Partner Description:

Asociación ONG Avansar is a small non-profit microfinance institution focused on addressing the lack of financial services in rural eastern Colombia. In addition to providing loans to those in need of credit, Avansar offers technical assistance that includes financial education and business training to maximize productivity and competitiveness. Avansar is also involved in the administration of large scale projects such as road construction and infrastructure maintenance contracted by both public and private institutions.

 

Unique Lending Approach:

Avansar’s unique lending approach focuses on borrowers with no credit history. Loans fundraised on Kiva carry a reduced interest rate, flexible repayment options, and are accompanied by financial education. In addition to meeting poverty level qualifications, only clients that have never had a loan before will be offered the Kiva loan product.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 4, 2016 Oct 12, 2005
Total Loans $71,675 $987,730,800
Amount of raised Inactive loans $5,975 $446,250
Number of raised Inactive loans 8 277
Amount of Paying Back Loans $59,675 $148,450,800
Number of Paying Back Loans 93 188,052
Amount of Ended Loans $6,025 $838,833,750
Number of Ended Loans 10 1,054,293
Delinquency Rate 1.13% 8.25%
Amount in Arrears $481 $7,966,583
Outstanding Portfolio $42,748 $96,545,717
Number of Loans Delinquent 4 19,913
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,710,216
Number of Ended Loans Defaulted 0 33,666
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,452,988
Refund Rate 0.98% 0.61%
Amount of Refunded Loans $700 $5,979,100
Number of Refunded Loans 1 5,999

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 64.89% 75.46%
Average Loan Size $646 $398
Average Individual Loan Size $646 $628
Average Group Loan Size $0 $1,758
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $11,100 $5,873
Average Loan Size / GDP per capita (PPP) 5.82% 6.78%
Average Time to Fund a Loan 14.11 days 6.92 days
Average Dollars Raised Per Day Per Loan $45.79 $57.60
  Average Loan Term 19.21 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 18 515,017
  Journaling Rate 44.40% 41.30%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.15

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 32.00% PY 26.15% PY
  Profitability (return on assets) N/A 5.1% -1.23%
  Average Loan Size (% of per capita income) N/A 23.00% 16.60%

Country Fast Facts

Field Partner Staff

NELLY BELARMINA ESTUPIÑÁN ESTUPIÑÁN