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 28, 2016

Kiva and Etkie have agreed to end their partnership after more than 2 years and more than $4,000 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 Etkie for the years of collaboration and wish them success in their future endeavors.

Partner Description

Etkie is a social enterprise committed to the financial and social empowerment of women Navajo artisans in New Mexico. By promoting their jewelry through its online sales platform, Etkie strives to help Native American artisans sell their products at fair prices to earn a higher income and eventually attain financial independence.

Today most Navajo reservations are in remote locations and face important community challenges including high unemployment and housing shortages. In these reservations, women are traditionally the sole heads of households and -- being very skilled in beadwork -- their art is often their principal source of income.

Founded in 2011, Etkie works exclusively with women, most of whom have been socially excluded or have physical disabilities. In addition to manufacturing and marketing assistance, the organization also offers clients holistic support, including transportation, organizational and technical assistance. While many women already sell their jewelry to the local market, their access to out-of-state markets remains deeply limited. Etkie aims to unlock opportunities by opening their access to the larger market.

By working with Etkie, the organization hopes that these artisans will not only learn to create their own sustainable business, but also grow in self-esteem and improve their living standards. 

A unique lending approach

Through this partnership, Kiva lenders will be able to support Navajo artisans to produce their jewelry through in-kind, interest-free loans. Etkie will offer existing clients these loans to help them finance their production costs, for example for beads, copper, leather, loom, loom thread, tools, and transportation to and from the reservation. 

Each loan will typically range between $500 and $1000 USD, with a repayment term of 12-months. In order to best accommodate its clients, Etkie will collect monthly repayments from the artisans according to their monthly revenue and Kiva lenders will see a lump repayment at the end of the tenor.

Etkie joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2013 Oct 12, 2005
Total Loans $4,000 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $0 $160,872,085
Number of Paying Back Loans 0 188,297
Amount of Ended Loans $4,000 $1,768,236,180
Number of Ended Loans 2 2,370,020
Delinquency Rate 0.00% 12.24%
Amount in Arrears $0 $12,206,242
Outstanding Portfolio $0 $99,725,561
Number of Loans Delinquent 0 72,811
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,298,216
Number of Ended Loans Defaulted 0 84,743
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
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% 78.22%
Average Loan Size $1,000 $392
Average Individual Loan Size $1,000 $589
Average Group Loan Size $3,000 $1,891
Average number of borrowers per group 3 8.3
Average GDP per capita (PPP) in local country $54,800 $5,599
Average Loan Size / GDP per capita (PPP) 1.82% 7.00%
Average Time to Fund a Loan 0.36 days 8.93 days
Average Dollars Raised Per Day Per Loan $2,812.32 $43.87
  Average Loan Term 10 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 1 1,178,470
  Journaling Rate 50.00% 42.26%
  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 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% 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