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:

Co-founded by Nobel Prize laureate Muhammad Yunus, Yunus Social Business (YSB) is the international implementation arm for social business, headquartered in Frankfurt, Germany. YSB's main activity involves setting up Social Business Incubator Funds in developing countries to kickstart social business entrepreneurship.

An Incubator Fund consists of an incubator, which searches for social business entrepreneurs, trains them, helps them improve their business plans, and provides post-investment support; and a fund, which provides debt and equity financing to these social businesses. YSB currently operates in Haiti, Albania, Tunisia, Uganda, Colombia, Brazil, and India. 

YSB’s major goals are to:

1) Create livelihoods and employment opportunities in vulnerable and underserved communities by supporting market-orientated and self-sustainable social businesses that are designed to address a pressing social need.

2) Provide financing and incubation services to social businesses through the Social Business Incubator Funds model.

3) Address pressing social, economic and environmental problems faced by the community by providing a means for the local people to help themselves.

A Social Business is a company created for social benefit rather than private profit. Like an NGO, it has a social or environmental mission, but like a business, it generates its own revenues to cover its costs. Investors may recoup their initial investment, but all further profits are reinvested for growth and innovation, or to seed new social business ventures. After creating more than 40 successful social businesses in Bangladesh, Professor Yunus set up YSB in order to introduce the concept of social business around the world.

Together, Kiva and YSB will focus on providing loans for social businesses. Businesses that help provide employment opportunities to young people, encourage entrepreneurship, empower women, and stimulate economic activity outside of urban areas are prioritized.

YSB is raising funds for its social businesses on Kiva. Because large amounts of credit are required, some social business loans will be raised only partially on Kiva, with the rest of the money coming from other investors in YSB.

Support YSB and its borrowers by joining the YSB lending team today!



 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 16, 2013 Oct 12, 2005
Total Loans $313,900 $920,917,375
Amount of raised Inactive loans $0 $536,650
Number of raised Inactive loans 0 314
Amount of Paying Back Loans $240,000 $138,251,250
Number of Paying Back Loans 5 168,082
Amount of Ended Loans $73,900 $782,129,475
Number of Ended Loans 2 978,743
Delinquency Rate 0.00% 8.66%
Amount in Arrears $0 $7,682,445
Outstanding Portfolio $240,000 $88,739,196
Number of Loans Delinquent 0 22,093
Default Rate 92.88% (See Note) 1.37%
Amount of Ended Loans Defaulted $68,639 $10,705,162
Number of Ended Loans Defaulted 2 30,589
Currency Exchange Loss Rate 0.20% 0.46%
Amount of Currency Exchange Loss $618 $4,207,405
Refund Rate 12.74% 0.63%
Amount of Refunded Loans $40,000 $5,839,875
Number of Refunded Loans 1 5,905

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 75.08%
Average Loan Size $44,238 $403
Average Individual Loan Size $44,238 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,300 $5,910
Average Loan Size / GDP per capita (PPP) 3,402.88% 6.82%
Average Time to Fund a Loan 11.43 days 6.96 days
Average Dollars Raised Per Day Per Loan $3,870.12 $57.85
  Average Loan Term 75.38 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 10 478,842
  Journaling Rate 0.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 8% APR N/A 26.13% PY
  Profitability (return on assets) -0.57% N/A -0.06%
  Average Loan Size (% of per capita income) N/A N/A 17.82%

Country Fast Facts

Field Partner Staff

Leonard Dalipi
Sophie Eisenmann
Karen Hitschke
Clementine Lalande
Bastian Mueller