Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.
BRAC Liberia operates in Liberia, one of the countries in West Africa currently experiencing an Ebola outbreak. This epidemic is the largest in history, claiming thousands of lives and having a deep impact on the national economy. BRAC Liberia has temporarily stopped funding on Kiva as they respond to this crisis. Learn more about the epidemic here.
Kiva has allowed BRAC Liberia a 4-month grace period for repayments until the end of 2014, at which time we will reevaluate the situation. The Kiva team is in regular communication with BRAC Liberia and will provide an update when they resume funding on Kiva.

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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 5, 2011 Oct 12, 2005
Total Loans $1,987,450 $654,820,650
Amount of raised Inactive loans $0 $217,250
Number of raised Inactive loans 0 169
Amount of Paying Back Loans $628,525 $127,821,975
Number of Paying Back Loans 2,343 140,970
Amount of Ended Loans $1,358,925 $526,781,425
Number of Ended Loans 4,343 659,277
Delinquency Rate 91.85% 6.59%
Amount in Arrears $292,184 $5,487,929
Outstanding Portfolio $318,097 $83,299,845
Number of Loans Delinquent 2,343 24,006
Default Rate 0.62% 1.11%
Amount of Ended Loans Defaulted $8,421 $5,866,301
Amount of Ended Loans $1,358,925 $526,781,425
Number of Ended Loans Defaulted 30 17,636
Currency Exchange Loss Rate 0.40% 0.14%
Amount of Currency Exchange Loss $8,035 $895,125
Refund Rate 0.56% 0.71%
Amount of Refunded Loans $11,175 $4,640,300
Number of Refunded Loans 18 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 97.78% 74.20%
Average Loan Size $298 $417
Average Individual Loan Size $298 $655
Average Group Loan Size $0 $1,843
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $500 $3,395
Average Loan Size / GDP per capita (PPP) 59.62% 12.29%
Average Time to Fund a Loan 2.08 days 6.02 days
Average Dollars Raised Per Day Per Loan $143.50 $69.29
  Average Loan Term 9.28 months 10.61 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 93 324,579
  Journaling Rate 1.43% 41.86%
  Average Number of Comments Per Journal 0.02 0.07
  Average Number of Recommendations Per Journal 0.01 1.71

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 39% PY 57.00% PY 33.02% PY
  Profitability (return on assets) -10.2% -2.6% -0.68%
  Average Loan Size (% of per capita income) 63.40% 34.00% 36.66%

Country 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
Pauline Tuazama