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Was Kiva repaid by SEED?

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Was Kiva repaid by SEED?

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A. In addition to providing false repayment information, SEED did not send any funds to Kiva for the repayments it noted on the website. However, Kiva management has made the decision to still honor the repayments that SEED had reported. For example, if a lender received notifications that $20 of their loan had been repaid, then Kiva will still provide the $20 in Kiva credit even though Kiva did not receive these funds from SEED. The balance of the loan for which no repayment notices were received is considered defaulted and no Kiva credit is being provided for this portion of the loan. This summer Kiva is implementing a new loan repayment reporting procedures with its Field Partners to prevent this type of occurrence from happening in the future. Q. Has Kiva pursued legal action against SEED? A. Yes. Kiva has launched criminal and legal proceedings against SEED’s management. We take it very seriously when a partner violates our policies and abuses the trust of our lenders. When an unf

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