Status Update — September 2, 2009

The partnership with Kraban Support Foundation (KSF) was paused in mid-2007 after Kiva discovered irregularities in the application of Kiva policies by the partner. Subsequently, KSF failed to make on-time repayments to Kiva lenders, and a new repayment plan was agreed upon. The repayment plan spanned from September 2007 to March 2009 with monthly installments. However, starting in November 2008, KSF became delinquent on an amount of $95,405. Kiva explored legal remedies in Ghana with regard to collection of these funds but determined that legal action to force repayment had a very low likelihood of success. Therefore, at year-end 2009 all of the remaining loans made by lenders to entrepreneurs served by this Lending Partner were fully refunded by Kiva and the partner account was set to closed.

Partner description: 

Kraban Support Foundation (KSF) is a local development-oriented NGO with the aim of eradicating rural poverty through community education. The organization deeply shares a philosophy of commitment to help fight poverty by facilitating improved quality of human life in the communities in which they operate in Ghana.

Their mission is to develop innovative strategies and programs that enhance the capacity and productivity of vulnerable groups in their target deprived communities. Kraban Support Foundation\'s ultimate aim is to operate to enhance the access of small-scale entrepreneurs to sustainable financial services. The organization accomplishes this through strong and viable Cooperative Savings and Credit Societies (CSCS). The NGO facilitates savings-deposits and offers small-scale loans in addition to business development services in a cost effective and sustainable manner.

To provide lending, Kraban retails credit to clients in a linkage banking arrangement. However, the responsibility for loan appraisal and approval, entering into loan agreements, disbursement and loan recovery solely rest with their organization. Kraban sensitizes community-based groups through its Training, Education and Credit for Health (TEACH) methodology.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 7, 2006 Oct 12, 2005
Total Loans $502,200 $1,960,332,725
Amount of raised Inactive loans $0 $363,745
Number of raised Inactive loans 0 340
Amount of Paying Back Loans $0 $155,574,760
Number of Paying Back Loans 0 179,650
Amount of Ended Loans $502,200 $1,774,353,705
Number of Ended Loans 598 2,381,315
Delinquency Rate 0.00% 11.63%
Amount in Arrears $0 $10,909,601
Outstanding Portfolio $0 $93,825,344
Number of Loans Delinquent 0 45,861
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,274
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,023,352
Refund Rate 0.38% 0.54%
Amount of Refunded Loans $1,925 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 95.17% 78.24%
Average Loan Size $840 $392
Average Individual Loan Size $840 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $3,500 $5,599
Average Loan Size / GDP per capita (PPP) 24.01% 7.00%
Average Time to Fund a Loan 1.07 days 8.93 days
Average Dollars Raised Per Day Per Loan $787.24 $43.86
  Average Loan Term 9.13 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 187 1,181,163
  Journaling Rate 28.60% 42.24%
  Average Number of Comments Per Journal 1.75 0.02
  Average Number of Recommendations Per Journal 4.05 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 53.00% PY 27.02% PY
  Profitability (return on assets) N/A 0.3% -3.10%
  Average Loan Size (% of per capita income) N/A 13.00% 0.00%

Country Fast Facts

Lending Partner Staff