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- March 9, 2021


Kiva has moved this Lending Partner to inactive status, which means Yunus Social Business is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders for as long as the partner has an outstanding balance. Yunus Social Business hasn't posted a new loan in over 3 years. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary


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 Lending Partner All Kiva Partners
  Start Date On Kiva Aug 16, 2013 Oct 12, 2005
Total Loans $313,900 $1,958,960,270
Amount of raised Inactive loans $0 $198,810
Number of raised Inactive loans 0 174
Amount of Paying Back Loans $100,000 $161,515,145
Number of Paying Back Loans 1 189,106
Amount of Ended Loans $213,900 $1,768,242,580
Number of Ended Loans 6 2,370,068
Delinquency Rate 100.00% 12.15%
Amount in Arrears $65,606 $12,196,492
Outstanding Portfolio $57,606 $100,379,645
Number of Loans Delinquent 1 72,762
Default Rate 60.14% 1.83%
Amount of Ended Loans Defaulted $128,639 $32,307,398
Number of Ended Loans Defaulted 4 84,791
Currency Exchange Loss Rate 0.20% 0.50%
Amount of Currency Exchange Loss $618 $11,998,745
Refund Rate 12.74% 0.54%
Amount of Refunded Loans $40,000 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 78.24%
Average Loan Size $44,238 $392
Average Individual Loan Size $44,238 $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 $1,300 $5,599
Average Loan Size / GDP per capita (PPP) 3,402.88% 7.00%
Average Time to Fund a Loan 11.43 days 8.93 days
Average Dollars Raised Per Day Per Loan $3,870.12 $43.86
  Average Loan Term 75.38 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 24 1,178,680
  Journaling Rate 100.00% 42.25%
  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 14% APR N/A 27.02% PY
  Profitability (return on assets) N/A N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Braian Agesta
Flora Drozak
Sophie Eisenmann
Anna Przygodda