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 $50,900 $938,733,525
Amount of raised Inactive loans $12,375 $507,775
Number of raised Inactive loans 18 467
Amount of Paying Back Loans $37,675 $144,042,825
Number of Paying Back Loans 62 176,404
Amount of Ended Loans $850 $794,182,925
Number of Ended Loans 2 994,953
Delinquency Rate 1.39% 7.87%
Amount in Arrears $338 $7,432,587
Outstanding Portfolio $24,327 $94,487,939
Number of Loans Delinquent 4 19,266
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 1.38% 0.63%
Amount of Refunded Loans $700 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 59.80% 75.19%
Average Loan Size $622 $401
Average Individual Loan Size $622 $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 $11,100 $5,897
Average Loan Size / GDP per capita (PPP) 5.60% 6.80%
Average Time to Fund a Loan 13.76 days 6.93 days
Average Dollars Raised Per Day Per Loan $45.18 $57.88
  Average Loan Term 19.07 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 17 486,797
  Journaling Rate 66.67% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 32.00% PY 25.92% PY
  Profitability (return on assets) N/A 5.1% -0.29%
  Average Loan Size (% of per capita income) N/A 23.00% 17.68%

Country Fast Facts

Field Partner Staff

NELLY BELARMINA ESTUPIÑÁN ESTUPIÑÁN