Status update — July 13, 2017
Housing Finance Foundation isn't currently raising funds on the Kiva platform. They have a total outstanding balance of $29,345.77 owed to Kiva lenders. HFF mistakenly reported repayments incorrectly, and as a result, the total outstanding amount is showing up as delinquent. HFF continues to collect loan repayments and submit the amount collected to Kiva each month, but their loans will remain delinquent until the balance is cleared and all loans are repaid and/or defaulted. 

Partner description:
Housing Finance Foundation (HFF) is a subsidiary of Housing Finance (HF), whose vision is to deliver, facilitate and catalyze an industry by providing the relevant practical skills required by the building and construction industry through the creation of one million artisans for Kenya and the East Africa.

A unique lending approach:
Housing Finance Foundation has five main areas of work: technical and vocational entrepreneurial training, homes for the homeless, financial literacy, green technology and environment security. It’s partnership with Kiva will offer loans to students pursuing building and construction related courses.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 30, 2014 Oct 12, 2005
Total Loans $41,975 $994,173,925
Amount of raised Inactive loans $0 $246,850
Number of raised Inactive loans 0 286
Amount of Paying Back Loans $39,625 $153,984,725
Number of Paying Back Loans 28 196,046
Amount of Ended Loans $2,350 $839,942,350
Number of Ended Loans 2 1,055,629
Delinquency Rate 32.50% 8.66%
Amount in Arrears $9,922 $8,865,405
Outstanding Portfolio $30,527 $102,333,532
Number of Loans Delinquent 24 30,827
Default Rate 0.00% 1.42%
Amount of Ended Loans Defaulted $0 $11,900,367
Number of Ended Loans Defaulted 0 34,261
Currency Exchange Loss Rate 1.83% 0.45%
Amount of Currency Exchange Loss $767 $4,517,245
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $5,985,075
Number of Refunded Loans 0 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.51%
Average Loan Size $1,399 $398
Average Individual Loan Size $1,399 $627
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,871
Average Loan Size / GDP per capita (PPP) 77.73% 6.78%
Average Time to Fund a Loan 12.35 days 6.92 days
Average Dollars Raised Per Day Per Loan $113.28 $57.53
  Average Loan Term 46.77 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 29 519,327
  Journaling Rate 0.00% 41.10%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 12% APR 36.00% PY 26.33% PY
  Profitability (return on assets) N/A 0.5% -1.14%
  Average Loan Size (% of per capita income) N/A 56.00% 16.31%

Country Fast Facts

Field Partner Staff

Josephine Kirumba
Mercy Musau
Caroline Sikasa