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 Field Partner All Kiva Partners
  Start Date On Kiva Jun 16, 2014 Oct 12, 2005
Total Loans $49,225 $710,025,300
Amount of raised Inactive loans $0 $534,500
Number of raised Inactive loans 0 352
Amount of Paying Back Loans $49,225 $132,536,125
Number of Paying Back Loans 16 151,012
Amount of Ended Loans $0 $576,954,675
Number of Ended Loans 0 716,371
Delinquency Rate 0.00% 6.87%
Amount in Arrears $0 $5,933,399
Outstanding Portfolio $46,970 $86,398,737
Number of Loans Delinquent 0 19,419
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,485,241
Amount of Ended Loans $0 $576,954,675
Number of Ended Loans Defaulted 0 19,256
Currency Exchange Loss Rate 0.00% 0.25%
Amount of Currency Exchange Loss $0 $1,755,454
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $0 $4,859,375
Number of Refunded Loans 0 5,363

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 74.33%
Average Loan Size $3,077 $417
Average Individual Loan Size $3,077 $654
Average Group Loan Size $0 $1,845
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $10,900 $5,941
Average Loan Size / GDP per capita (PPP) 28.23% 7.01%
Average Time to Fund a Loan 0.48 days 6.29 days
Average Dollars Raised Per Day Per Loan $6,373.69 $66.23
  Average Loan Term 34.85 months 10.74 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 349,299
  Journaling Rate 0.00% 41.46%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.59

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 12% APR N/A 32.03% PY
  Profitability (return on assets) N/A N/A -1.92%
  Average Loan Size (% of per capita income) N/A N/A 19.63%

Country Fast Facts

Field Partner Staff

Yohance Gibson
Kenneth Lynch
Amos Tittle