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

Partner Description:
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.

A Note on HOPE Ukraine’s Portfolio Yield:
 
We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.
 
For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.
 
We seek to support loans that don’t impose an unjustifiable cost burden on hardworking borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale.
 
Factors that drive up the costs that this partner organization charges its borrowers include:

     • They operate in Ukraine, which is a conflict-affected region. This can greatly increase the cost of safely delivering financial services to borrowers.
     • They’re based in an area with a high cost of living and doing business. This is often due to the high demand and low supply of adequate housing and goods.
     • They work extensively in rural areas, which requires their employees to engage in costly travel to find and serve their clients.
     • They operate in a market where microfinance is highly underdeveloped. This means that finding, training and maintaining qualified staff is more expensive and difficult than in more-developed markets.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2006 Oct 12, 2005
Total Loans $5,581,500 $625,499,400
Amount of raised Inactive loans $0 $397,125
Number of raised Inactive loans 0 334
Amount of Paying Back Loans $736,700 $120,621,050
Number of Paying Back Loans 354 132,551
Amount of Ended Loans $4,844,800 $504,481,225
Number of Ended Loans 3,725 634,883
Delinquency Rate 0.68% 4.66%
Amount in Arrears $3,448 $3,619,396
Outstanding Portfolio $508,086 $77,690,214
Number of loanDelinquent 8 17,035
Default Rate 0.05% 1.11%
Amount of Ended Loans Defaulted $2,300 $5,607,074
Amount of Ended Loans $4,844,800 $504,481,225
Number of Ended Loans Defaulted 6 17,325
Currency Exchange Loss Rate 2.31% 0.11%
Amount of Currency Exchange Loss $129,144 $679,982
Refund Rate 0.25% 0.73%
Amount of Refunded Loans $14,175 $4,592,300
Number of Refunded Loans 12 5,127

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 69.88% 74.18%
Average Loan Size $1,366 $418
Average Individual Loan Size $1,368 $654
Average Group Loan Size $842 $1,837
Average number of borrowers per group 2.3 8
Average GDP per capita (PPP) in local country $8,000 $3,409
Average Loan Size / GDP per capita (PPP) 17.08% 12.27%
Average Time to Fund a Loan 4.41 days 5.8 days
Average Dollars Raised Per Day Per Loan $310.20 $72.17
  Average Loan Term 8.49 months 10.52 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,785 313,681
  Journaling Rate 40.66% 42.14%
  Average Number of Comments Per Journal 0.21 0.07
  Average Number of Recommendations Per Journal 2.84 1.77

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 54% PY 41.00% PY 33.35% PY
  Profitability (return on assets) 6.7% 1.1% -1.49%
  Average Loan Size (% of per capita income) 40.20% 46.00% 38.01%

Country Fast Facts

Field Partner Staff

Andre Barkov
Nadezhda Grinkevich
Olga Lutsenko
Paul Marty
Liz Myrick
Maxym Oliferovski