Fairtrasa is a global social enterprise that provides marginalized farmers in developing countries with tailored training programs, certification, capital, and logistical support.  The enterprise then connects farmers to fair-paying markets by selling their organic and fairtrade products through Fairtrasa’s global sales network. Through its sustainable business model, Fairtrasa helps farmers increase yield, improve quality and adopt sustainable farming practices.

A unique lending approach:

Fairtrasa provides loans to small-scale farmers, with an average plot of between 1 and 5 hectares, so that they are able to purchase equipment and obtain organic farming inputs such as fertilizer and seeds. Loan repayment is based on each farmer’s crop cycle and will be repaid in a single payment at the end of the term.  

Fairtrasa is committed to helping small-scale farmers lift themselves out of poverty through sustainable agriculture, ensuring a prosperous future for their families and communities. Kiva loans will also enable farmers to more rapidly transition to organic farming at a lower cost. With Kiva’s support, Fairtrasa will be able to provide access to credit to more farmers in need.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 15, 2014 Oct 12, 2005
Total Loans $73,050 $939,391,750
Amount of raised Inactive loans $0 $523,475
Number of raised Inactive loans 0 519
Amount of Paying Back Loans $35,550 $144,680,000
Number of Paying Back Loans 28 177,234
Amount of Ended Loans $37,500 $794,188,275
Number of Ended Loans 34 994,961
Delinquency Rate 2.91% 7.81%
Amount in Arrears $1,000 $7,430,834
Outstanding Portfolio $34,350 $95,114,087
Number of Loans Delinquent 2 19,254
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,575
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 0.24% 0.63%
Amount of Refunded Loans $175 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 12.12% 75.19%
Average Loan Size $1,162 $401
Average Individual Loan Size $1,162 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,896
Average Loan Size / GDP per capita (PPP) 9.69% 6.80%
Average Time to Fund a Loan 4.78 days 6.93 days
Average Dollars Raised Per Day Per Loan $243.14 $57.88
  Average Loan Term 8.74 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 488,756
  Journaling Rate 0.00% 41.62%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.19

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 9% APR N/A 25.92% PY
  Profitability (return on assets) N/A N/A -0.29%
  Average Loan Size (% of per capita income) N/A N/A 17.68%

Country Fast Facts

Field Partner Staff

Cesia Bonon
Amanda Ege
Aingeru Garcia
Valerie Remoquillo
Michael Romano
Patrick Struebi