At minimum, your loan contract (i.e., the document that a borrower will sign when taking a loan) must include the nine elements listed below. If your organization has an existing lending program, you may continue to use your existing loan contract with Kiva borrowers so long as it includes these nine elements. Kiva will require you to upload a copy of your loan contract in Step 3.1 for verification before you are permitted to begin fundraising on the Kiva website.

 

Required Elements

1. Borrower Name

2. Date contract is signed

3. Disbursement date

4. Loan amount

5. Repayment schedule*, consisting of:

   • Repayment due date

   • Principal due

   • Interest due (if applicable)

   • All other costs (e.g., fees, insurance, savings, commissions, taxes)

6. Delinquency and default policy (definition and consequences)

7. Field for borrower's signature

8. Field for Field Partner representative's signature

9. Contact information for Field Partner

 

*The repayment schedule may be included within the loan contract or provided to the borrower as a separate document. In either case, the borrower must be provided with a copy of the loan contract and the repayment schedule on or before the disbursement date.

 

 

 

Sample Loan Contracts

The following is a sample loan contract that meets Kiva's minimum requirements (this contract also contains additional recommended fields):​