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.

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 $592,679,350
Amount of raised Inactive loans $0 $777,500
Number of raised Inactive loans 0 601
Amount of Paying Back Loans $628,525 $116,741,200
Number of Paying Back Loans 2,343 123,958
Amount of Ended Loans $1,358,925 $475,160,650
Number of Ended Loans 4,343 602,990
Delinquency Rate 1.19% 3.97%
Amount in Arrears $3,790 $2,990,527
Outstanding Portfolio $318,097 $75,270,121
Number of loanDelinquent 674 11,920
Default Rate 0.62% 1.12%
Amount of Ended Loans Defaulted $8,421 $5,344,932
Amount of Ended Loans $1,358,925 $475,160,650
Number of Ended Loans Defaulted 30 16,810
Currency Exchange Loss Rate 0.37% 0.09%
Amount of Currency Exchange Loss $7,349 $538,749
Refund Rate 0.56% 0.77%
Amount of Refunded Loans $11,175 $4,537,625
Number of Refunded Loans 18 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 97.78% 74.19%
Average Loan Size $298 $418
Average Individual Loan Size $298 $656
Average Group Loan Size $0 $1,828
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $500 $3,430
Average Loan Size / GDP per capita (PPP) 59.62% 12.19%
Average Time to Fund a Loan 2.08 days 5.61 days
Average Dollars Raised Per Day Per Loan $143.50 $74.58
  Average Loan Term 9.28 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 93 296,500
  Journaling Rate 1.91% 42.37%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 0.01 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 49% PY 57.00% PY 33.27% PY
  Profitability (return on assets) -11.6% -2.6% -1.45%
  Average Loan Size (% of per capita income) 63.40% 34.00% 40.88%

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