Help us reach $600,000 by December 31!
$49,997

Dear Kiva Lender,

Kiva facilitates loans to more than 4,000 borrowers every week, but since Kiva doesn't take a fee on your loans we rely on donations from lenders like you to keep doing this important work. If every Kiva lender seeing this banner pitched in $20 for our Donation Drive, we'd hit our goal of $600,000 by Dec 31! Thanks for your continuing partnership in making the world a fairer place.

In service, Premal Shah, President, Kiva.org

Partner Description:

Frogtek is a for-profit social venture that makes mobile software for micro-entrepreneurs in emerging markets to better manage their finances, inventories and records. The system helps these businesses optimize profits by trimming expenses, stocking the right inventory, and more, such as providing them with a bank account.

Many micro-retailers in Frogtek’s target markets (today, Mexico and Colombia) lack financial literacy and fail to keep accounting records of expenses and sales. As a result, they remain at the subsistence level, barely making enough profit to care for themselves and their families.

Today, nearly 100 shops in each country are using Frogtek software on a tablet or smart phone. Many of these devices were purchased on credit, including some from Frogtek. The cost of the recommended hardware is such that the majority of micro-retailers can’t afford it upfront. Kiva loans would help finance purchase of these devices, allowing borrowers to use Frogtek’s software and optimize their businesses.

Frogtek’s principal software package, called Tiendatek, offers a bank account and insurance, and keeps track of expenses, income, product performance and more on a point-of-sale basis that is user-friendly and easy to learn.

Kiva loans will help micro-entrepreneurs buy a hardware package comprised of an Android tablet, wireless barcode reader, credit card reader, and printer. Loans will be offered at 0% interest with monthly repayments spread out over two years.

For its efforts to help micro-entrepreneurs grow their businesses and lift themselves out of poverty, Frogtek has received a number of awards, including Vodafone’s 2011 Mobile Clicks Best Start-up Awards, the World Economic Forum’s Young Global Leader Awards, and Columbia Business School’s Alumni Innovator Award.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 3, 2012 Oct 12, 2005
Total Loans $1,725 $623,429,475
Amount of raised Inactive loans $0 $397,000
Number of raised Inactive loans 0 344
Amount of Paying Back Loans $0 $120,374,175
Number of Paying Back Loans 0 131,480
Amount of Ended Loans $1,725 $502,658,300
Number of Ended Loans 6 633,553
Delinquency Rate 0.00% 4.89%
Amount in Arrears $0 $3,785,980
Outstanding Portfolio $0 $77,436,530
Number of loanDelinquent 0 17,993
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $5,608,844
Amount of Ended Loans $1,725 $502,658,300
Number of Ended Loans Defaulted 0 17,329
Currency Exchange Loss Rate 0.00% 0.11%
Amount of Currency Exchange Loss $0 $679,886
Refund Rate 34.78% 0.74%
Amount of Refunded Loans $600 $4,587,900
Number of Refunded Loans 3 5,125

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 44.44% 74.18%
Average Loan Size $258 $418
Average Individual Loan Size $258 $654
Average Group Loan Size $0 $1,836
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,249 $3,409
Average Loan Size / GDP per capita (PPP) 2.30% 12.27%
Average Time to Fund a Loan 0.45 days 5.79 days
Average Dollars Raised Per Day Per Loan $570.85 $72.32
  Average Loan Term 15.56 months 10.51 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 312,728
  Journaling Rate 16.67% 42.15%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.77

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 74.00% PY 33.35% PY
  Profitability (return on assets) N/A 1% -1.49%
  Average Loan Size (% of per capita income) N/A 4.00% 38.01%

Country Fast Facts

Field Partner Staff

Daphne Leger
Mark Pedersen
Arlette Vigueras