The very first loans funded through Kiva were posted in April 2005. Instead of being posted and administered by a formal Lending Partner or microfinance institution, these East Africa Beta loans were administered by a friend of Co-Founders, Matt Flannery and Jessica Jackley, who lived and worked in East Africa. To learn more about the beginnings of Kiva's work in East Africa, please read, "Kiva and the Birth of Person-to-Person Microfinance," authored by Matt Flannery, which was published in the Winter/Spring issue of Innovations by MIT Press.
Repayment Performance on Kiva
|
|
This Lending Partner |
All Kiva Partners |
|
Start Date On Kiva |
Apr 15, 2005 |
Oct 12, 2005 |
|
Total Loans |
$26,600 |
$1,999,972,715 |
|
Amount of raised Inactive loans |
$0 |
$557,650 |
|
Number of raised Inactive loans |
0 |
203 |
|
Amount of Paying Back Loans |
$0 |
$153,956,230 |
|
Number of Paying Back Loans |
0 |
181,893 |
|
Amount of Ended Loans |
$26,600 |
$1,810,017,340 |
|
Number of Ended Loans |
55 |
2,432,231 |
|
Delinquency Rate |
0.00% |
11.50% |
|
Amount in Arrears |
$0 |
$10,715,938 |
|
Outstanding Portfolio |
($22,465) |
$93,157,824 |
|
Number of Loans Delinquent |
0 |
46,269 |
|
Default Rate |
9.19% |
1.84% |
|
Amount of Ended Loans Defaulted |
$2,445 |
$33,278,852 |
|
Number of Ended Loans Defaulted |
7 |
87,208 |
|
Currency Exchange Loss Rate |
0.00% |
0.48% |
|
Amount of Currency Exchange Loss |
$0 |
$12,335,694 |
|
Refund Rate |
0.00% |
0.54% |
|
Amount of Refunded Loans |
$0 |
$10,873,075 |
|
Number of Refunded Loans |
0 |
9,630 |
Loan Characteristics On Kiva
Journaling Performance on Kiva
Borrowing Cost Comparison (based on 2009 data)