Managing Your Kiva Credit Limit
- 1.Optional: Please provide your feedback on this video (this question is not graded): Do you have any comments about this video?
- 2.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
- 3.How is your credit limit determined?
- A.
Kiva adds the amount that you have fundraised to the amount of expected repayments for the current month.
- B.
Kiva conducts a risk assessment of your organization.
- C.
Kiva estimates the total volume of loans you are likely to post within a month.
- D.
Kiva subtracts the amount of expected repayments for the current month from the amount that you have fundraised.
- 4.What is the formula that Kiva uses to calculate the amount of your credit limit that is still available for fundraising?
- A.
Amount Available = Credit Limit - Amount Used
- B.
Amount Available = Credit Limit - Expected Repayments for current month
- C.
Amount Available = Credit Limit - Amount Used + Expected Repayments for current month
- D.
Amount Available = Credit Limit - Amounted Used - Expected Repayments for current month
- 5.What is a Kiva credit limit?
- A.
The amount of funds that you have raised with Kiva
- B.
The amount of funds that you have repaid to Kiva
- C.
The maximum amount that you can have outstanding with Kiva
- D.
The maximum loan amount that you can post to Kiva
- 6.Kiva calculates the amount of your credit limit that is currently being used by adding the outstanding balances for all loans that are in _________________ status(es).
- A.
Inactive, reviewed, and issue
- B.
Fundraising and raised
- C.
Fundraising, raised, and paying back
- D.
Paying back
- 7.Why does Kiva add expected repayments for the current month back into your Amount Available?
- A.
Kiva assumes you will repay these funds on time and hence extends this amount as “float” for the current month.
- B.
Kiva assumes that these loans will be published on the Kiva website within the current month.
- C.
Kiva knows there is a risk you may not repay these funds on time and hence does not want to make this amount available for fundraising.
- D.
Kiva considers these funds to be “used” and hence does not want to make this amount available for fundraising.
- 8.You are a new partner with a credit limit of $100,000. You post $20,000 in loans to the Kiva website for fundraising. What is your amount available?
- A.
$80,000
- B.
$20,000
- C.
$100,000
- D.
$120,000
- 9.Your credit limit is $100,000, and your amount available is $60,000. You remit $10,000 to Kiva, which Kiva settles out to lenders. There are no further repayments expected this month. What is your amount available now?
- A.
$50,000
- B.
$70,000
- C.
$60,000
- D.
$100,000
- 10.Your credit limit is $100,000. You have used $97,000 and Kiva expects to receive $2,000 in repayments this month. You wish to post a new loan for $10,000. Is this a good idea?
- A.
Yes, you have sufficient amount available.
- B.
No, you do not have sufficient amount available.
- 11.The Credit Limit Calculation Report shows you ________________________.
- A.
All of the outstanding balances for delinquent loans
- B.
All of the expected repayments in the current month for delinquent loans
- C.
All of the amounts used to calculate your Credit Limit
- D.
All of the amounts used to calculate your Amount Available, Used Amount, and Expected Repayments
- 12.How can you avoid posting loans in excess of your credit limit?
- A.
Use the Credit Limit Calculation Report.
- B.
There is a graph in step 2 of posting a new loan that shows you the amount that you can still post.
- C.
Get out your calculator and calculate the amount available each time you post a new loan
- D.
Kiva prevents you from doing so, by shutting off access to PA2 if you have exceeded your credit limit.
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