What is SEED Development Group and how are they related to Kiva?
A. Kiva does not lend directly to any entrepreneurs. Instead, the loans on the Kiva website are administered by independent Field Partners, which are organizations that lend to the poor for poverty alleviation. The role of a Field Partner is to screen each entrepreneur, post his/her profile on the Kiva website, disburse the loan, and collect loan repayments. The SEED Development Group was formerly one of Kiva’s Field Partners in Kenya. Q. What does it mean for a loan to default? A. A loan is typically classified as ‘defaulted’ if has reached six months beyond its scheduled repayment date and has not been fully repaid. For example, if a loan is scheduled to be repaid in 12 months, and after 18 months the loan has not been fully repaid, it would generally be defaulted. The SEED loans were defaulted earlier than the six-month default guideline as we have determined that further collection of these loans is not possible. In this case, the default was caused because SEED did not repay the l
