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Partner Description:

The American University of Central Asia (AUCA) is a nonprofit, international, multidisciplinary university in Bishkek, Kyrgyzstan. Founded in 1993 with the support of the United States Government and the Open Society Institute, it provides a unique, American-style liberal arts curriculum for top students in the region.

AUCA offers a preparatory program, 11 undergraduate majors including sociology, business administration, international and business law, and a graduate program. Students are required to take courses in both Russian and English languages.

Kyrgyzstan’s economy was severely affected by the collapse of the Soviet trading block. As a result, more than 20% of the Kyrgyz population has moved to other parts of the former Soviet Union within the past 10 years to seek work. While strong growth in neighboring Kazakhstan and China has created opportunities for expansion, Kyrgyzstan’s economy remains vulnerable to external shocks. Persistently high inflation, coupled with the global financial crisis, threaten to undermine recent improvements in poverty levels.

AUCA prides itself on having upheld democracy, openness, and innovation over the course of its 20-year history. Since its inception, the university has graduated over 2,200 students, beginning with the first class of 47 graduates in 1997. Some of these students have gone on to continue their studies at prestigious universities around the world, including Harvard, Yale, the Sorbonne, and Central European University.

Kiva lenders’ funds are used to supplement the financial aid packages with loans offered to students starting their freshman year at AUCA.

A unique lending approach:

About 90% of AUCA students receive financial aid, with an average package of KGS 135,000 per student (US$2,813). Approximately 84% of these students are from Kyrgyzstan, and 60% of the students who receive financial aid are female. 32% of students are Kyrgyz and come from outside the capital city, representing every state (oblast) of the country.

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AUCA has 2 application deadlines -- one in May and one in July. It expects to admit about 350 students into the freshman class, and about 90% of them will receive some form of financial aid. All students receiving financial aid will be asked to take out a loan -- either a Kiva loan or a loan from AUCA. Kiva loans will be available to support up to half of the incoming freshmen class.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 30, 2013 Oct 12, 2005
Total Loans $414,800 $874,211,875
Amount of raised Inactive loans $29,700 $705,675
Number of raised Inactive loans 27 526
Amount of Paying Back Loans $305,300 $136,049,800
Number of Paying Back Loans 273 165,997
Amount of Ended Loans $79,800 $737,456,400
Number of Ended Loans 72 916,276
Delinquency Rate 0.00% 8.55%
Amount in Arrears $10 $7,496,222
Outstanding Portfolio $282,203 $87,693,474
Number of Loans Delinquent 1 22,519
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,715,330
Number of Ended Loans Defaulted 0 27,173
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 63.76% 74.90%
Average Loan Size $1,115 $408
Average Individual Loan Size $1,115 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,500 $5,934
Average Loan Size / GDP per capita (PPP) 44.60% 6.87%
Average Time to Fund a Loan 6.19 days 6.92 days
Average Dollars Raised Per Day Per Loan $180.09 $58.88
  Average Loan Term 76.12 months 11.05 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 581 447,150
  Journaling Rate 0.00% 41.58%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 34.00% PY 26.87% PY
  Profitability (return on assets) 0.49% 3.4% -0.78%
  Average Loan Size (% of per capita income) N/A 90.00% 18.82%

Country Fast Facts

Field Partner Staff

Erke Abakirova
Gulazim Bolotova
Gulnur Esenalieva
Aisulu Sulaimanova
Bryant Weiskopf