Status update April 24, 2014-

Kiva and VisionFund Indonesia have ended their partnership after nearly three years and more than $290,000 in loans. This is due to VisionFund Indonesia closing its doors as an organization. 
 
We thank VisionFund Indonesia for their years of collaboration and hard work.

Partner description:

VisionFund Indonesia is a Christian micro venture capital organization owned by Mitra Masyarakat Sejahtera (MMS) and Wahana Visi Indonesia.  The organization has been involved in microfinancing activities since 2000 under MMS. In 2010, VisionFund Indonesia was set up as the legal structure for implementing microfinance.

VisionFund Indonesia operates in Indonesia, which has a huge untapped market. Of 42 million microbusinesses in Indonesia, only 16 million have been served by MFIs so far. As of September 30th, 2011, VisionFund Indonesia currently is serving more than 8,500 customers through 9 branches in Jakarta and Surabaya, and aspires to grow the businesses rapidly but in a sustainable manner.

VisionFund Indonesia’s main target are the entrepreneurial poor who have existing microbusinesses for at least 6 months and have no financial access to commercial banks. VisionFund Indonesia provides microloans (ranging from US$50 - $600) through solidarity groups consisting of 5-10 poor business people, with no physical collateral, payable in 6-12 months with repayment frequency of weekly, biweekly or monthly.  Loan officers typically collect the repayments during meetings. VisionFund Indonesia also offers individual loans. VisionFund Indonesia provides microinsurance for all clients through a partnership with Allianz insurance company.

By providing better alternatives to access credit and microinsurance, VisionFund Indonesia has helped transform the lives of many families. VisionFund Indonesia collaborates with World Vision Indonesia by striving to build client capacity through business management modules, financial literacy, and values trainings, which promote personal development. VisionFund Indonesia operates with the understanding that by equipping clients with knowledge, in addition to capital, clients will have the tools to sustain and, eventually, grow their businesses.  VisionFund Indonesia primarily serves women, under the notion that as women are able to achieve higher incomes, they will directly invest to improve their family’s quality of life, and they will instill good values in their children.  VisionFund Indonesia continues to explore methods to increase outreach to people in impoverished regions.

Vision: “Our vision for every child, life in all its fullness; Our prayer for every heart, The will to make it so". 

Mission: “Providing financial services to empower the enterprising poor to liberate their families from poverty in the communities where World Vision works.”


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 27, 2011 Oct 12, 2005
Total Loans $294,550 $575,708,700
Amount of raised Inactive loans $0 $290,425
Number of raised Inactive loans 0 271
Amount of Paying Back Loans $0 $119,727,775
Number of Paying Back Loans 0 125,910
Amount of Ended Loans $294,550 $455,690,500
Number of Ended Loans 285 580,665
Delinquency Rate 0.00% 3.38%
Amount in Arrears $0 $2,670,459
Outstanding Portfolio $0 $78,966,332
Number of loanDelinquent 0 11,306
Default Rate 6.68% 1.09%
Amount of Ended Loans Defaulted $19,667 $4,974,260
Amount of Ended Loans $294,550 $455,690,500
Number of Ended Loans Defaulted 48 15,329
Currency Exchange Loss Rate 0.80% 0.07%
Amount of Currency Exchange Loss $2,362 $406,266
Refund Rate 0.55% 0.78%
Amount of Refunded Loans $1,625 $4,479,350
Number of Refunded Loans 2 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.18% 74.23%
Average Loan Size $189 $419
Average Individual Loan Size $548 $656
Average Group Loan Size $1,070 $1,825
Average number of borrowers per group 5.8 8
Average GDP per capita (PPP) in local country $4,458 $3,440
Average Loan Size / GDP per capita (PPP) 4.25% 12.17%
Average Time to Fund a Loan 2.62 days 5.52 days
Average Dollars Raised Per Day Per Loan $72.34 $75.88
  Average Loan Term 8.22 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 73 286,543
  Journaling Rate 25.61% 42.42%
  Average Number of Comments Per Journal 0.01 0.08
  Average Number of Recommendations Per Journal 0.01 1.93

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 40.00% 33.66%
  Profitability (return on assets) N/A 1.8% -1.40%
  Average Loan Size (% of per capita income) 4.00% 23.00% 41.35%

Country Fast Facts

Field Partner Staff

Dewi Aloina
Elsa Beatrix
Lea Danikasih
Irene Fung
Widi Gratiano
Ellyne Hutajulu
Joko Purwoadi
Daniel Resner
Valentine Siagian