How to set up Automatic Repayments

A step-by-step guide on making repayments easy!

At Kiva, we know that starting and running your business leaves little time for other things. We want to make your life as easy as possible when it comes to making payments on time.

Everything you need to know about Automatic Repayment:

How do I signup for Automatic Repayments?

To sign up for automatic repayments, you begin by going to the automatic repayments section of your borrower dashboard. Once on this page, you’ll be able to signup using your PayPal login.

To enable automatic monthly repayments to your lenders:

  1. Click here and sign into your Kiva account

  2. Make sure you’re in the “Borrower Dashboard” (see menu at the top in your Kiva portal).

  3. On the lefthand menu, click “Automatic repayments”

  4. Then click the “PayPal checkout” button

  5. Then confirm your PayPal details by clicking the “Agree & Continue” button, and you’re set!

Check out this step-by-step video guide:

What is it?

Sign up once to repay automatically through PayPal based on your repayment schedule and never have to worry about it again. Don’t worry - we’ll still remind you when you have a repayment coming up and when it’s been made. You’ll always be able to view your repayment schedule, and you can edit/pause your automated repayments at any time.

Who can sign up?

Once you’ve submitted your loan application, you’ll have the ability to sign up on your dashboard! If you don’t feel ready, no problem. We’ll remind you about this option once you’ve fully funded your loan. As long as you continue to repay your loan on time, you’ll always be eligible to sign up.

When should I sign up?

We recommend signing up as soon as you’ve connected your bank account to your PayPal account. Most of our entrepreneurs will set this up once they’ve fully funded. We recommend using your bank account as your preferred payment method - not your credit or debit card - to avoid exorbitant credit card fees.

Why should I sign up?

Automatic repayments will save you - and us! - time and effort. Set it up once and never again spend time remembering when you need to make a repayment. This makes staying in good standing with your lenders easier. This is very useful if you ever want to raise another loan!

Do you still have questions about automatic repayments and how to set it up? Check out our Frequently Asked Questions or shoot us an email at borrowers@kiva.org.