3.2 Repayment Reporting (Old System)

12 Questions | Total Attempts: 65

SettingsSettingsSettings
Please wait...
3.2 Repayment Reporting (Old System)

.


Questions and Answers
  • 1. 
    How often must you upload a repayment report in PA2?
    • A. 

      Daily

    • B. 

      Weekly

    • C. 

      Monthly

    • D. 

      Annually

  • 2. 
    Why is repayment reporting important? Check all that apply.
    • A. 

      Journaling rate: Your journaling rate will decrease if you fail to report repayments.

    • B. 

      Risk transfer: Kiva will only invoice you for the amounts you have actually collected from the borrower, even if they paid less than expected.

    • C. 

      Borrower-lender connection: Kiva lenders must have accurate information on how borrowers are doing.

    • D. 

      Avoiding refunds: Kiva will refund a loan if you fail to report the repayment amount.

  • 3. 
    What happens if you fail to report repayment for a particular loan?
    • A. 

      Kiva will not invoice you for the loan.

    • B. 

      Kiva will invoice you for the full outstanding amount of the loan.

    • C. 

      Kiva will refund the loan.

    • D. 

      Kiva will assume that the borrower is paying back on time and will invoice you accordingly.

  • 4. 
    You posted a loan in PA2 with the repayment schedule shown below (format of collection dates is month/day/year). In your repayment report for January, you report that the borrower has only repaid $50 in principal. What will Kiva invoice you for this loan?
    • A. 

      $100

    • B. 

      $50

    • C. 

      $300

    • D. 

      $0

  • 5. 
    How should your repayment report be formatted (assuming that Loan IDs are unique within your organization)?
    • A. 

      2 columns: Loan ID or Kiva ID, cumulative principal repaid or total amount outstanding (depending on setting)

    • B. 

      2 columns: Client ID, cumulative principal repaid or total amount outstanding (depending on setting)

    • C. 

      2 columns: Loan ID or Kiva ID, principal repaid within previous month

    • D. 

      3 columns: Loan ID or Kiva ID, principal repaid within previous month, interest repaid within previous month

  • 6. 
    When should you begin preparing the repayment report for December?
    • A. 

      January 1 or as soon as all repayment data from December has been updated in your MIS

    • B. 

      January 12

    • C. 

      January 15

    • D. 

      January 31

  • 7. 
    What is the deadline for uploading your December repayment report to PA2?
    • A. 

      December 12

    • B. 

      January 1

    • C. 

      January 12

    • D. 

      January 15

  • 8. 
    Within the Repayment Summary in PA2, what does the “Number of Loans with Repayments in [month]” represent?
    • A. 

      Number of loans for which Kiva expects you to report repayments, but for which you have NOT yet reported

    • B. 

      Number of loans for which Kiva expects you to report repayments

    • C. 

      Number of loans that were reported as on time

    • D. 

      Total number of loans that you have ever posted in PA2

  • 9. 
    You upload a repayment report in PA2 and notice that one of the loans has an error. What does an error indicate?
    • A. 

      There is a notable variance between the repayment amount that you reported and the amount that Kiva expects.

    • B. 

      You have forgotten to include the amount of interest repaid.

    • C. 

      Your internet connection was interrupted while you were attempting to upload the report, so PA2 is not able to save the repayment amount.

    • D. 

      There is a problem with the Loan ID, so PA2 is not able to save the repayment amount.

  • 10. 
    You upload a repayment report in PA2 and notice that one of the loans has a warning. What does a warning indicate?
    • A. 

      There is a notable variance between the repayment amount that you reported and the amount that Kiva expects.

    • B. 

      You have forgotten to include the amount of interest repaid.

    • C. 

      Your internet connection was interrupted while you were attempting to upload the report, so PA2 is not able to save the repayment amount.

    • D. 

      There is a problem with the Loan ID, so PA2 is not able to save the repayment amount.

  • 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. 
    Optional: Please provide your feedback on this video (this question is not graded):  Do you have any comments about this video?
Back to Top Back to top