Status Update — October 1, 2007

As you may be aware, each business on Kiva’s website is posted by one of Kiva’s 60+ Field Partners in 39 developing countries.  A Field Partner is an independent microfinance institution that has a history of lending to the poor for a social purpose. They screen each entrepreneur, post his/her profile on the Kiva website, and administer your loan.

Kiva routinely audits each Field Partner to ensure your loan is being dutifully administered to the entrepreneur you’ve selected. In the course of auditing our Field Partner, Women’s Initiative to Eradicate Poverty (WITEP) in Uganda, Kiva discovered that some entrepreneurs were not receiving the full amount of their loans. 

This violates Kiva’s policies and we have terminated our relationship with WITEP. All of the loans made to entrepreneurs served by this Field Partner have been refunded. We hope you realize that our audit uncovered a true exception to the norm; the vast majority of our Field Partners administer your loans with the highest integrity. Kiva will continue to audit Field Partners to ensure your loan is being dutifully administered – and to make our website a model for transparency in international development.


Partner Description: 

Women Initiative to Eradicate Poverty (WITEP) is a non-government, community-based organization formed to alleviate poverty and improve the standard of living for the poor women of Uganda. Their objective is to mobilize and sensitize people in grassroots projects, focusing in food production and food security. Advocating for programmes that encourage the emancipation of women and youth, they provide for exchange of professional ideas and skills acquisition on social, political, and economic development.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 10, 2006 Oct 12, 2005
Total Loans $4,500 $908,588,725
Amount of raised Inactive loans $0 $1,315,925
Number of raised Inactive loans 0 1,282
Amount of Paying Back Loans $0 $137,063,425
Number of Paying Back Loans 0 168,293
Amount of Ended Loans $4,500 $770,209,375
Number of Ended Loans 5 960,618
Delinquency Rate 0.00% 8.85%
Amount in Arrears $0 $7,818,874
Outstanding Portfolio $0 $88,323,046
Number of Loans Delinquent 0 22,733
Default Rate 0.00% 1.35%
Amount of Ended Loans Defaulted $0 $10,382,253
Number of Ended Loans Defaulted 0 29,500
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,145,391
Refund Rate 5,606.67% 0.64%
Amount of Refunded Loans $252,300 $5,827,650
Number of Refunded Loans 301 5,888

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.65% 75.01%
Average Loan Size $839 $405
Average Individual Loan Size $839 $636
Average Group Loan Size $0 $1,793
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,917
Average Loan Size / GDP per capita (PPP) 46.62% 6.84%
Average Time to Fund a Loan 3.42 days 6.97 days
Average Dollars Raised Per Day Per Loan $245.15 $58.05
  Average Loan Term 8.11 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 412 471,351
  Journaling Rate 100.00% 41.75%
  Average Number of Comments Per Journal 0.91 0.05
  Average Number of Recommendations Per Journal 3.30 1.22

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 26.37% PY
  Profitability (return on assets) N/A 4.5% 0.19%
  Average Loan Size (% of per capita income) N/A 61.00% 18.15%

Country Fast Facts

Field Partner Staff

Kevin Abago
Alice Apendi
Hellen Athieno
Vicky Auma
Beatrice Awor
Alex Emunyu
Robins Esayet
Florence Imagoro
Stephen Okoth
Abbo Yedidah