HOPE Ukraine
Ukraine
Partner Description:
September 11, 2011 Update
HOPE International, a Christian faith-based nonprofit organization, has been operating in Ukraine since 1997. HOPE Ukraine was the organization’s first international venture. Since its inception, over 30,000 loans have been distributed throughout the country. Known as Nadiya (“hope”) in Ukrainian, the microfinance institution maintains 16 branches in towns across the country. The central administrative office is located in Kiev.
In addition to its core microfinance activities, HOPE also supports an active children's ministry in Ukraine in the form of “Tomorrow Clubs,” after-school programs that teach children the gospel through games, skits and songs. HOPE also runs children’s camps throughout the summer to serve communities where there are few churches or other opportunities for ministry.
To learn more about HOPE Ukraine, visit its website or send an email to reception.nadezhda@gmail.com. For more about HOPE Ukraine’s parent organization HOPE International, visit HopeInternational.org.
September 11, 2011 Update
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.
The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise HOPE Ukraine's risk rating from 4 to 3 stars. The analysts have found that HOPE Ukraine's risk variables, reviewed in the new risk rating model, were most representative of a 3-Star rating.
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: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
HOPE Ukraine has been informed of our analysts’ findings and their corresponding change in rating.
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Dec 16, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $4,452,400 | $426,651,775 | |
| Amount of Raised Inactive Loans | $0 | $238,975 | |
| Number Of Raised Inactive Loans | 0 | 213 | |
| Amount of Paying Back Loans | $703,925 | $94,149,725 | |
| Number Of Paying Back Loans | 391 | 101,646 | |
| Amount of Ended Loans | $3,748,475 | $332,263,075 | |
| Number Of Ended Loans | 3,136 | 435,701 | |
| Delinquency Rate | 1.00% | 1.91% | |
| Amount In Arrears | $5,303 | $1,156,960 | |
| Outstanding Portfolio | $528,310 | $60,497,022 | |
| Number of Loans Delinquent | 14 | 9,042 | |
| Default Rate | 0.00% | 0.97% | |
| Amount of Ended Loans Defaulted | $0 | $3,220,059 | |
| Amount of Ended Loans | $3,748,475 | $332,263,075 | |
| Number Of Ended Loans Defaulted | 0 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.26% | 0.95% | |
| Amount of Refunded Loans | $11,650 | $4,068,925 | |
| Number Of Refunded Loans | 11 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 71.20% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $1,260 | $407 | |
| Average Individual Loan Size | $1,262 | $646 | |
| Average Group Loan Size | $842 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 2.3 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $8,000 | $3,345 | |
| Average Loan Size / GDP Per Capita (PPP) | 15.75% | 12.17% | |
| Average Time To Fund A Loan | 3.3 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $381.50 | $86.95 | |
| Average Loan Term | 7.32 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 1,516 | 203,779 | |
|---|---|---|---|
| Journaling Rate | 41.08% | 39.99% | |
| Average Number Of Comments Per Journal | 0.24 | 0.11 | |
| Average Number Of Recommendations Per Journal | 3.34 | 2.72 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 56.30% | 56.30% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 2% | 2% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 40.20% | 241.70% | 46.53% |
Country Fast Facts
Country Fast Facts- Country:
- Ukraine
- Capital:
- Kyiv (Kiev)
- Official Language:
- Ukrainian (official) 67%, Russian 24%, small Romanian-, Polish-, and Hungarian-speaking minorities
- Population:
- 46,710,816
- Avg Annual Income:
- $8,000
- Labor Force:
- agriculture: 24%, industry: 32%, services: 44%
- Population Below Poverty Line:
- 29%
- Literacy Rate:
- 99.7%
- Infant Mortality Rate (per 1000):
- 9.9 deaths deaths
- Life Expectancy:
- 69.98 years years
Field Partner Staff
Andre BarkovNadezhda Grinkevich
Olga Lutsenko
Paul Marty
Liz Myrick
Maxym Oliferovski
Jason Stout