Status Update — December 8, 2015


ACM has successfully moved from the Crimea region of Ukraine and has resumed operations from a new office in Kiev. ACM is still working with its clients that are having difficulties repaying due to political and economic instability, but is looking forward to assisting new clients in other parts of Ukraine. Given this development, Kiva is happy to resume our partnership with ACM in order to continue providing access to finance to those with very limited financing options and who are most in need of economic support.


Status Update — March 19, 2014
 
The majority of ACM’s borrowers live and work in the now-disputed Crimean peninsula region. Due to the political and economic instability in the Crimea, ACM's clients are facing challenges that may make it difficult to repay their loans at this time. Kiva has paused its funding for now, but hopes to continue to support ACM’s much-needed development efforts in the future. Kiva has been in close contact with ACM and its other partner in the Ukraine, and we remain concerned about the safety and well-being of staff and clients affected by recent events.

Partner Description:

Agro Capital Management (ACM) is an organization that connects Ukrainian farmers with local agricultural goods suppliers to provide them with the resources they need to improve crop yields and increase their revenue. In particular, ACM expands access to affordable agricultural technology so that entrepreneurs can further develop their small businesses, create jobs, and improve the quality of life for their families and communities.

ACM works on a lease-to-own model, allowing farmers to install and begin using the equipment and goods they buy before paying in full. The organization purchases these supplies before selling them to farmers on a payment plan. These contracts are broken up into suitable monthly payments to optimize farmers' ability to pay, and all products are supplied by local agricultural businesses that cater to their specific needs. In its first two years alone, ACM signed 536 contracts, supporting the planting of 84 hectares of grape seedlings, the creation of 22,000 square meters of greenhouse space, the installation of 2,300 tons of cold storage, and the purchase of over USD$1 million of locally-sold goods.

In addition to supplies, ACM's clients receive technical training and assistance from the Ukraine Horticultural Development Project, an organization created by the Mennonite Economic Development Associates in Canada that helps farmers overcome economic and market-based challenges in rural Ukraine. To cover costs, ACM charges farmers a small service fee. The amount of Kiva loans listed covers both the costs of the agricultural goods and the associated service fees.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 23, 2012 Oct 12, 2005
Total Loans $378,900 $866,290,725
Amount of raised Inactive loans $0 $438,300
Number of raised Inactive loans 0 312
Amount of Paying Back Loans $56,975 $138,225,075
Number of Paying Back Loans 14 168,102
Amount of Ended Loans $321,925 $727,627,350
Number of Ended Loans 124 903,770
Delinquency Rate 10.60% 7.99%
Amount in Arrears $4,223 $7,217,709
Outstanding Portfolio $39,851 $90,329,689
Number of Loans Delinquent 6 21,355
Default Rate 18.95% 1.32%
Amount of Ended Loans Defaulted $61,008 $9,618,429
Amount of Ended Loans $321,925 $727,627,350
Number of Ended Loans Defaulted 36 26,678
Currency Exchange Loss Rate 3.89% 0.43%
Amount of Currency Exchange Loss $14,741 $3,748,624
Refund Rate 1.29% 0.65%
Amount of Refunded Loans $4,875 $5,634,100
Number of Refunded Loans 1 5,820

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 39.29% 74.87%
Average Loan Size $2,761 $408
Average Individual Loan Size $2,761 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $8,200 $5,938
Average Loan Size / GDP per capita (PPP) 33.67% 6.86%
Average Time to Fund a Loan 9.23 days 6.9 days
Average Dollars Raised Per Day Per Loan $299.01 $59.03
  Average Loan Term 17.06 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 23 439,977
  Journaling Rate 13.28% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 44% APR 41.00% PY 27.38% PY
  Profitability (return on assets) -4.2% 1.1% -0.69%
  Average Loan Size (% of per capita income) N/A 46.00% 19.11%

Country Fast Facts

Field Partner Staff

Slava Falko
Amie McPhee
Oleg Osaulyuk
Elena Perevertaylo
Tamila Shabanova