Status update December 16, 2016
Kiva has moved this Field Partner to inactive status, which means BagoSphere is no longer fundraising loans on the Kiva platform. BagoSphere has experienced operational difficulties this year, resulting in many of their borrowers being behind on repayment. While their delinquency rate is currently 66.18%, Kiva expects the partner to continue to work to collect on repayments owed to Kiva lenders and remit any funds received back to Kiva. We will share more information as it become available. 

Partner description: 

BagoSphere provides vocational training in the Philippines to help rural youth prepare for call center jobs. These jobs enable young people to earn far more than they could at unskilled labor positions, and enable them to save for professional and personal development goals.  

BagoSphere focuses on serving low-income, out-of-school youth from rural areas; building important life skills, such as personal financial literacy; and delivering a comprehensive program with more than 80% job placement rates.

A Unique Lending Approach:

BagoSphere has a “study now pay later” tuition loan program with 0% interest for students admitted to their program that demonstrate financial need.  Kiva capital would be used to extend this program. They piloted this program in 2013 by providing 15 loans with support from Kiva partner Negros Women for Tomorrow Foundation.  Going forward, BagoSphere would like to develop loan capacity in-house and hopes to scale this program over time as an integral part of the services they provide.  


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 3, 2014 Oct 12, 2005
Total Loans $80,250 $948,198,675
Amount of raised Inactive loans $0 $368,775
Number of raised Inactive loans 0 256
Amount of Paying Back Loans $17,225 $141,642,550
Number of Paying Back Loans 44 174,653
Amount of Ended Loans $63,025 $806,187,350
Number of Ended Loans 157 1,011,011
Delinquency Rate 80.27% 8.16%
Amount in Arrears $8,366 $7,495,461
Outstanding Portfolio $10,421 $91,866,119
Number of Loans Delinquent 43 18,844
Default Rate 44.44% 1.40%
Amount of Ended Loans Defaulted $28,010 $11,290,259
Number of Ended Loans Defaulted 91 32,463
Currency Exchange Loss Rate 0.01% 0.46%
Amount of Currency Exchange Loss $5 $4,326,176
Refund Rate 3.46% 0.62%
Amount of Refunded Loans $2,775 $5,911,700
Number of Refunded Loans 7 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 73.08% 75.24%
Average Loan Size $399 $400
Average Individual Loan Size $399 $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 $7,000 $5,890
Average Loan Size / GDP per capita (PPP) 5.70% 6.79%
Average Time to Fund a Loan 1.42 days 6.92 days
Average Dollars Raised Per Day Per Loan $280.88 $57.77
  Average Loan Term 16.97 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 95 493,986
  Journaling Rate 30.94% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 46.00% PY 26.06% PY
  Profitability (return on assets) N/A 4.8% -0.82%
  Average Loan Size (% of per capita income) N/A 8.00% 17.16%

Country Fast Facts

Field Partner Staff

Irish Abello
Tippi Fernandez
Ronilo Geroy
Zhihan Lee
Queobel Tacorda