Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Maya is an officially registered Economic Enterprise founded and still under the umbrella of the Foundation for the Support of Women’s Work (FSWW), a Turkish NGO whose mission is to improve womens’ economic well-being and quality of life. From its belief in the power of grassroots solutions, and respect for womens’ own abilities to improve their situations in life, the FSWW founded began working in Microcredit in 1995. These efforts were interrupted by the Marmara earthquake in 1999, and Maya was finally established in 2002, in part to help women improve their circumstances in the wake of the disaster. 

Maya aims to communicate with every client one-on-one through the loan application, evaluation, approval and monitoring processes in order to provide loans quickly, easily and with minimal transactional costs. Maya loan officers come from the communities it serves, and aim to go beyond providing credit to help clients access support to confront personal issues, access buyers for their products, and more. 

Loan products

1.     Solidarity group loans:
-      Do not require collateral
-      Offered to groups of 3-10 women who know and trust each other.

2.       Individual loans
-      Require collateral
-      Offered to women who need larger loans, or who cannot form groups

3.       Emergency loans
-      Provided to existing clients who urgently need funds for such needs as health care, school fees, or maintenance for their home.

Maya currently serves its clients through a network of branch offices in Kocaeli, Eskisehir, Duzce, Sakarya, and Istanbul and is headquartered in Istanbul.

Foundation for the Support of Women’s Work's facebook page:

September 15, 2011

Kiva's new risk rating system, which now includes half stars, has enabled us to display Maya's risk rating with a higher level of granularity. As a result, Maya's risk rating will now be displayed as 1.5 stars instead of 2 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:

Maya has been informed of the change in the display of their rating on Kiva's website.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 12, 2011 Oct 12, 2005
Total Loans $338,575 $751,620,750
Amount of raised Inactive loans $0 $639,550
Number of raised Inactive loans 0 1,371
Amount of Paying Back Loans $114,575 $131,711,300
Number of Paying Back Loans 276 153,645
Amount of Ended Loans $224,000 $619,269,900
Number of Ended Loans 447 767,591
Delinquency Rate 0.00% 8.11%
Amount in Arrears $0 $6,902,151
Outstanding Portfolio $67,341 $85,129,649
Number of Loans Delinquent 0 23,047
Default Rate 0.25% (See Note) 1.26%
Amount of Ended Loans Defaulted $563 $7,793,859
Amount of Ended Loans $224,000 $619,269,900
Number of Ended Loans Defaulted 1 21,129
Currency Exchange Loss Rate 1.02% 0.33%
Amount of Currency Exchange Loss $3,448 $2,478,516
Refund Rate 0.00% 0.66%
Amount of Refunded Loans $0 $4,973,325
Number of Refunded Loans 0 5,474

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.49%
Average Loan Size $461 $416
Average Individual Loan Size $460 $649
Average Group Loan Size $1,705 $1,847
Average number of borrowers per group 3.2 7.9
Average GDP per capita (PPP) in local country $19,600 $5,949
Average Loan Size / GDP per capita (PPP) 2.35% 6.99%
Average Time to Fund a Loan 0.29 days 6.63 days
Average Dollars Raised Per Day Per Loan $1,578.43 $62.65
  Average Loan Term 7.52 months 10.84 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 412 370,802
  Journaling Rate 68.48% 41.20%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.00 1.49

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY N/A 31.04% PY
  Profitability (return on assets) -18.4% N/A -0.86%
  Average Loan Size (% of per capita income) 5.20% 4.00% 19.24%

Country Fast Facts

Field Partner Staff

Asu Aksoy
Senay Cevik
Didem Demircan