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:

Fresno Community Development Financial Institution (Fresno CDFI) provides affordable financing, training and technical assistance to individuals, small businesses and community facilities in Fresno, California. The organization offers loans up to $250,000 to help businesses increase working capital and purchase new equipment.

Founded in 2007 by a community action agency called Fresno Economic Opportunities Commission (EOC), it focuses on low- and moderate-income groups. To date, these two organizations have issued over 300 loans totaling over $7.8 million to improve their clients’ quality of life.

Kiva lenders’ funds are used to expand Fresno CDFI’s microenterprise loan fund with a focus on loans under $10,000. This is of particular importance to Fresno CDFI because it was initially created with the intention of serving borrowers in need of smaller loans.  

Fresno CDFI’s Impact:

Fresno CDFI loan offerings include refugee microenterprise loans, enterprise development loans, community facility loans, employee emergency loans and more. The organization’s loan products are designed to match the needs and of the clients considering their affordability. For example, the refugee microenterprise loan is specifically designed for refugees with weak or no credit history, who may lack sufficient collateral. Enterprise and Community Development loans provide up to $250,000 designed for micro enterprises to expand their business.

In addition, the organization provides specialized business development accounts, technology training and business development training that include a corporate turnaround toolkit to help business evaluate and restructure debt.

Since 2009, Fresno CDFI has continuously expanded its loan products and technical assistance in order to meet the needs of its members. To date, Fresno CDFI has deployed 240 commercial loans totaling over $6.7 million to micro- and small-businesses throughout the San Joaquin Valley. These loans ranged from $1,600 to $250,000 and targeted low- to moderate-income entrepreneurs.

User-added image

A business owner who used a loan from Fresno CDFI to expand her inventory and hire a part-time employee.

Working with CAMEO:

Fresno CDFI has partnered with Kiva and CAMEO (California Association for Microenterprise Opportunity) to promote microlending in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva.

About CAMEO:

CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network. CAMEO believes a strong local entrepreneurial climate builds wealth and develops strong California communities.

CAMEO’s member organizations, a network of 55 training and 35 lending institutions, provide entrepreneurs with small and micro-business financing, asset-building programs, business technical assistance and business management training. In 2011, CAMEO members served 21,000 very small businesses with training, business and credit assistance and loans. These firms -- largely start-ups with less than five employees -- supported or created 37,000 new jobs in California.

CAMEO considers itself the voice of micro-business in California and nationally to promote the economic impacts of micro-business and self-employment. CAMEO serves to expand resources and build the capacity of its member organizations to increase business assistance and lending to underserved communities.

The CAMEO-Kiva collaboration brings new resources, investors and loan capital into the California micro sector and promotes best practices among microlenders by demanding high standards along with training. The Kiva brand will bring more attention to the economic impact of micro-business. As the largest network of microlenders in California, CAMEO is pleased to partner with Kiva to expand microlending in California.




Image courtesy of Fresno CDFI.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 13, 2012 Oct 12, 2005
Total Loans $70,600 $615,272,575
Amount of raised Inactive loans $0 $387,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $54,500 $120,891,375
Number of Paying Back Loans 10 130,382
Amount of Ended Loans $16,100 $493,993,800
Number of Ended Loans 3 623,966
Delinquency Rate 9.88% 4.42%
Amount in Arrears $3,468 $3,437,053
Outstanding Portfolio $35,093 $77,771,138
Number of loanDelinquent 10 16,218
Default Rate 0.00% 1.09%
Amount of Ended Loans Defaulted $0 $5,399,198
Amount of Ended Loans $16,100 $493,993,800
Number of Ended Loans Defaulted 0 16,856
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 2.83% 0.74%
Amount of Refunded Loans $2,000 $4,567,000
Number of Refunded Loans 1 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 35.71% 74.23%
Average Loan Size $5,186 $419
Average Individual Loan Size $5,186 $655
Average Group Loan Size $0 $1,835
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $47,000 $3,415
Average Loan Size / GDP per capita (PPP) 11.03% 12.26%
Average Time to Fund a Loan 14.97 days 5.74 days
Average Dollars Raised Per Day Per Loan $346.31 $72.91
  Average Loan Term 28.93 months 10.45 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 307,487
  Journaling Rate 0.00% 42.28%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 1.00 1.80

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 7% PY N/A 33.15% PY
  Profitability (return on assets) N/A N/A -1.29%
  Average Loan Size (% of per capita income) N/A N/A 38.08%

Country Fast Facts

Field Partner Staff

Susan Brown
Andrew Cole
Aaron Hill
Jeremy Hofer
Blong Lee
Ana Medina
Hamid Salahi
Maishing Xiong