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 — December 15, 2015

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, UOB's risk rating is now listed as 2.5 stars instead of 3.5 stars. The primary reasons for this change in rating are increased delinquency, MIS weaknesses and Kiva policy compliance issues. Kiva and UOB are working closely to improve upon all 3 of these areas in the future.
 

Status Update December 8, 2015

Urwego Opportunity Bank (UOB) has recently been experiencing higher levels of delinquencies with their Kiva loan portfolio. This increase is due in part to a high number of their agricultural loans falling behind, which is the result of delays in payment from buyers, as well as climate change issues resulting in a delay in harvest. In addition, UOB has seen an increase in group loan delinquencies, often caused by one member falling being behind on repayment. While groups may become delinquent, most groups manage to pay off their loan in full by the end of the loan term. The Kiva team continues to remain in contact with staff at UOB in an effort to help monitor this delinquency and determine any necessary actions going forward. We will provide additional relevant information to lenders as it becomes available.
 

Partner Description:

Urwego Banka partner of HOPE International and World Relief, helps underserved Rwandans by providing clients with the necessary credit and savings capabilities required for economic transformation. Insurance, remittance services, foreign exchange services and mobile banking are all offered by Urwego. To complement these offerings, Urwego provides clients with training in business development, financial literacy and health management. It offers these financial and training services to individuals and groups interested in starting or expanding their businesses. 
 
A unique lending approach:
 
Urwego uses its 30 locations to successfully target all demographics, focusing primarily on women, farmers and rural populations. The institution offers different types of loans, including community loans, solidarity group loans, micro business loans, agriculture loans, education loans and more -- all geared toward helping people improve their lives. Through these methods Urwego seeks to restore basic quality of life to underprivileged individuals as well as restore relationships with the community, self, God and the rest of creation. Urwego’s primary loan product is the community/trust bank loan. This loan product leverages social collateral since most group members have little to no collateral. Group members typically operate small businesses and help one another investigate and execute new business ideas. 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2010 Oct 12, 2005
Total Loans $27,461,200 $1,343,861,275
Amount of raised Inactive loans $3,600 $1,330,300
Number of raised Inactive loans 4 1,607
Amount of Paying Back Loans $2,118,275 $148,429,925
Number of Paying Back Loans 454 196,210
Amount of Ended Loans $25,339,325 $1,194,101,050
Number of Ended Loans 11,281 1,538,247
Delinquency Rate 2.56% 10.11%
Amount in Arrears $35,785 $9,480,164
Outstanding Portfolio $697,559 $93,799,319
Number of Loans Delinquent 55 57,316
Default Rate 0.47% 1.78%
Amount of Ended Loans Defaulted $118,391 $21,263,302
Number of Ended Loans Defaulted 187 51,596
Currency Exchange Loss Rate 0.02% 0.39%
Amount of Currency Exchange Loss $4,780 $5,195,261
Refund Rate 0.17% 0.60%
Amount of Refunded Loans $45,475 $8,038,950
Number of Refunded Loans 52 8,002

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.71% 76.43%
Average Loan Size $302 $394
Average Individual Loan Size $876 $609
Average Group Loan Size $5,320 $1,762
Average number of borrowers per group 21.5 7.7
Average GDP per capita (PPP) in local country $1,700 $5,772
Average Loan Size / GDP per capita (PPP) 17.75% 6.82%
Average Time to Fund a Loan 7.02 days 7.13 days
Average Dollars Raised Per Day Per Loan $42.97 $55.26
  Average Loan Term 5.75 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,161 798,145
  Journaling Rate 17.64% 43.14%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% PY 31.00% PY 25.24% PY
  Profitability (return on assets) -5.02% -3.2% -1.27%
  Average Loan Size (% of per capita income) 57.00% 81.00% 13.01%

Country Fast Facts

Field Partner Staff

Peace Bureshyo
Odette Igirimbabazi
Jessica Igoma
RUDASINGWA Michel
Jean Claude Ndayishimiye
Adelin Ngenzi
Benjamin NTAMBARA
Gideon RWIGAMBA