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 - April 4, 2019

Kiva has decided to finish our partnership with Arvand after about 10 years and almost $3MM in loans raised. We have greatly appreciated working with Arvand to serve borrowers in Tajikistan. The partnership is now in paused status, which means Arvand will not be posting any new loans to Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. We thank Arvand for the years of collaboration and wish them success in their future endeavors.

Partner description:

MDO Arvand  is one of the leading microfinance institutions in Tajikistan, offering small loans to entrepreneurs to start and grow their businesses. Initially funded by USAID, Arvand has grown substantially since its inception in 2002.  

With a team of 700 professionals serving over 40,000 clients, the organization reaches a considerable segment of Tajikistan’s economy. Impressively, it is one of the first MFIs in the country that has implemented all three areas of financial services: credit, micro-deposits and money transfers. It is able to do this thanks in part to 81 service points, including 6 branches, 43 client service centers, and 32 remittance offices.

Arvand has had some incredible success stories where loans have changed entire lives. Read all about them here in this Kiva blog post!

A unique lending approach:

Arvand’s financial services include but are not limited to loans for education, compulsory savings accounts, and voluntary insurance products. In addition, Arvand provides considerable non-financial services to its clients. For example, it offers financial education literacy training so they can become better equipped to handle their own finances. The organization also provides consulting services and mentorship with experts in fields of animal husbandry and law.

Well regarded in Tajikistan, Arvand is a member of AMFOT (Association of Microfinance Organizations of Tajikistan). In addition to its domestic accomplishments, Arvand (previously MicroInvest) was Kiva’s first field partner in Central Asia and contributed to the adoption of the site by other MFIs in the region.

 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 29, 2011 Oct 12, 2005
Total Loans $2,890,850 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $112,450 $147,970,550
Number of Paying Back Loans 183 195,474
Amount of Ended Loans $2,778,400 $1,182,285,025
Number of Ended Loans 3,958 1,522,055
Delinquency Rate 2.45% 10.42%
Amount in Arrears $1,203 $9,802,012
Outstanding Portfolio $49,152 $94,101,479
Number of Loans Delinquent 7 55,529
Default Rate 0.07% 1.74%
Amount of Ended Loans Defaulted $1,815 $20,609,355
Number of Ended Loans Defaulted 8 50,258
Currency Exchange Loss Rate 1.34% 0.39%
Amount of Currency Exchange Loss $38,844 $5,175,709
Refund Rate 0.64% 0.59%
Amount of Refunded Loans $18,500 $7,878,725
Number of Refunded Loans 36 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 46.96% 76.40%
Average Loan Size $697 $394
Average Individual Loan Size $697 $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 $2,700 $5,776
Average Loan Size / GDP per capita (PPP) 25.80% 6.82%
Average Time to Fund a Loan 15.13 days 7.13 days
Average Dollars Raised Per Day Per Loan $46.04 $55.26
  Average Loan Term 13.37 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 817 789,496
  Journaling Rate 19.69% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.81

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 35.00% PY 25.36% PY
  Profitability (return on assets) 5.67% 3.6% -1.96%
  Average Loan Size (% of per capita income) 91.50% 135.00% 12.88%

Country Fast Facts

Field Partner Staff

Repayment Reporting API
Umeda Habibova
Sobir Kenjaev
Yulduz Khudoyberdieva
Uguljan Mahkamova
Firuza Mamadjonova
Nigora Muhammadqulova
Shahnozahon Odilova
Nilufar Salomova
Dilnoza Sattorova
Nargis Sattorova
Ben Schelling
Firdavs Temirov
Noila Temurova
Khabiba Usmonova
Jamoliddin Usupov