The very first loans funded through Kiva were posted in April 2005. Instead of being posted and administered by a formal Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Apr 15, 2005 Oct 12, 2005
Total Loans $26,600 $1,331,502,175
Amount of raised Inactive loans $0 $570,550
Number of raised Inactive loans 0 757
Amount of Paying Back Loans $0 $148,551,725
Number of Paying Back Loans 0 196,328
Amount of Ended Loans $26,600 $1,182,379,900
Number of Ended Loans 55 1,522,146
Delinquency Rate 0.00% 10.30%
Amount in Arrears $0 $9,760,879
Outstanding Portfolio ($22,465) $94,733,112
Number of Loans Delinquent 0 55,435
Default Rate 9.19% 1.75%
Amount of Ended Loans Defaulted $2,445 $20,648,081
Number of Ended Loans Defaulted 7 50,344
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,194,263
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,883,225
Number of Refunded Loans 0 7,778

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.73% 76.40%
Average Loan Size $484 $394
Average Individual Loan Size $484 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $0 $5,776
Average Loan Size / GDP per capita (PPP) 0.00% 6.82%
Average Time to Fund a Loan 0 days 7.13 days
Average Dollars Raised Per Day Per Loan $0.00 $55.26
  Average Loan Term 6.04 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 422 790,368
  Journaling Rate 0.00% 43.15%
  Average Number of Comments Per Journal 1.15 0.03
  Average Number of Recommendations Per Journal 2.91 0.80

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 57.00% PY 25.36% PY
  Profitability (return on assets) N/A 4.5% -1.98%
  Average Loan Size (% of per capita income) N/A 61.00% 12.96%

Country Fast Facts

Field Partner Staff

Hellen Rose Akiteng
Rowland Amulyoto
Jo Henriksen
stella Ikere
Josphat Kabui
Monica Martinez
Richard Mazengo
Moses Onyango
Alfred Tabaaro