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Partner Description:

Belghoria Janakalyan Samity (BJS) is an Indian non-profit organization that focuses on poverty alleviation through women’s empowerment. By providing its clients with both financial and non-financial services, the organization aims to promote a more holistic and sustainable approach to development.

BJS strongly advocates for the financial inclusion of vulnerable women. It works with self-help groups to reach women in rural areas, offering them microcredit as well as skill development, vocational training, financial literacy training, and capacity building programs. The organization believes that while financial empowerment leads to self-sufficiency, technical skills ensure economic sustainability. BJS therefore stresses the importance of non-financial services for clients.

BJS also offers social services to the surrounding communities, including programmes for school-aged children. In January 2012, the institution opened an informal primary school, “BJS Siksha Niketan” in Laxminathpur. Over 40 children from the ages of 3 to 10 years attend the school and their books, stationary and uniforms are fully funded by the organization. BJS also regularly disburses scholarships and awards books on a merit basis to other students throughout its network.

Alongside its educational programs, BJS actively promotes medical initiatives throughout rural regions, offering social awareness training on topics including sanitation, hygiene and the environment. In 2011, the organization held medical camps for the surrounding communities that included eye exams and cancer detection.

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A unique lending approach:

BJS has only been able to offer clients one income-generating loan product due to extremely limited resources. Through this partnership, Kiva lenders’ funds will be used to reach more rural areas as well as create new loans that the organization would otherwise be unable to offer.

In a region where most other MFIs focus solely on credit products, BJS promotes holistic community development through the social services that it offers. Kiva’s partnership with BJS is critical to these non-financial services, as it will help the organization to continue providing vital support to vulnerable and underserved women and their communities.
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Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 25, 2013 Oct 12, 2005
Total Loans $799,975 $874,211,875
Amount of raised Inactive loans $0 $705,675
Number of raised Inactive loans 0 526
Amount of Paying Back Loans $799,975 $136,049,800
Number of Paying Back Loans 3,389 165,997
Amount of Ended Loans $0 $737,456,400
Number of Ended Loans 0 916,276
Delinquency Rate N/A 8.55%
Amount in Arrears N/A $7,496,222
Outstanding Portfolio N/A $87,693,474
Number of Loans Delinquent N/A 22,519
Default Rate N/A (See Note) 1.32%
Amount of Ended Loans Defaulted N/A $9,715,330
Number of Ended Loans Defaulted N/A 27,173
Currency Exchange Loss Rate N/A 0.44%
Amount of Currency Exchange Loss N/A $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 100.00% 74.90%
Average Loan Size $236 $408
Average Individual Loan Size $236 $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 $4,000 $5,934
Average Loan Size / GDP per capita (PPP) 5.90% 6.87%
Average Time to Fund a Loan 2.1 days 6.92 days
Average Dollars Raised Per Day Per Loan $112.40 $58.88
  Average Loan Term 41.85 months 11.05 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 447,150
  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 22% PY 22.00% PY 26.87% PY
  Profitability (return on assets) 3.2% 1.2% -0.78%
  Average Loan Size (% of per capita income) N/A 10.00% 18.82%

Country Fast Facts

Field Partner Staff

Prasanta Baidya
Uttama Chakraborty
Bishwajit Das
Shelley Graner