Why do loans expire on the Kiva website?
I always try to keep within my budget, but sometimes there comes a bad month and there is an urgent need to solve money problems. With me it’s always that I can not wait and I can even not imagine that one can wait as long as 30 days for a cash needed. I really hope Kiva has little of such cases and will improve the service, otherwise people will look for another reliable company to apply to.
Kiva allows individuals to make choices about who they would like to support with their loan funds. Lenders show their support by contributing to a loan request, and most loans are funded within a matter of days. However, if a loan is not fully funded within 30 days, the loan request automatically expires, and our Field Partner can consider the characteristics of the loan that resulted in a lack of support from Kiva Lenders.
