About 1% of loans at Kiva are disbursed only after they are fully funded by lenders. These are referred to as "Post Disbursed Loans". For more information on these loans, please join Post Disbursed Loans team.
Here is a good explanation of PDL loans from Kiva lender Jennifer.
Hi everyone! I just got off the phone with a very helpful Kiva representative. I've been trying to get a fuller understanding of the way that post-disbursed loans work. If you read the loans carefully (like we all do at LLL!) then you may have noticed that occasionally a loan will have a post-disbursal date that is actually a few days before the expiration date. In other cases, the post-disbursal date might be a month or even two after the loan's fundraising period on Kiva ends.
Here is some of the information that I received:
ABOUT PDLs GENERALLY:
ABOUT THE DATES:
When a FP gives a borrower a PDL, they are asked to assign an estimated date of disbursal. They are given a 90-day window. So:
THE MOST IMPORTANT POINT:
Any PDL loan that doesn't fill will not be given to borrowers. A post-disbursal date is an ESTIMATE, not a guarantee. If the p-d date falls before the 30-day Kiva expiration date, the loan can still expire and the borrowers will get nothing. So, bottom line: we still need to be very careful and vigilant about those expiration dates! Sorry for the length of this message!
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