Kiva conducts regular," ongoing monitoring "of all Field Partners, but only posts status updates here"in response to relevant,"major changes at the"partner. Status Update - March 17, 2022 Kiva and ASKI have agreed to end their partnership after 13 years and more than $18m in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank ASKI for the years of collaboration and wish them success in their future endeavors. August 6, 2020 - COVID-19 Update: Kiva has been in contact with ASKI to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues. While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. The Philippines has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. As a result, borrowers and ASKI may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it?s possible that lenders will see a delay in repayments and new loans posted by ASKI. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover." Kiva is working closely with ASKI to support them and their borrowers through the COVID-19 crisis. ASKI"is sending regular updates to Kiva, and we'll update Partner Pages as we learn more." On behalf of Kiva and"ASKI, we?re grateful for your continued support through this difficult time. " Status update -"January 23, 2018 Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Field Partner?s loan products. As a result, ASKI's risk rating is now listed as 2.5 stars instead of 4 stars. The primary reason for this change in rating is due to a deterioration in ASKI's financial health. We will continue to monitor the situation to support this Field Partner and will update our assessment accordingly. Partner description: Alalay sa Kaunlaran, Inc. (ASKI) is a non-profit organization based in the Philippines that aims to relieve poverty and unemployment by promoting micro-enterprise development.The organization started by reaching out to small business owners who had no access to credit. Over time, it expanded its reach to provide non-financial services to clients, and eventually grow into what it is today: a byword of eco-social development in Central Luzon and nearby regions. ASKI opened its doors in 1987 to promote the development of micro- and small-to-medium enterprises and the delivery of social services. Beginning on a small playing field in Cabanatuan City, it has since branched out into other provinces in Central Luzon and adjacent regions. From a handful of loans services, ASKI?s offerings have diversified into capacity building, other cooperative arrangements and health and insurance programs, money transfers and more. ASKI fulfills its social mission by doing community development work and providing outreach programs. Some of these programs include scholarships for students, sponsorship of day care centers, a food program for children, health services for senior citizens, relief for typhoon victims, and donations to other charitable organizations in the area.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $18,416,350 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $163,202,810
Number of Paying Back Loans 0 193,982
Amount of Ended Loans $18,416,350 $1,591,353,280
Number of Ended Loans 37,902 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio ($0) $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 0.69% 1.70%
Amount of Ended Loans Defaulted $127,877 $26,998,026
Number of Ended Loans Defaulted 759 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $9,654 $9,202,644
Refund Rate 0.68% 0.57%
Amount of Refunded Loans $125,575 $9,961,195
Number of Refunded Loans 128 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.21% 77.81%
Average Loan Size $411 $389
Average Individual Loan Size $462 $594
Average Group Loan Size $1,439 $1,839
Average number of borrowers per group 8 8.2
Average GDP per capita (PPP) in local country $7,000 $5,628
Average Loan Size / GDP per capita (PPP) 5.86% 6.90%
Average Time to Fund a Loan 5.34 days 8.44 days
Average Dollars Raised Per Day Per Loan $76.82 $46.05
  Average Loan Term 6.58 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 18,909 1,071,973
  Journaling Rate 48.37% 42.48%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.62 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 46.00% PY 26.11% PY
  Profitability (return on assets) N/A 4.8% 0.00%
  Average Loan Size (% of per capita income) N/A 8.00% 0.00%

Country Fast Facts

Field Partner Staff