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 $6,091,825 $1,388,022,775
Amount of raised Inactive loans $500 $169,825
Number of raised Inactive loans 1 72
Amount of Paying Back Loans $1,375,775 $148,228,750
Number of Paying Back Loans 1,683 194,675
Amount of Ended Loans $4,715,550 $1,239,624,200
Number of Ended Loans 5,643 1,602,553
Delinquency Rate 1.02% 12.74%
Amount in Arrears $8,280 $11,791,923
Outstanding Portfolio $698,934 $92,533,876
Number of Loans Delinquent 40 75,286
Default Rate 0.27% 1.75%
Amount of Ended Loans Defaulted $12,559 $21,700,871
Number of Ended Loans Defaulted 37 52,572
Currency Exchange Loss Rate 0.00% 0.38%
Amount of Currency Exchange Loss $0 $5,291,386
Refund Rate 0.11% 0.59%
Amount of Refunded Loans $6,650 $8,230,675
Number of Refunded Loans 9 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.25% 76.51%
Average Loan Size $820 $392
Average Individual Loan Size $828 $608
Average Group Loan Size $1,623 $1,756
Average number of borrowers per group 4.5 7.8
Average GDP per capita (PPP) in local country $6,800 $5,758
Average Loan Size / GDP per capita (PPP) 12.05% 6.81%
Average Time to Fund a Loan 9.14 days 7.13 days
Average Dollars Raised Per Day Per Loan $89.66 $54.98
  Average Loan Term 13.02 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,276 846,581
  Journaling Rate 20.11% 43.41%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

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 26.14% PY
  Profitability (return on assets) 7.16% 2.4% -2.30%
  Average Loan Size (% of per capita income) 11.00% 12.00% 12.52%

Country Fast Facts

Field Partner Staff

Mamadou Alliou Diallo
Gelnoris Da Silva
Alexandre De Castro
Gregorio Francisco
Subhash Jindahl
Rui Oliveira
Kamran Saeed
Adao Sarmento
Angelo Soares