September 11, 2011
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
Kiva's new risk rating system, which now includes half stars, has enabled us to display BRAC Liberia's risk rating with a higher level of granularity. As a result, BRAC Liberia's risk rating will now be displayed as 2.5 stars instead of 3 stars. 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here:
BRAC Liberia has been informed of the change in the display of their rating on Kiva's website.

Overview of BRAC

BRAC is a development organization dedicated to alleviating poverty by empowering the poor to bring about change in their own lives. We started out in Bangladesh in 1972 and over the course of our evolution, we have established ourselves as a pioneer in recognizing and tackling the many different realities of poverty.

BRAC achieves large scale, rapid change by working with individuals, families, communities and institutions to overcome poverty. Our approach is comprehensive - with financial services, capacity building and livelihood development as well as health, education and social justice - enabling them to realize their potential.

BRAC launched operations in Liberia in 2008, incorporated BRAC Microfinance company in January 2009 and disbursed the first loans by June of the same year.

Microfinance Program - is designed to provide reliable access to cost effective financial services to poor and marginalized women.

Small Enterprise Program (SEP) - launched in 2010, this program is offered to individuals - male and female - and has the purpose of enabling owners to create new employment opportunities and provide new services. These entrepreneurs that would otherwise have limited access to the formal financial system - too large for microloans but with insufficient collateral for commercial banks.

Essential Healthcare Program (EHC) - launched in November of 2008 its goal is to improve health conditions and increase access to health services by providing basic health services. One member of each BRAC borrowing group is designated and trained as a Community Health Promoter who serves the needs of the community with particular attention to poor women and children.

Agriculture, Livestock & Poultry - with experience from Bangladesh, BRAC started the program in October 2008 with the objective of increasing agriculture productivity and reduce vulnerability of poor and marginalized farmers through technical support and high quality seed.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 5, 2011 Oct 12, 2005
Total Loans $1,753,225 $535,743,725
Amount of Raised Inactive Loans $0 $325,675
Number Of Raised Inactive Loans 0 364
Amount of Paying Back Loans $734,400 $108,847,475
Number Of Paying Back Loans 2,643 112,638
Amount of Ended Loans $1,018,825 $426,570,575
Number Of Ended Loans 3,158 548,146
Delinquency Rate 0.59% 3.61%
Amount In Arrears $2,338 $2,527,996
Outstanding Portfolio $398,373 $70,107,758
Number of Loans Delinquent 26 12,066
Default Rate 0.81% 1.02%
Amount of Ended Loans Defaulted $8,275 $4,346,140
Amount of Ended Loans $1,018,825 $426,570,575
Number Of Ended Loans Defaulted 27 14,095
Currency Exchange Loss Rate 0.20% 0.05%
Amount of Currency Exchange Loss $3,547 $294,028
Refund Rate 0.64% 0.82%
Amount of Refunded Loans $11,175 $4,415,650
Number Of Refunded Loans 18 4,862

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 97.61% 74.09%
Average Loan Size $303 $417
Average Individual Loan Size $303 $655
Average Group Loan Size $0 $1,810
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $500 $3,463
Average Loan Size / GDP Per Capita (PPP) 60.64% 12.04%
Average Time To Fund A Loan 1.85 days 5.27 days
Average Dollars Raised Per Day Per Loan $163.48 $79.14
  Average Loan Term 9.16 months 10.04 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 89 268,352
  Journaling Rate 2.65% 42.14%
  Average Number Of Comments Per Journal 0.02 0.09
  Average Number Of Recommendations Per Journal 0.01 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 46.70% 46.70% 34.93%
  Profitability (Return on Assets) -6.4% -6.4% -1.11%
  Average Loan Size (% of Per Capita Income) 63.40% 63.40% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Mohammed Abdus Salam
Kabir Ahmed
Robert K. Anderson
Ryan Cummings
Sadhan Dey
Billal Hossain
Kwi Kollie
Khaled Morshed
Jacquelin Nimely
Majedur Rahman