Kiva conducts regular,ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:
Unreasonable Institute is a social enterprise accelerator that connects entrepreneurs with the resources and means to address major problems at scale. The goal of the Institute is to create scalable solutions and interventions that can be replicated.
The Institute’s accelerator programs range in length from 5 days to 5 weeks. They offer programs tailored by sector, with localized trainings and access to a large mentor network. Previously financed by a combination of grants and a flat fee charged to ventures, Unreasonable Institute now follows a revenue sharing scheme.

A unique lending approach:
As an accelerator, the Unreasonable Institute didn’t have a formal lending program until 2015, when they formed a partnership with Nike/Girl Effect to create a revolving loan fund for companies delivering resources to girls in poverty.
For loans funded on Kiva, the organization will select ventures that have graduated from one of the Unreasonable Institute accelerator programs. The loans will be used to help entrepreneurs increase impact, and must be used immediately for “productive assets,” or resources that will generate revenue. Examples include:  filling a working capital gap from the time a sale is closed and payment is received; hiring a new salesperson; or spending on proven marketing strategies that increase sales. The Unreasonable Institute expects its graduates to use this early capital to prove their worthiness for future, larger investments.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 12, 2016 Oct 12, 2005
Total Loans $70,100 $948,590,975
Amount of raised Inactive loans $30,000 $375,825
Number of raised Inactive loans 1 261
Amount of Paying Back Loans $40,100 $141,979,900
Number of Paying Back Loans 2 175,166
Amount of Ended Loans $0 $806,235,250
Number of Ended Loans 0 1,011,122
Delinquency Rate 11.09% 8.10%
Amount in Arrears $2,500 $7,468,353
Outstanding Portfolio $22,550 $92,214,717
Number of Loans Delinquent 1 18,720
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,312,347
Number of Ended Loans Defaulted 0 32,567
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 42.80% 0.62%
Amount of Refunded Loans $30,000 $5,911,700
Number of Refunded Loans 1 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.00% 75.25%
Average Loan Size $25,025 $400
Average Individual Loan Size $25,025 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $54,800 $5,889
Average Loan Size / GDP per capita (PPP) 45.67% 6.79%
Average Time to Fund a Loan 14.67 days 6.92 days
Average Dollars Raised Per Day Per Loan $1,706.07 $57.76
  Average Loan Term 12.6 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3 494,507
  Journaling Rate 0.00% 41.49%
  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 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 4% APR N/A 26.05% PY
  Profitability (return on assets) -20.6% N/A -0.82%
  Average Loan Size (% of per capita income) N/A N/A 17.16%

Country Fast Facts

Field Partner Staff

Sara Rodriguez