Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description: 

People’s Forum is a development organization based in Odisha, India that has been working for the sustainable development of rural regions and communities since 1989. Its objective is to strengthen rural economies with local resources and through programs in mental health, elementary education, human trafficking prevention, income restoration, drought mitigation and health and hygiene awareness.

People’s Forum has been working with women’s self-help groups since 1994. Today, it works with 120,000 rural women through its network of 30 branches spread across Odisha and Chattisgarh. The organization’s microfinance program is called Mission Annapurna, and is based in the belief that women are the backbone of the rural economy, and that, with the right resources, they can power economic recovery.  

Mission Annapurna provides microcredit as well as micro-savings and micro-insurance services to women who work in weaving, handicrafts, metalwork, fishing, and more. The majority of loans go to workers in agriculture and allied activities. These women are also encouraged to save at their local banks so that, over time, they can invest their own money to build their businesses. But microfinance is only one piece of this solution. Working in 15 districts throughout Odisha, Mission Annapurna also provides financial literacy training, business development services and market access to help clients lift themselves out of poverty and graduate to formal banking systems.

Kiva funding will be utilized by People’s Forum to expand Mission Annapurna’s projects and economically empower marginalized and underserved segments of the population, especially those deemed too ‘risky’ to serve by other financial institutions. In particular, Kiva loans will be used to help leprosy-affected families, transgendered individuals, disabled persons, single mothers, widows and other vulnerable groups. 

Mission Annapurna’s microfinance portfolio is managed by Annapurna Microfinance Private Limited (AMPL). AMPL is a Non-Banking Finance Corporation that was established by People’s Forum’s management team in 2010 to meet the growing demand for financial inclusion in Odisha and other states. AMPL is a legally separate entity that grew out of the mission and vision of People’s Forum and Mission Annapurna, and shares the objectives to empower vulnerable members of the communities it serves. People’s Forum and AMPL have overlaps in their management team, operational staff and Board of Directors.

In addition to its microcredit program, People's Forum, provides the following non-financial services --

• Mission Ashra: A rehabilitation home for mentally-ill women. 

• Mission Ashayen: A rehabilitation program for women who've been previously trafficked. 

• Mission Asha: An elementary education program for underprivileged students.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 15, 2012 Oct 12, 2005
Total Loans $2,490,375 $865,925,875
Amount of raised Inactive loans $0 $454,625
Number of raised Inactive loans 0 322
Amount of Paying Back Loans $2,130,075 $137,945,875
Number of Paying Back Loans 2,240 167,793
Amount of Ended Loans $360,300 $727,525,375
Number of Ended Loans 283 903,640
Delinquency Rate N/A 8.05%
Amount in Arrears N/A $7,250,265
Outstanding Portfolio N/A $90,059,903
Number of Loans Delinquent N/A 21,641
Default Rate N/A (See Note) 1.32%
Amount of Ended Loans Defaulted N/A $9,619,060
Amount of Ended Loans N/A $727,525,375
Number of Ended Loans Defaulted N/A 26,678
Currency Exchange Loss Rate N/A 0.43%
Amount of Currency Exchange Loss N/A $3,748,624
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,634,100
Number of Refunded Loans 0 5,820

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 89.65% 74.87%
Average Loan Size $271 $408
Average Individual Loan Size $442 $640
Average Group Loan Size $1,182 $1,806
Average number of borrowers per group 4.6 7.8
Average GDP per capita (PPP) in local country $4,000 $5,937
Average Loan Size / GDP per capita (PPP) 6.77% 6.86%
Average Time to Fund a Loan 8.63 days 6.9 days
Average Dollars Raised Per Day Per Loan $31.38 $59.02
  Average Loan Term 41.84 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 325 439,775
  Journaling Rate 100.00% 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 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 27% PY 22.00% PY 27.38% PY
  Profitability (return on assets) 1% 1.2% -0.69%
  Average Loan Size (% of per capita income) 136.00% 10.00% 19.18%

Country Fast Facts

Field Partner Staff

Satyajit Das
Shweta Das
Rajan Singh