Kaebauk Investimentu no Finansas
Approved to post Kiva loans from: Timor-Leste
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:
Kaebauk Investimentu No Finansas (KIF) is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. With 41% of the population living below the poverty line and 70% making less than USD$2.50 a day, the country is in dire need of stable banking. In fact, only about 13% of the population has regular access to financial services.
KIF was launched in 2001 with support from Save the Children, but registered as a separate MFI in 2001 under Catholic Relief Services. Today, it provides financial products to poor rural and urban populations to improve their quality of life and empower women.
With a nationwide presence, KIF provides credit, savings accounts and micro-insurance to more than 7,000 clients -- all of whom are women -- through 11 branches and two field offices. Its goal is to extend its reach into even more remote regions through branchless banking services.
While it focuses primarily on supplying traditional microloans, it plans to expand into remittances, as well as non-financial offerings like agriculture and business development training, financial literacy classes and environmental services. KIF is also piloting an agricultural loan product that won’t require borrowers to repay until after the harvest.
The organization has received support and technical assistance from BASIX India and UNCDF and won the Silver Award for reporting on social parameters from the MIX Market.
KIF has faced and survived extreme challenges, including two consecutive civil wars in 2006 and 2007 that wiped out 13 other microfinance institutions.
Name Change
Kaebauk Investimentu No Finansas, SA was originally known as Tuba Rai Metin. They changed their name in April 2016 when they converted from an NGO to an ODTI (Other Deposit Taking Institution).
Partner Description:
Kaebauk Investimentu No Finansas (KIF) is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. With 41% of the population living below the poverty line and 70% making less than USD$2.50 a day, the country is in dire need of stable banking. In fact, only about 13% of the population has regular access to financial services.
KIF was launched in 2001 with support from Save the Children, but registered as a separate MFI in 2001 under Catholic Relief Services. Today, it provides financial products to poor rural and urban populations to improve their quality of life and empower women.
With a nationwide presence, KIF provides credit, savings accounts and micro-insurance to more than 7,000 clients -- all of whom are women -- through 11 branches and two field offices. Its goal is to extend its reach into even more remote regions through branchless banking services.
While it focuses primarily on supplying traditional microloans, it plans to expand into remittances, as well as non-financial offerings like agriculture and business development training, financial literacy classes and environmental services. KIF is also piloting an agricultural loan product that won’t require borrowers to repay until after the harvest.
The organization has received support and technical assistance from BASIX India and UNCDF and won the Silver Award for reporting on social parameters from the MIX Market.
KIF has faced and survived extreme challenges, including two consecutive civil wars in 2006 and 2007 that wiped out 13 other microfinance institutions.
Name Change
Kaebauk Investimentu No Finansas, SA was originally known as Tuba Rai Metin. They changed their name in April 2016 when they converted from an NGO to an ODTI (Other Deposit Taking Institution).
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | May 30, 2012 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $6,371,375 | $1,420,391,500 | |
| Amount of raised Inactive loans | $1,300 | $1,129,225 | |
| Number of raised Inactive loans | 1 | 135 | |
| Amount of Paying Back Loans | $1,249,250 | $153,071,300 | |
| Number of Paying Back Loans | 1,485 | 194,561 | |
| Amount of Ended Loans | $5,120,825 | $1,266,190,975 | |
| Number of Ended Loans | 6,172 | 1,637,413 | |
| Delinquency Rate | 4.59% | 27.18% | |
| Amount in Arrears | $31,147 | $26,327,306 | |
| Outstanding Portfolio | $595,797 | $96,862,782 | |
| Number of Loans Delinquent | 215 | 126,848 | |
| Default Rate | 0.25% | 1.76% | |
| Amount of Ended Loans Defaulted | $12,559 | $22,224,079 | |
| Number of Ended Loans Defaulted | 37 | 53,924 | |
| Currency Exchange Loss Rate | 0.00% | 0.39% | |
| Amount of Currency Exchange Loss | $0 | $5,566,508 | |
| Refund Rate | 0.10% | 0.63% | |
| Amount of Refunded Loans | $6,650 | $8,902,550 | |
| Number of Refunded Loans | 9 | 8,412 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 75.54% | 76.51% | |
|---|---|---|---|
| Average Loan Size | $821 | $394 | |
| Average Individual Loan Size | $829 | $612 | |
| Average Group Loan Size | $1,623 | $1,762 | |
| Average number of borrowers per group | 4.5 | 7.8 | |
| Average GDP per capita (PPP) in local country | $6,800 | $5,741 | |
| Average Loan Size / GDP per capita (PPP) | 12.07% | 6.87% | |
| Average Time to Fund a Loan | 9.17 days | 7.19 days | |
| Average Dollars Raised Per Day Per Loan | $89.50 | $54.85 | |
| Average Loan Term | 13.08 months | 11.38 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 1,725 | 900,807 | |
|---|---|---|---|
| Journaling Rate | 24.68% | 43.96% | |
| Average Number of Comments Per Journal | 0.00 | 0.03 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.71 |
Borrowing Cost Comparison (based on 2016 data)
| This Field Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 28% PY | 35.00% PY | 25.83% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 7.2% | 2.4% | -2.17% | |
| Average Loan Size (% of per capita income) | 11.00% | 12.00% | 12.55% |
Country Fast Facts
- Country:
- Timor-Leste
- Capital:
- Dili
- Official Language:
- Tetum (official), Portuguese (official), Indonesian, English
- Population:
- 1,201,542
- Avg Annual Income:
- $6,800
- Labor Force:
- agriculture: 64%, industry: 10%, services: 26%
- Population Below Poverty Line:
- 49.90%
- Literacy Rate:
- 67.50%
- Infant Mortality Rate (per 1000):
- 38.79 deaths
- Life Expectancy:
- 66.49 years
Field Partner Staff
Mamadou Alliou DialloGelnoris Da Silva
Alexandre De Castro
Gregorio Francisco
Subhash Jindahl
Rui Oliveira
Kamran Saeed
Adao Sarmento
Angelo Soares