Resumen del cargo
This charge represents a loan or donation made through Kiva, an international nonprofit that allows individuals to crowdfund microloans for entrepreneurs in developing nations.
Understanding a Kiva Microfunds transaction
A transaction from Kiva Microfunds on your statement indicates that you have participated in their micro-lending platform. Unlike traditional charities where you simply donate money, Kiva operates by allowing users to lend small amounts (typically starting at $25) to borrowers in underserved communities worldwide. Once the borrower repays the loan, the funds return to your Kiva account, where you can withdraw them or lend them to another entrepreneur.
In addition to funding a loan, donors have the option during checkout to add a voluntary tip to support Kiva's operational costs. If the charge on your statement is slightly higher than the standard $25 loan increment, it is likely because an operational tip was included in the total transaction amount.
- Log into your Kiva account Access your online Kiva portfolio to view your active loans and confirm the specific borrowers you supported.
- Review the loan terms Check the repayment schedule detailed in your account to understand when you can expect the funds to be returned to your digital wallet.
Is my money gone forever if I lend on Kiva?
No, Kiva historically has a repayment rate of over 96%. When borrowers repay the loan, the funds are deposited back into your account balance.
How do I withdraw my Kiva balance?
You can withdraw repaid funds directly to your linked bank account or PayPal via the withdrawal option in your Kiva portfolio settings.
Managing Kiva auto-deposit features
If you are seeing recurring monthly charges from Kiva, you likely enrolled in their Auto Deposit program. This feature automatically transfers a set amount from your bank or credit card to your Kiva account each month to ensure you always have funds ready to deploy for new loans. Donors sometimes enable this feature during an initial burst of lending enthusiasm and later forget about the automated schedule.
Kiva's customer support is highly responsive and can assist if you need to modify your auto-deposit settings or request a refund for a recent unintended transfer, provided the funds have not yet been deployed to a borrower.
- Cancel Auto Deposit review to your Kiva account settings and locate the Auto Deposit tab to modify or cancel the recurring monthly transfer.
- Contact support for unused funds If an auto-deposit occurred accidentally and you have not yet lent the money out, contact Kiva support for a direct refund.
Are Kiva loans tax-deductible?
The loans themselves are not tax-deductible because they are meant to be repaid. However, voluntary tips made to support Kiva's operations are deductible.
Does Kiva charge interest to borrowers?
Kiva itself does not charge interest, but the local Field Partners who administer the loans on the ground typically charge interest to cover operational costs.
As práticas de cobrança podem variar. Confirme sempre no extrato antes de contestar.
Fuentes verificadas
- Kiva How It Works https://www.kiva.org
- Kiva Auto Deposit Guide https://www.kiva.org/help-center?ref=unknowncharges