Kiva Zip Kenya Trustee Training Quiz

Thank you for completing the Kiva Zip Kenya Trustee Training. The following quiz has 10 questions to help us evaluate the training material and ensure you understand Kiva Zip.

You must complete the quiz to be approved as a Kiva Zip Trustee.

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* 1. Your Name

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* 2. Name of your organization (if applicable)

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* 3. What is Kiva Zip?

A bank that provides micro-loans

A website on the Internet that connects lenders to entrepreneurs

A money lender that funds loans

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* 4. What is NOT required, to get a Kiva Zip loan?

Personal M-PESA account

Borrower photo and personal story on the Internet

Endorsement by an approved trustee

Credit history with a local microfinance organization (MFI)

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* 5. For a new trustee, what is the maximum amount he/she can endorse for a first-time loan?

10,000Ksh

20,000Ksh

30,000Ksh

Unlimited

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* 6. How are Kiva Zip loans funded?

Kiva Zip staff provide funds for the loan

Trustees conduct fundraising and find lenders for the loans

Lenders from around the world read borrowers’ stories and fund the loans

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* 7. What is NOT a role of a trustee?

To select and recommend borrowers for Kiva Zip loans

To repay the loan on behalf of the borrower if borrower is unable to repay

To provide support to the borrower throughout lending process

To guarantee borrower’s character in public

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* 8. What is the maximum number of loans a new trustee can endorse?

Unlimited

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* 9. How does the borrower receive and repay the loan?

Kiva Zip staff visits borrowers to distribute and collect cash

Trustees distribute and collect cash from borrowers

Borrower receives funds and repays loan on personal M-PESA account

Borrower receives funds and repays loan on any M-PESA account (e.g. trustee’s, family’s, etc.)

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* 10. Which of the following potential borrowers is the best candidate for your endorsement?

Borrower you regularly interact with, who you have known for 5 years, and is a trust-worthy person with a good business

Borrower you met 2 weeks ago, who has an interesting business idea

Borrower who does business with you a few times a year, and has multiple loans from banks and microfinance institutions (MFIs)

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* 11. What does NOT need to happen before borrower receives funds for the loan?

Borrower completes loan application including uploading a photo

Kiva Zip approves and posts loan on the website

Lenders fully fund the loan

Borrower provides evidence for use of loan

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* 12. Why is it important for trustees to maintain a high repayment rate?

Trustee can move up the trustee tier and endorse more borrowers

Loans endorsed by the trustee will fund quicker

Trustee will uphold a good reputation within the Kiva Zip community

All of the above