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 11, 2017
Kiva and Thrive Networks - Vietnam have agreed to end their partnership after over 4 years and more than $400,000 in loans raised. This Lending Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Thrive Networks - Vietnam for the years of collaboration and wish them success in their future endeavors.

Partner description:

East Meets West Foundation has relaunched as Thrive Networks on August 26th, 2014.
Thrive Networks is changing the nonprofit business model -- integrating projects and pooling resources so organizations can work together to radically increase impact and hence establish an innovation network for social change. Kiva's formal partnership is now with the Thrive Networks entity, and the name of this partnership has been updated accordingly.

Thrive Networks is creating sustainable and catalytic solutions to difficult development problems. In particular, the organization focuses on providing clean water and sanitation, health services and education that poor communities could not otherwise afford. Since its founding over 26 years ago, the foundation has impacted nearly 6 million impoverished individuals and has invested over $106 million in development solutions.

Based in Oakland, California, Thrive Networks currently operates in Cambodia, India, Laos, Myanmar, the Philippines, and Timor-Leste in addition to Vietnam. Kiva will be working with the organization primarily in Vietnam to support clean water and sanitation initiatives.

Thrive Networks' Clean Water and Sanitation program provides a sustainable clean water supply to rural populations through the construction of school and village water systems. This is a subset of the community Hygiene Output-Based Aid (CHOBA) program, which is supported by many international development funders. The program is estimated to benefit over 1.7 million people in Vietnam and Cambodia.

In health care, the foundation works to reduce infant mortality and morbidity by helping hospitals acquire new, durable neonatal equipment, and state of the art staff training. The program targets common, preventable but too often deadly newborn illnesses like respiratory distress and jaundice.

Thrive Networks' dental program provides free dental care for poor children in Vietnam through clinic and outreach trips. Fees paid by regular customers subsidize care for the poor. And the organization is piloting new clinics this year and next in two of Cambodia’s poorest provinces.

On top of this, another foundation initiative called Operation Healthy Heart, provides financial assistance for impoverished families to treat children with heart defects. A two-year pilot program in Vietnam supports local screening and treatment referrals.

Kiva lenders’ funds will be used to help borrowers obtain quality sanitation equipment so they can build better, healthier futures.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 24, 2013 Oct 12, 2005
Total Loans $435,375 $1,959,851,975
Amount of raised Inactive loans $0 $372,750
Number of raised Inactive loans 0 341
Amount of Paying Back Loans $0 $157,781,285
Number of Paying Back Loans 0 181,865
Amount of Ended Loans $435,375 $1,771,710,075
Number of Ended Loans 119 2,378,176
Delinquency Rate 0.00% 11.74%
Amount in Arrears $0 $11,302,177
Outstanding Portfolio $0 $96,293,849
Number of Loans Delinquent 0 50,859
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,353,831
Number of Ended Loans Defaulted 0 84,926
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,017,791
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.24%
Average Loan Size $442 $392
Average Individual Loan Size $0 $589
Average Group Loan Size $3,659 $1,892
Average number of borrowers per group 8.3 8.3
Average GDP per capita (PPP) in local country $5,600 $5,599
Average Loan Size / GDP per capita (PPP) 7.90% 7.00%
Average Time to Fund a Loan 16.36 days 8.93 days
Average Dollars Raised Per Day Per Loan $27.05 $43.85
  Average Loan Term 21.74 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 89 1,178,858
  Journaling Rate 53.78% 42.23%
  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 2015 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 22.00% PY 27.02% PY
  Profitability (return on assets) -38% 7.2% -3.10%
  Average Loan Size (% of per capita income) N/A 11.00% 0.00%

Country Fast Facts

Lending Partner Staff

Huong Ha
Thuy Ngo