Kraban Support Foundation (KSF)
Status Update — September 2, 2009
The partnership with Kraban Support Foundation (KSF) was paused in mid-2007 after Kiva discovered irregularities in the application of Kiva policies by the partner. Subsequently, KSF failed to make on-time repayments to Kiva lenders, and a new repayment plan was agreed upon. The repayment plan spanned from September 2007 to March 2009 with monthly installments. However, starting in November 2008, KSF became delinquent on an amount of $95,405. Kiva explored legal remedies in Ghana with regard to collection of these funds but determined that legal action to force repayment had a very low likelihood of success. Therefore, at year-end 2009 all of the remaining loans made by lenders to entrepreneurs served by this Lending Partner were fully refunded by Kiva and the partner account was set to closed.
Partner description:
Kraban Support Foundation (KSF) is a local development-oriented NGO with the aim of eradicating rural poverty through community education. The organization deeply shares a philosophy of commitment to help fight poverty by facilitating improved quality of human life in the communities in which they operate in Ghana.
Their mission is to develop innovative strategies and programs that enhance the capacity and productivity of vulnerable groups in their target deprived communities. Kraban Support Foundation\'s ultimate aim is to operate to enhance the access of small-scale entrepreneurs to sustainable financial services. The organization accomplishes this through strong and viable Cooperative Savings and Credit Societies (CSCS). The NGO facilitates savings-deposits and offers small-scale loans in addition to business development services in a cost effective and sustainable manner.
To provide lending, Kraban retails credit to clients in a linkage banking arrangement. However, the responsibility for loan appraisal and approval, entering into loan agreements, disbursement and loan recovery solely rest with their organization. Kraban sensitizes community-based groups through its Training, Education and Credit for Health (TEACH) methodology.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 7, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $502,200 | $1,958,960,270 | |
| Amount of raised Inactive loans | $0 | $198,810 | |
| Number of raised Inactive loans | 0 | 174 | |
| Amount of Paying Back Loans | $0 | $161,515,145 | |
| Number of Paying Back Loans | 0 | 189,106 | |
| Amount of Ended Loans | $502,200 | $1,768,242,580 | |
| Number of Ended Loans | 598 | 2,370,068 | |
| Delinquency Rate | 0.00% | 12.15% | |
| Amount in Arrears | $0 | $12,196,492 | |
| Outstanding Portfolio | $0 | $100,379,645 | |
| Number of Loans Delinquent | 0 | 72,762 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $32,307,398 | |
| Number of Ended Loans Defaulted | 0 | 84,791 | |
| Currency Exchange Loss Rate | 0.00% | 0.50% | |
| Amount of Currency Exchange Loss | $0 | $11,998,745 | |
| Refund Rate | 0.38% | 0.54% | |
| Amount of Refunded Loans | $1,925 | $10,526,300 | |
| Number of Refunded Loans | 2 | 9,596 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 95.17% | 78.24% | |
|---|---|---|---|
| Average Loan Size | $840 | $392 | |
| Average Individual Loan Size | $840 | $589 | |
| Average Group Loan Size | $0 | $1,891 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $3,500 | $5,599 | |
| Average Loan Size / GDP per capita (PPP) | 24.01% | 7.00% | |
| Average Time to Fund a Loan | 1.07 days | 8.93 days | |
| Average Dollars Raised Per Day Per Loan | $787.24 | $43.86 | |
| Average Loan Term | 9.13 months | 11.47 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 187 | 1,178,680 | |
|---|---|---|---|
| Journaling Rate | 28.60% | 42.25% | |
| Average Number of Comments Per Journal | 1.75 | 0.02 | |
| Average Number of Recommendations Per Journal | 4.05 | 0.57 |
Borrowing Cost Comparison (based on 2009 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | 53.00% PY | 27.02% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | 0.3% | -3.10% | |
| Average Loan Size (% of per capita income) | N/A | 13.00% | 0.00% |
Country Fast Facts
- Country:
- Ghana
- Capital:
- Accra
- Official Language:
- Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%
- Population:
- 25,758,108
- Avg Annual Income:
- $3,500
- Labor Force:
- agriculture: 56%, industry: 15%, services: 29%
- Population Below Poverty Line:
- 28.50%
- Literacy Rate:
- 71.50%
- Infant Mortality Rate (per 1000):
- 38.52 deaths
- Life Expectancy:
- 65.75 years