Update from Kiva

REDC was acquired by another Kiva partner, Mikrofond EAD in Bulgaria.

Original description

REGIONALEN CENTAR ZA IKONOMICHESKO RAZVITIE This organization currently focuses its efforts in and around Sliven, Bulgaria. REDC Bulgaria can be contacted directly at redc@sliven.net. Listen to an interview with Greg Kelly, a volunteer working with REDC, here www.kivapodcast.com/index.php?post_id=184560.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 15, 2006 Oct 12, 2005
Total Loans $36,700 $536,584,175
Amount of Raised Inactive Loans $0 $240,350
Number Of Raised Inactive Loans 0 240
Amount of Paying Back Loans $0 $108,976,300
Number Of Paying Back Loans 0 112,332
Amount of Ended Loans $36,700 $427,367,525
Number Of Ended Loans 37 549,352
Delinquency Rate 0.00% 3.52%
Amount In Arrears $0 $2,470,527
Outstanding Portfolio $0 $70,115,648
Number of Loans Delinquent 0 10,959
Default Rate 14.46% 1.01%
Amount of Ended Loans Defaulted $5,305 $4,335,486
Amount of Ended Loans $36,700 $427,367,525
Number Of Ended Loans Defaulted 6 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 2.72% 0.82%
Amount of Refunded Loans $1,000 $4,417,000
Number Of Refunded Loans 1 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 34.21% 74.09%
Average Loan Size $992 $417
Average Individual Loan Size $992 $656
Average Group Loan Size $0 $1,811
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $10,844 $3,463
Average Loan Size / GDP Per Capita (PPP) 9.15% 12.04%
Average Time To Fund A Loan 14.03 days 5.27 days
Average Dollars Raised Per Day Per Loan $70.74 $79.06
  Average Loan Term 14.58 months 10.04 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 66 268,469
  Journaling Rate 70.27% 42.12%
  Average Number Of Comments Per Journal 1.68 0.09
  Average Number Of Recommendations Per Journal 4.35 2.06

Kiva HelpBorrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield N/A N/A 34.93%
  Profitability (Return on Assets) N/A N/A -1.11%
  Average Loan Size (% of Per Capita Income) N/A 62.84% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Stefka Fandakova
Julietta Nikolova
Nikolay Sidjimov
Jason Smith
Margarita Stefanova
Radostina Yordanova