Managing Your Kiva Credit Limit

12 Questions | Total Attempts: 76

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Managing Your Kiva Credit Limit

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. 
    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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