Status Update—March 19, 2014
The majority of ACM’s borrowers live and work in the now-disputed Crimean peninsula region. Due to the political and economic instability in the Crimea, ACM's clients are facing challenges that may make it difficult to repay their loans at this time. Kiva has paused its funding for now, but hopes to continue to support ACM’s much-needed development efforts in the future. Kiva has been in close contact with ACM and its other partner in the Ukraine, and we remain concerned about the safety and well-being of staff and clients affected by recent events.

Partner Description:

Agro Capital Management (ACM) is an organization that connects Ukrainian farmers with local agricultural goods suppliers to provide them with the resources they need to improve crop yields and increase their revenue. In particular, ACM expands access to affordable agricultural technology so that entrepreneurs can further develop their small businesses, create jobs, and improve the quality of life for their families and communities.

ACM works on a lease-to-own model, allowing farmers to install and begin using the equipment and goods they buy before paying in full. The organization purchases these supplies before selling them to farmers on a payment plan. These contracts are broken up into suitable monthly payments to optimize farmers' ability to pay, and all products are supplied by local agricultural businesses that cater to their specific needs. In its first two years alone, ACM signed 536 contracts, supporting the planting of 84 hectares of grape seedlings, the creation of 22,000 square meters of greenhouse space, the installation of 2,300 tons of cold storage, and the purchase of over USD$1 million of locally-sold goods.

In addition to supplies, ACM's clients receive technical training and assistance from the Ukraine Horticultural Development Project, an organization created by the Mennonite Economic Development Associates in Canada that helps farmers overcome economic and market-based challenges in rural Ukraine. To cover costs, ACM charges farmers a small service fee. The amount of Kiva loans listed covers both the costs of the agricultural goods and the associated service fees.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 23, 2012 Oct 12, 2005
Total Loans $336,725 $641,963,400
Amount of raised Inactive loans $0 $843,250
Number of raised Inactive loans 0 754
Amount of Paying Back Loans $51,925 $124,204,975
Number of Paying Back Loans 21 136,993
Amount of Ended Loans $284,800 $516,915,175
Number of Ended Loans 107 647,903
Delinquency Rate 56.76% 4.92%
Amount in Arrears $11,606 $3,977,536
Outstanding Portfolio $20,449 $80,920,708
Number of loanDelinquent 13 15,786
Default Rate 20.80% 1.10%
Amount of Ended Loans Defaulted $59,239 $5,692,432
Amount of Ended Loans $284,800 $516,915,175
Number of Ended Loans Defaulted 33 17,485
Currency Exchange Loss Rate 2.18% 0.12%
Amount of Currency Exchange Loss $7,336 $783,507
Refund Rate 1.45% 0.72%
Amount of Refunded Loans $4,875 $4,604,350
Number of Refunded Loans 1 5,141

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.09% 74.16%
Average Loan Size $2,648 $418
Average Individual Loan Size $2,648 $655
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $8,000 $3,405
Average Loan Size / GDP per capita (PPP) 33.10% 12.26%
Average Time to Fund a Loan 8.33 days 5.94 days
Average Dollars Raised Per Day Per Loan $317.83 $70.34
  Average Loan Term 17.22 months 10.58 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 7 319,705
  Journaling Rate 6.03% 42.09%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.73

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 44% APR 41.00% PY 33.35% PY
  Profitability (return on assets) 1.6% 1.1% -1.49%
  Average Loan Size (% of per capita income) N/A 46.00% 38.01%

Country Fast Facts

Field Partner Staff

Slava Falko
Amie McPhee
Oleg Osaulyuk
Elena Perevertaylo
Tamila Shabanova