Life Cycle Of A Loan Quiz! Test

Explanation
Lenders consider the borrower's personal story, intended loan use, and borrower's photo when deciding whether or not to fund a loan. The borrower's personal story helps lenders understand the borrower's background, financial situation, and ability to repay the loan. The intended loan use gives lenders an idea of how the funds will be utilized and whether it aligns with their lending criteria. The borrower's photo may be used for identification purposes and to verify the borrower's identity. These factors collectively help lenders assess the risk associated with the loan and make an informed decision.

Explanation
The latest day that you can post this loan in PA2 is January 31, which is 30 days after it is disbursed. This is because the question states that the loan was disbursed on January 1, and the latest day to post it is 30 days after disbursement.

Explanation
The loan can be disbursed to the borrower up until April 1, which is 90 days after it is posted in PA2. This suggests that there is a time limit of 90 days for disbursing the loan, after which it would no longer be possible to do so.

Explanation
Kiva obtains the money used to fund their organization's loans from individual lenders located all over the world as well as from Kiva's institutional investors. This means that both individual lenders and institutional investors contribute to the funding of Kiva's loans.

Explanation
The organization will receive the funds for the loan by the end of August. This is because even though the loan received 100% of the requested funding on July 22, it does not specify when the funds will be disbursed. Therefore, it can be assumed that it will take some time for the funds to be processed and transferred to the organization, which is why the funds will be received by the end of August.

Explanation
The organization will receive the funds for the loan by the end of September. This is because it takes time for the funding to be processed and transferred after the loan has received 100% of the requested funding on August 9.

Explanation
Within PA2, users have the ability to access and view information about every loan that their organization has ever posted, regardless of its current status. This implies that even if a loan is closed or inactive, users can still retrieve its details and history. Therefore, the statement "Within PA2, you can look up every loan that your organization has ever posted, regardless of status" is true.