Youth Business St. Vincent and the Grenadines
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status update — May 1, 2018
After several months of collection efforts from both Kiva and an external debt collection agency to help retrieve the outstanding balance with YBSVG, we’ve decided to default the remaining $40,030 due to Kiva lenders. Kiva’s present assessment is that this Lending Partner is unwilling to make further payments. If Kiva is able to recover any additional funds from YBSVG, they will be applied to lenders' accounts on a pro-rata basis.
Status update — February 5, 2018
In July 2017, Kiva contracted the services of an external debt collection agency to help retrieve its outstanding balance with YBSVG. While this agency was able to make contact with the partner, they have made no progress in collecting the amount owed. Kiva and the collection agency intend to pursue their collection efforts for the remainder of the year, and Kiva will move forward with defaulting the outstanding amount if no progress has been made by year-end.
Status update — July 11, 2017
Kiva has contracted the services of an external debt collection agency to help retrieve its outstanding balance with YBSVG. This agency has made contact with the partner and as we know more about the likelihood of recovery of the amount owed, we will provide more details on this page.
Status update — November 8, 2016
YBSVG has been unresponsive to Kiva’s requests to send payments. We’re currently reviewing several recourses at our disposal in order to retrieve the amount owed to Kiva lenders and will provide more detailed information as soon as we have a next steps in place.
Status update — April 18, 2016
YBSVG is having some difficulties making payments back to Kiva, however Kiva remains in constant communication with the organization’s management. As soon as we are able to define with YBSVG the correct course of action in order to retrieve payments and have more detailed information to share with lenders, we will post it to this page.
Youth Business St. Vincent and the Grenadines is a non-profit organization that was established in 2012 to address the level of poverty, unemployment and underemployment among youth in country.
The organization offers business loans, in addition to business planning help, mentoring, and accounting and money management advice. It targets youth who otherwise would not be able to acquire a loan or access funding due to their personal circumstances, social status or lack of collateral.
A unique lending approach:
YBSVG assists disadvantaged youth, including former convicted criminals, youth who live in abject poverty, those living with a physically disability, and many who could not complete schooling. Each loan issued by YBSVG is intended to help entrepreneurs start their businesses. A low interest rate of 7-12% and loan duration of up to 5 years make the organization’s loans accessible and flexible. With Kiva’s support, YBSVG will be able to expand their current credit program, keep up with demand, and provide disadvantaged youth with more opportunities.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 16, 2014 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $49,225 | $1,958,960,270 | |
| Amount of raised Inactive loans | $0 | $198,810 | |
| Number of raised Inactive loans | 0 | 174 | |
| Amount of Paying Back Loans | $49,225 | $161,515,145 | |
| Number of Paying Back Loans | 16 | 189,106 | |
| Amount of Ended Loans | $0 | $1,768,242,580 | |
| Number of Ended Loans | 0 | 2,370,068 | |
| Delinquency Rate | 91.37% | 12.15% | |
| Amount in Arrears | $36,577 | $12,196,492 | |
| Outstanding Portfolio | $0 | $100,379,645 | |
| Number of Loans Delinquent | 16 | 72,762 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $32,307,398 | |
| Number of Ended Loans Defaulted | 0 | 84,791 | |
| Currency Exchange Loss Rate | 0.00% | 0.50% | |
| Amount of Currency Exchange Loss | $0 | $11,998,745 | |
| Refund Rate | 0.00% | 0.54% | |
| Amount of Refunded Loans | $0 | $10,526,300 | |
| Number of Refunded Loans | 0 | 9,596 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 50.00% | 78.24% | |
|---|---|---|---|
| Average Loan Size | $3,077 | $392 | |
| Average Individual Loan Size | $3,077 | $589 | |
| Average Group Loan Size | $0 | $1,891 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $10,900 | $5,599 | |
| Average Loan Size / GDP per capita (PPP) | 28.23% | 7.00% | |
| Average Time to Fund a Loan | 0.48 days | 8.93 days | |
| Average Dollars Raised Per Day Per Loan | $6,373.69 | $43.86 | |
| Average Loan Term | 34.85 months | 11.47 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 16 | 1,178,680 | |
|---|---|---|---|
| Journaling Rate | 100.00% | 42.25% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.57 |
Borrowing Cost Comparison (based on 2015 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 7% APR | N/A | 27.02% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | N/A | -3.10% | |
| Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- St Vincent
- Capital:
- Kingstown
- Official Language:
- English, French patois
- Population:
- 102,918
- Avg Annual Income:
- $10,900
- Labor Force:
- agriculture: 26%, industry: 17%, services: 57%
- Population Below Poverty Line:
- N/A
- Literacy Rate:
- N/A
- Infant Mortality Rate (per 1000):
- 13.07 deaths
- Life Expectancy:
- 72.7 years