Collecting Borrower Profiles In The Field

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| By Jomay Liu

Jomay Liu

Community Contributor

Quizzes Created: 6 | Total Attempts: 1,336

Questions: 12 | Attempts: 208 | Updated: Mar 20, 2023

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Questions and Answers

1.

Optional: Please provide your feedback on this video (this question is not graded): Do you have any comments about this video?
2.

What is the purpose of a Borrower Interview Form?
- A.
  
  Collect information that will be used to create the borrower profile on the Kiva website
- B.
  
  Confirm the borrower’s consent to appear on the Kiva website
- C.
  
  Record the borrower’s repayment history
Correct Answer
A. Collect information that will be used to create the borrower profile on the Kiva website

Explanation
The purpose of a Borrower Interview Form is to collect information that will be used to create the borrower profile on the Kiva website. This form helps gather important details about the borrower, such as their background, financial situation, and the purpose of the loan. This information is then used to create a comprehensive borrower profile on the Kiva website, which provides potential lenders with the necessary information to make an informed decision about lending to that borrower.

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3.

What is REQUIRED to appear in the borrower photo?
- A.
  
  Borrower's house
- B.
  
  Borrower's face
- C.
  
  Item(s) that the borrower purchased with the loan
Correct Answer
B. Borrower's face

Explanation
To appear in the borrower photo, the borrower's face is required. This means that the borrower needs to be present and have their face visible in the photo. The other options mentioned, such as the borrower's house or the items purchased with the loan, are not necessary for the borrower to appear in the photo.

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4.

When taking a photo, field staff should ask the borrower to ______________.
- A.
  
  Stand in front of a blank wall.
- B.
  
  Frown.
- C.
  
  Face the sun or other light source.
Correct Answer
C. Face the sun or other light source.

Explanation
When taking a photo, field staff should ask the borrower to face the sun or other light source. This is because facing the sun or a light source ensures that the borrower's face is well-lit and visible in the photo. This helps in capturing clear and detailed images for documentation purposes.

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5.

When taking a photo, field staff should stand ___ meters away from the borrower.
- A.
  
  2-3
- B.
  
  5-8
- C.
  
  10
Correct Answer
A. 2-3

Explanation
Field staff should stand 2-3 meters away from the borrower when taking a photo. This distance allows for a clear and focused image of the borrower while maintaining a comfortable proximity. Standing too close may result in distortion or blurriness, while standing too far may result in a less detailed image. Therefore, a distance of 2-3 meters strikes a balance between capturing a clear photo and respecting personal space.

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6.

What is the purpose of the client waiver?
- A.
  
  Collect information that will be used to create the borrower profile on the Kiva website
- B.
  
  Confirm the borrower’s consent to appear on the Kiva website
- C.
  
  Record the borrower’s repayment history
Correct Answer
B. Confirm the borrower’s consent to appear on the Kiva website

Explanation
The purpose of the client waiver is to confirm the borrower's consent to appear on the Kiva website. This waiver ensures that the borrower is aware and agrees to have their information and story shared on the Kiva platform for potential lenders to see. It is important to obtain the borrower's consent to respect their privacy and ensure transparency in the lending process. The client waiver does not collect information for the borrower profile or record repayment history; its main focus is on obtaining consent for appearing on the Kiva website.

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7.

Kiva guarantees funding for all loans posted on its website.
- A.
  
  True. All loans automatically receive funding.
- B.
  
  False. Kiva lenders must choose to fund loans.
Correct Answer
B. False. Kiva lenders must choose to fund loans.

Explanation
The correct answer is False. Kiva lenders must choose to fund loans. This means that not all loans posted on Kiva's website are guaranteed to receive funding. It is up to the individual lenders to decide which loans they want to fund.

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8.

Which of the following information is included in a borrower profile? Check all that apply.
- A.
  
  Given name of borrower
- B.
  
  Address and phone number of borrower
- C.
  
  Photo of borrower
- D.
  
  Loan amount and repayment schedule
Correct Answer(s)
A. Given name of borrower
C. Photo of borrower
D. Loan amount and repayment schedule

Explanation
A borrower profile typically includes the given name of the borrower, as it is essential to identify the individual. It also includes a photo of the borrower, as it helps to visually confirm the borrower's identity. Additionally, the loan amount and repayment schedule are included in the borrower profile as they provide crucial information about the loan agreement and the borrower's financial obligations. The address and phone number of the borrower may or may not be included in the borrower profile, as it depends on the specific requirements and policies of the lending institution.

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9.

The borrower profile must explain exactly how the borrower will use the loan.
- A.
  
  True. Lenders need to understand how their funds will be used.
- B.
  
  False. Lenders do not need to know these details.
Correct Answer
A. True. Lenders need to understand how their funds will be used.

Explanation
The explanation for the correct answer is that lenders need to have a clear understanding of how their funds will be utilized by the borrower. This is important for lenders to assess the risk associated with the loan and make an informed decision. By knowing how the loan will be used, lenders can evaluate whether the borrower's plans align with their own risk appetite and determine if the loan is likely to be repaid successfully. Therefore, it is crucial for the borrower profile to provide a detailed explanation of how the loan will be utilized.

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10.

A borrower has not signed the client waiver. Can you post the borrower’s profile on the Kiva website?
- A.
  
  Yes. You can post the borrower’s profile on the Kiva website so long as you remember to ask the borrower to sign the waiver the next time you see him/her.
- B.
  
  No. The borrower must sign the waiver before his/her profile is posted on the Kiva website.
Correct Answer
B. No. The borrower must sign the waiver before his/her profile is posted on the Kiva website.

Explanation
The borrower must sign the waiver before his/her profile is posted on the Kiva website because the waiver is a legal document that grants permission for the borrower's information to be shared publicly. Without the signed waiver, it would be a violation of privacy and potentially illegal to post the borrower's profile on the website.

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11.

Please provide your feedback on this video (this question is not graded): How would you rate this video?
- A.
  
  5 - Excellent
- B.
  
  4 - Very Good
- C.
  
  3 - Good
- D.
  
  2 - Fair
- E.
  
  1 - Poor
12.

What is an acceptable method for transmitting information from the field to the staff who will post loans in PA2?
- A.
  
  Field staff email information to the staff who will post loans.
- B.
  
  Field staff upload information to a central database that can be accessed by staff who will post loans.
- C.
  
  Couriers carry paper forms from the field to the staff who will post loans.
- D.
  
  All of the above
Correct Answer
D. All of the above

Explanation
All of the above options are acceptable methods for transmitting information from the field to the staff who will post loans in PA2. Field staff can choose to email the information, upload it to a central database, or use couriers to physically transport paper forms. Each method has its own advantages and may be preferred depending on the specific circumstances and resources available.

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Current Version
Mar 20, 2023

Quiz Edited by
ProProfs Editorial Team
Jul 16, 2013

Quiz Created by
Jomay Liu

Collecting Borrower Profiles In The Field

Optional: Please provide your feedback on this video (this question is not graded): Do you have any comments about this video?

What is the purpose of a Borrower Interview Form?

What is REQUIRED to appear in the borrower photo?

When taking a photo, field staff should ask the borrower to ______________.

When taking a photo, field staff should stand ___ meters away from the borrower.

What is the purpose of the client waiver?

Kiva guarantees funding for all loans posted on its website.

Which of the following information is included in a borrower profile? Check all that apply.

The borrower profile must explain exactly how the borrower will use the loan.

A borrower has not signed the client waiver. Can you post the borrower’s profile on the Kiva website?

Please provide your feedback on this video (this question is not graded): How would you rate this video?

What is an acceptable method for transmitting information from the field to the staff who will post loans in PA2?