The very first loans funded through Kiva were posted in April 2005. Instead of being posted and administered by a formal Field Partner or microfinance institution, these East Africa Beta loans were administered by a friend of Co-Founders, Matt Flannery and Jessica Jackley, who lived and worked in East Africa. To learn more about the beginnings of Kiva's work in East Africa, please read, "Kiva and the Birth of Person-to-Person Microfinance," authored by Matt Flannery, which was published in the Winter/Spring issue of Innovations by MIT Press.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 15, 2005 Oct 12, 2005
Total Loans $26,600 $950,570,550
Amount of raised Inactive loans $0 $367,300
Number of raised Inactive loans 0 244
Amount of Paying Back Loans $0 $143,502,175
Number of Paying Back Loans 0 177,163
Amount of Ended Loans $26,600 $806,701,075
Number of Ended Loans 55 1,011,720
Delinquency Rate 0.00% 7.85%
Amount in Arrears $0 $7,363,206
Outstanding Portfolio $0 $93,782,084
Number of Loans Delinquent 0 18,319
Default Rate 9.19% 1.40%
Amount of Ended Loans Defaulted $2,445 $11,327,296
Number of Ended Loans Defaulted 7 32,592
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,912,425
Number of Refunded Loans 0 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.73% 75.25%
Average Loan Size $484 $400
Average Individual Loan Size $484 $632
Average Group Loan Size $0 $1,766
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $0 $5,888
Average Loan Size / GDP per capita (PPP) 0.00% 6.79%
Average Time to Fund a Loan 0 days 6.93 days
Average Dollars Raised Per Day Per Loan $0.00 $57.67
  Average Loan Term 6.04 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 422 494,959
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 1.15 0.05
  Average Number of Recommendations Per Journal 2.91 1.18

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 57.00% PY 26.03% PY
  Profitability (return on assets) N/A 4.5% -0.81%
  Average Loan Size (% of per capita income) N/A 61.00% 17.16%

Country Fast Facts

Field Partner Staff

Hellen Rose Akiteng
Rowland Amulyoto
Jo Henriksen
stella Ikere
Josphat Kabui
Monica Martinez
Richard Mazengo
Alfred Tabaaro