Status Update — October 8, 2018

Rural Agency for Development (RAFODE) has now repaid Kiva in full for its past due amount.

Status Update — November 8, 2017

Kiva terminated its partnership with Rural Agency for Development (RAFODE) in October 2007, and at that time, refunded all RAFODE loans made by Kiva lenders using its own funds. Recently, RAFODE proactively reached out to Kiva about amicably resolving its past due amount, and has agreed to a payment plan that will make good on its obligation to Kiva. Kiva has received the first installment in accordance with this plan.

Status Update — October 1, 2007

As you may be aware, each business on Kiva’s website is posted by one of Kiva’s 60+ Field Partners in 39 developing countries.  A Field Partner is an independent microfinance institution that has a history of lending to the poor for a social purpose. They screen each entrepreneur, post his/her profile on the Kiva website, and administer your loan.

Kiva routinely audits each Field Partner to ensure your loan is being dutifully administered to the entrepreneur you’ve selected. In the course of auditing our Field Partner, Rural Agency for Development (RAFODE) in Kenya, Kiva discovered that some entrepreneurs were not receiving the full amount of their loans. 

This violates Kiva’s policies and we have terminated our relationship with Rural Agency for Development (RAFODE). All of the loans made to entrepreneurs served by this Field Partner have been refunded. We hope you realize that our audit uncovered a true exception to the norm; the vast majority of our Field Partners administer your loans with the highest integrity. Kiva will continue to audit Field Partners to ensure your loan is being dutifully administered – and to make our website a model for transparency in international development.


Partner Description:

Rafode is a non-profit community development organization formed to provide financial services to the low income people in Kenya. We aim at reaching out to economically poor populations through the provision of savings and credit facilities. Our mission is to enable the poor to get access to credit and save in order to help them adress life cycle risks.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 4, 2007 Oct 12, 2005
Total Loans $0 $1,334,518,100
Amount of raised Inactive loans $0 $780,725
Number of raised Inactive loans 0 959
Amount of Paying Back Loans $0 $142,811,075
Number of Paying Back Loans 0 188,649
Amount of Ended Loans $0 $1,190,926,300
Number of Ended Loans 0 1,533,031
Delinquency Rate 0.00% 10.31%
Amount in Arrears $0 $9,073,083
Outstanding Portfolio $0 $88,009,921
Number of Loans Delinquent 0 45,483
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $20,648,795
Number of Ended Loans Defaulted 0 50,354
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,194,892
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $24,450 $7,885,125
Number of Refunded Loans 48 7,780

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.33% 76.40%
Average Loan Size $509 $394
Average Individual Loan Size $509 $610
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,775
Average Loan Size / GDP per capita (PPP) 28.30% 6.82%
Average Time to Fund a Loan 0.76 days 7.13 days
Average Dollars Raised Per Day Per Loan $673.57 $55.25
  Average Loan Term 9.5 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 790,868
  Journaling Rate 0.00% 43.11%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 25.32% PY
  Profitability (return on assets) N/A 0.5% -1.77%
  Average Loan Size (% of per capita income) N/A 56.00% 12.92%

Country Fast Facts

Field Partner Staff

Benson Malenya
Antony Mayodi
Nelson Ondiek