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:
APROVAG is a farmer-run association in Senegal that provides financial services and technical advice to support farmers in the region of Tambacounda, the largest city in eastern Senegal. The association’s mission is to help farmers increase crop productivity in order to fight poverty. Through their program, they offer peer-to-peer technical support and have formed a credit union to provide farmers with access to credit and long-term savings accounts. To increase access to rural farmers, APROVAG has developed a “guichet” system where guichets, or small branches, are located throughout the region to collect loan information and repayments. The guichets reduce time and travel constraints common with rural communities.
A unique lending approach:
Loans funded on Kiva will enable farming communities to maintain their equipment, invest in quality inputs and generate a higher income. 
Since APROVAG specializes in agricultural loans, they have the expertise and loan structure to address the unique needs of farmers. Currently, they’re the only organization working in the region with flexible grace periods and bullet repayment schedules to address the seasonality of agricultural work. Grace periods and bullet repayments allow farmers to repay all at once when they receive an influx of income, usually at harvest time when they sell their crops.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 6, 2017 Oct 12, 2005
Total Loans $950 $974,373,275
Amount of raised Inactive loans $950 $467,200
Number of raised Inactive loans 5 226
Amount of Paying Back Loans $0 $146,999,875
Number of Paying Back Loans 0 183,418
Amount of Ended Loans $0 $826,906,200
Number of Ended Loans 0 1,039,590
Delinquency Rate 0.00% 8.26%
Amount in Arrears $0 $7,890,178
Outstanding Portfolio $0 $95,554,586
Number of Loans Delinquent 0 20,311
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,049
Number of Ended Loans Defaulted 0 33,034
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,428,499
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $5,967,400
Number of Refunded Loans 0 5,984

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.40%
Average Loan Size $190 $399
Average Individual Loan Size $190 $629
Average Group Loan Size $0 $1,759
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,300 $5,874
Average Loan Size / GDP per capita (PPP) 8.26% 6.79%
Average Time to Fund a Loan 0.13 days 6.9 days
Average Dollars Raised Per Day Per Loan $1,495.63 $57.75
  Average Loan Term 10.14 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 509,005
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 23.00% PY 26.13% PY
  Profitability (return on assets) 3.5% -0.1% -1.72%
  Average Loan Size (% of per capita income) N/A 46.00% 16.65%

Country Fast Facts

Field Partner Staff

Moussa Diaw