Partner Description:

Agora Partnerships is a nonprofit organization that works with early-stage social businesses across Latin America that are too large to be considered microenterprises, but too small for investments from traditional financing institutions. These for-profit businesses are finding innovative ways to solve social and environmental challenges. They lack access to the knowledge, networks, and capital they need to grow their businesses and their impact.
 
Agora supports these businesses through the Agora Accelerator, an 8 month program in which selected businesses receive customized consulting services focused on driving investment into the company, access to a global community of investors, mentors, and peers, and opportunities to network with and pitch to investors. Agora has facilitated more than 14.5 million in financing to dozens of businesses that have participated in their Accelerator program.       
 
A unique lending approach:

Through funding on Kiva, Agora Partnerships will be able to directly provide loans to some of the companies it supports. Loans will range from traditional short-term working capital loans to encourage growth and sustainability to more innovative longer term and cash flow/revenue based lending products customized to the particular needs of the companies.
 
Some of the loans will also include an “in-kind” community reinvestment so that the borrowers can reinvest funds in their communities. The latter is based on a model that has been successfully implemented by Agora Partnerships for one of its partners in Nicaragua.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 5, 2015 Oct 12, 2005
Total Loans $155,000 $964,411,000
Amount of raised Inactive loans $0 $471,900
Number of raised Inactive loans 0 232
Amount of Paying Back Loans $135,000 $146,758,050
Number of Paying Back Loans 4 182,630
Amount of Ended Loans $20,000 $817,181,050
Number of Ended Loans 1 1,025,959
Delinquency Rate 0.00% 7.86%
Amount in Arrears $0 $7,620,696
Outstanding Portfolio $99,693 $96,926,259
Number of Loans Delinquent 0 19,270
Default Rate 0.00% 1.41%
Amount of Ended Loans Defaulted $0 $11,498,102
Number of Ended Loans Defaulted 0 33,015
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,946,325
Number of Refunded Loans 0 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.00% 75.33%
Average Loan Size $31,000 $399
Average Individual Loan Size $31,000 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $11,100 $5,879
Average Loan Size / GDP per capita (PPP) 279.28% 6.79%
Average Time to Fund a Loan 13.26 days 6.92 days
Average Dollars Raised Per Day Per Loan $2,338.03 $57.68
  Average Loan Term 21.4 months 11.12 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3 502,623
  Journaling Rate 100.00% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 8% APR N/A 26.15% PY
  Profitability (return on assets) 13.3% N/A -1.14%
  Average Loan Size (% of per capita income) N/A N/A 16.85%

Country Fast Facts

Field Partner Staff

Maria Duarte