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).

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 30, 2012 Oct 12, 2005
Total Loans $9,448,350 $1,757,253,975
Amount of raised Inactive loans $0 $440,275
Number of raised Inactive loans 0 146
Amount of Paying Back Loans $1,515,325 $162,405,770
Number of Paying Back Loans 1,664 193,205
Amount of Ended Loans $7,933,025 $1,591,165,905
Number of Ended Loans 9,823 2,108,647
Delinquency Rate 4.65% 15.57%
Amount in Arrears $39,608 $15,684,662
Outstanding Portfolio $753,839 $100,723,775
Number of Loans Delinquent 161 72,491
Default Rate 0.29% 1.69%
Amount of Ended Loans Defaulted $23,157 $26,900,027
Number of Ended Loans Defaulted 58 70,065
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $9,201,759
Refund Rate 0.09% 0.57%
Amount of Refunded Loans $8,150 $9,961,195
Number of Refunded Loans 10 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 70.60% 77.81%
Average Loan Size $815 $388
Average Individual Loan Size $820 $594
Average Group Loan Size $1,623 $1,839
Average number of borrowers per group 4.5 8.2
Average GDP per capita (PPP) in local country $6,800 $5,629
Average Loan Size / GDP per capita (PPP) 11.99% 6.90%
Average Time to Fund a Loan 13 days 8.43 days
Average Dollars Raised Per Day Per Loan $62.68 $46.06
  Average Loan Term 13.39 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3,722 1,070,835
  Journaling Rate 32.48% 42.46%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% PY 35.00% PY 26.27% PY
  Profitability (return on assets) N/A 2.4% 0.00%
  Average Loan Size (% of per capita income) N/A 12.00% 0.00%

Country Fast Facts

Field Partner Staff

Gelnoris Da Silva
Alexandre De Castro
Rui Oliveira
Kamran Saeed
Jonio Soares