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

Status update — December 18, 2019

Maya Mountain Cacao (MMC) expects to eventually recover the balance of their 34 paying back Kiva loans. Those 34 farmers remain in the MMC network and will likely need several more crop cycles to repay their loans. MMC has been reporting repayments monthly and until May of this year they were collecting around $200 per month. However, collections have slowed in the later half of the year as farmers' cacao crops have been affected by frosty pod rot (a fungus).

Uncommon Cacao (see previous status update) has not posted new loans from MMC. They have been posting loans from another wholly owned subsidiary, Cacao Verapaz, in Guatemala. These are larger loans to farmer associations and the associations have been repaying on time.

Status update — May 24, 2018

Kiva has moved this Lending Partner to inactive status. Kiva fully expects Maya Mountain Cacao to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. The Kiva partnership is being transitioned from Maya Mountain Cacao to their parent company, Uncommon Cacao, who should be active shortly. By partnering with Uncommon Cacao, Kiva will be able to support a transparent, responsible cacao value-chain across many geographies. Uncommon Cacao will continue to post loans to Kiva for the smallholder cacao growers within the Maya Mountain Cacao network.

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 Lending Partner All Kiva Partners
  Start Date On Kiva Dec 20, 2012 Oct 12, 2005
Total Loans $148,850 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $20,050 $160,872,085
Number of Paying Back Loans 27 188,297
Amount of Ended Loans $128,800 $1,768,236,180
Number of Ended Loans 187 2,370,020
Delinquency Rate 100.00% 12.24%
Amount in Arrears $8,316 $12,206,242
Outstanding Portfolio $8,316 $99,725,561
Number of Loans Delinquent 27 72,811
Default Rate 44.99% 1.83%
Amount of Ended Loans Defaulted $57,952 $32,298,216
Number of Ended Loans Defaulted 67 84,743
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
Refund Rate 1.23% 0.54%
Amount of Refunded Loans $1,825 $10,526,300
Number of Refunded Loans 5 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 7.31% 78.22%
Average Loan Size $688 $392
Average Individual Loan Size $688 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $8,800 $5,599
Average Loan Size / GDP per capita (PPP) 7.82% 7.00%
Average Time to Fund a Loan 0.38 days 8.93 days
Average Dollars Raised Per Day Per Loan $1,808.18 $43.87
  Average Loan Term 33.74 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 254 1,178,470
  Journaling Rate 46.26% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR N/A 27.02% PY
  Profitability (return on assets) -29.6% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Anna Chun
Petrona Diane Coy
Maya Mountain Cacao