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

Status update — January 25, 2016

After 35 months on Kiva and 187 loans fundraised, Maya Mountain Cacao has graduated out of Kiva’s Experimental Partnership program and been given a risk rating of 0.5 stars. 

Partner description:

Maya Mountain Cacao (MMC) is a for-profit social enterprise that sources premium cacao beans from smallholder farmers in Belize. Founded in 2010, it generates income for marginalized farmers while promoting sustainable agricultural practices in the southern region.

Belize is one of the seven Caribbean countries that produces premium cacao beans, and they are highly valued for their quality and superb flavor. The country has a population of over 350,000 people of different ethnic backgrounds, but MMC works primarily with smallholder K’ekchi and Mopan Maya farming families that grow cacao in the jungle foothills of the Maya Mountain range in the Toledo District of Belize.

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K’ekchi and Mopan Maya farmers who produce premium cacao beans.

The Maya consistently have the highest poverty rate, the highest unemployment and the lowest average income of any ethnic group in Belize. And MMC is the only enterprise that exports cacao beans grown in the Toledo District to the U.S. chocolate market.

Kiva financing will enable MMC to meet demand for pre-harvest financing for its farmers. The organization will provide microloans between $250 and $1,000 to help farmers buy better tools, invest in farm maintenance, and expand their land to increase their cacao yields.


A unique lending approach

MMC supports farmers by providing affordable seedlings, technical assistance, centralized fermentation equipment, organic certification and stable local and international demand. By selling their cacao as fresh fruit to MMC, farmers are only responsible for producing and harvesting their crops. This gives Maya farmers an opportunity to focus time on increasing their family’s production to a volume that brings in sustainable income.

MMC pays farmers a guaranteed fair and stable price for their cacao -- with a price floor that is above the Fair Trade premium. It does this by connecting them to chocolate companies that deeply value the work and traditions of cacao farmers. By renewing the cacao industry and providing alternatives to traditional slash-and-burn farming, it’s lifting entire villages out of poverty and preventing irreversible damage to the tropical habitat.

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A Maya Mountain Cacao farmer demonstrates how cacao dries on solar dryers at the central processing house.

Maya Mountain Cacao joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

Images courtesy of MMC.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 20, 2012 Oct 12, 2005
Total Loans $144,150 $994,015,325
Amount of raised Inactive loans $0 $257,450
Number of raised Inactive loans 0 304
Amount of Paying Back Loans $49,100 $153,841,625
Number of Paying Back Loans 54 195,782
Amount of Ended Loans $95,050 $839,916,250
Number of Ended Loans 151 1,055,620
Delinquency Rate 26.62% 8.69%
Amount in Arrears $8,220 $8,875,692
Outstanding Portfolio $30,882 $102,174,618
Number of Loans Delinquent 46 30,836
Default Rate 42.07% 1.42%
Amount of Ended Loans Defaulted $39,984 $11,890,081
Number of Ended Loans Defaulted 42 34,252
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,501,882
Refund Rate 1.27% 0.60%
Amount of Refunded Loans $1,825 $5,985,075
Number of Refunded Loans 5 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 7.62% 75.51%
Average Loan Size $695 $398
Average Individual Loan Size $695 $627
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $8,800 $5,871
Average Loan Size / GDP per capita (PPP) 7.90% 6.78%
Average Time to Fund a Loan 0.39 days 6.92 days
Average Dollars Raised Per Day Per Loan $1,761.66 $57.54
  Average Loan Term 34.63 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 160 519,181
  Journaling Rate 25.30% 41.20%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR N/A 26.28% PY
  Profitability (return on assets) -49.8% N/A -1.13%
  Average Loan Size (% of per capita income) N/A N/A 16.31%

Country Fast Facts

Field Partner Staff

Roxanna Chen
Anna Cho
Minni Forman
Maya Granit
Emily Stone