The document discusses a proposal for Kiva to share currency risk equitably between Kiva partners and lenders. It provides an overview of how currency fluctuations can currently impose financial burdens on partners. The proposal suggests Kiva lenders absorb currency risk above a certain percentage of depreciation, such as 20%, to protect both partners and borrowers. Mock-ups demonstrate how loan details and repayments might be displayed on Kiva's website under different currency risk sharing scenarios.

1. Kiva Community Call: Currency Risk Proposal Equitable Sharing Between Kiva Partners & Kiva Lenders March 2009

4. Currency Risk Kiva PARTNERS

12. Data from Kiva Portfolio In 2008 10% 15% 20% 25% Experience No Loss 69.8% 80.8% 92.2% 98.4% Less than 2% Loss 14.8% 13.9% 7.2% 1.4% Great than 2% Loss 15.4% 5.3% 0.6% 0.2% Past 5 Years 10% 15% 20% 25% Experience No Loss 93.4% 96.7% 98.1% 99.0% Less than 2% Loss 4.5% 1.9% 1.2% 0.5% Great than 2% Loss 2.1% 1.3% 0.7% 0.5%

21. Example of what we should do for loans in Delinquent status Status: Delinquent ( See details ) $400 Loan Requested $200 Paid Back

22. My Portfolio > Loans Simplified First View (consistent w/ Risk Stats page) Me Avg. Kiva User Total Loaned Total Repaid + Delinquency Rate + Default Rate

23. My Portfolio > Loans 2 nd level (Consistent with our Risk Statistics) Me Avg. Kiva User Total Loaned Total Repaid - Delinquency Rate + Amount of Active Loans Delinquent Amount of Active Loans - Default Rate + Amount of Ended Loans Not Repaid in Full Amount of Ended Loans

24. My Portfolio > Loans 3 rd level Me Avg. Kiva User Total Loaned Total Repaid - Delinquency Rate - Amount of Active Loans Delinquent Delinquency caused by Entrepreneur Delinquency caused by Field Partner Delinquency caused by Currency Amount of Active Loans - Default Rate + Amount of Ended Loans Not Repaid in Full Default caused by Entrepreneur Default caused by Field Partner Default caused by Currency Amount of Ended Loans