Hundreds of thousands of people in the developing world, largely women, participate in the artisan sector. Behind agriculture, artisan activity is the second largest employer in the developing world. Yet, artisan enterprise is not generally considered a key driver of economic growth, nor looked to as a major component of development assistance efforts.
 
The Alliance for Artisan Enterprise was launched by Hillary Clinton in 2012 and is hosted by the Aspen Institute. It is a collaborative effort of 45 organizations, corporations, and individuals working together to promote the full potential of the artisan sector to spur economic development. The Alliance aims to help bridge the financing gap for artisans in 110 developing countries around the world.  
 
A unique lending approach:
 
Loans offered by the Alliance for Artisan Enterprise on the Kiva website are targeted to artisans around the world who do not have access to financing. The borrowers are owners of small and growing businesses in their countries. Loans will support the purchase of supplies borrowers need to produce handmade, artisan products.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 13, 2014 Oct 12, 2005
Total Loans $165,550 $950,163,500
Amount of raised Inactive loans $32,000 $380,025
Number of raised Inactive loans 4 253
Amount of Paying Back Loans $81,400 $143,384,925
Number of Paying Back Loans 10 176,947
Amount of Ended Loans $52,150 $806,398,550
Number of Ended Loans 8 1,011,339
Delinquency Rate 0.00% 7.90%
Amount in Arrears $0 $7,392,890
Outstanding Portfolio $74,734 $93,612,730
Number of Loans Delinquent 0 18,512
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,324,683
Number of Ended Loans Defaulted 0 32,583
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 9.66% 0.62%
Amount of Refunded Loans $16,000 $5,912,425
Number of Refunded Loans 2 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 54.17% 75.25%
Average Loan Size $7,565 $400
Average Individual Loan Size $7,565 $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 $1,800 $5,889
Average Loan Size / GDP per capita (PPP) 420.25% 6.79%
Average Time to Fund a Loan 4.64 days 6.93 days
Average Dollars Raised Per Day Per Loan $1,628.86 $57.67
  Average Loan Term 10.29 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 494,959
  Journaling Rate 75.00% 41.50%
  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 23% APR N/A 26.03% PY
  Profitability (return on assets) 17.07% N/A -0.81%
  Average Loan Size (% of per capita income) N/A N/A 17.16%

Country Fast Facts

Field Partner Staff

Johnny Campo
Peggy Clark
Katie Drasser
Janice Joseph
Gina Rogari