Last updated June 24, 2013

Partner Description:

Co-founded by Nobel Prize laureate Muhammad Yunus, Yunus Social Business (YSB) is the international implementation arm for social business, headquartered in Frankfurt, Germany. YSB's main activity involves setting up Social Business Incubator Funds in developing countries to kickstart social business entrepreneurship.

An Incubator Fund consists of an incubator, which searches for social business entrepreneurs, trains them, helps them improve their business plans, and provides post-investment support; and a fund, which provides debt and equity financing to these social businesses. YSB currently operates in Haiti, Albania, Tunisia, Uganda, Colombia, Brazil, and India. 

YSB’s major goals are to:

1) Create livelihoods and employment opportunities in vulnerable and underserved communities by supporting market-orientated and self-sustainable social businesses that are designed to address a pressing social need.

2) Provide financing and incubation services to social businesses through the Social Business Incubator Funds model.

3) Address pressing social, economic and environmental problems faced by the community by providing a means for the local people to help themselves.

A Social Business is a company created for social benefit rather than private profit. Like an NGO, it has a social or environmental mission, but like a business, it generates its own revenues to cover its costs. Investors may recoup their initial investment, but all further profits are reinvested for growth and innovation, or to seed new social business ventures. After creating more than 40 successful social businesses in Bangladesh, Professor Yunus set up YSB in order to introduce the concept of social business around the world.

Together, Kiva and YSB will focus on providing loans for social businesses. Businesses that help provide employment opportunities to young people, encourage entrepreneurship, empower women, and stimulate economic activity outside of urban areas are prioritized.

YSB is raising funds for its social businesses on Kiva. Because large amounts of credit are required, some social business loans will be raised only partially on Kiva, with the rest of the money coming from other investors in YSB.

Support YSB and its borrowers by joining the YSB lending team today!



 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 16, 2013 Oct 12, 2005
Total Loans $173,900 $582,580,825
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 380
Amount of Paying Back Loans $173,900 $116,748,000
Number of Paying Back Loans 3 123,118
Amount of Ended Loans $0 $465,440,600
Number of Ended Loans 0 591,914
Delinquency Rate 0.00% 3.75%
Amount in Arrears $0 $2,842,426
Outstanding Portfolio $173,900 $75,775,764
Number of loanDelinquent 0 11,741
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,744
Amount of Ended Loans $0 $465,440,600
Number of Ended Loans Defaulted 0 16,795
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.17%
Average Loan Size $57,967 $418
Average Individual Loan Size $57,967 $656
Average Group Loan Size $0 $1,826
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $7,800 $3,434
Average Loan Size / GDP per capita (PPP) 743.16% 12.18%
Average Time to Fund a Loan 10.47 days 5.55 days
Average Dollars Raised Per Day Per Loan $5,538.50 $75.32
  Average Loan Term 75.33 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 291,324
  Journaling Rate 0.00% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 8% APR N/A 33.64% PY
  Profitability (return on assets) N/A N/A -1.40%
  Average Loan Size (% of per capita income) N/A N/A 41.35%

Country Fast Facts

Field Partner Staff

Leonard Dalipi
Sophie Eisenmann
Karen Hitschke
Clementine Lalande
Ermira Repaj
Teddy Sun