BagoSphere provides vocational training in the Philippines to help rural youth prepare for call center jobs. These jobs enable young people to earn far more than they could at unskilled labor positions, and enable them to save for professional and personal development goals.  

BagoSphere focuses on serving low-income, out-of-school youth from rural areas; building important life skills, such as personal financial literacy; and delivering a comprehensive program with more than 80% job placement rates.

A Unique Lending Approach:

BagoSphere has a “study now pay later” tuition loan program with 0% interest for students admitted to their program that demonstrate financial need.  Kiva capital would be used to extend this program. They piloted this program in 2013 by providing 15 loans with support from Kiva partner Negros Women for Tomorrow Foundation.  Going forward, BagoSphere would like to develop loan capacity in-house and hopes to scale this program over time as an integral part of the services they provide.  

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 3, 2014 Oct 12, 2005
Total Loans $80,250 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $45,575 $136,648,425
Number of Paying Back Loans 115 167,060
Amount of Ended Loans $34,675 $737,601,350
Number of Ended Loans 86 916,439
Delinquency Rate 61.49% 8.46%
Amount in Arrears $20,185 $7,476,165
Outstanding Portfolio $32,827 $88,321,485
Number of Loans Delinquent 88 22,435
Default Rate 22.89% 1.32%
Amount of Ended Loans Defaulted $7,936 $9,707,641
Number of Ended Loans Defaulted 30 27,160
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 3.46% 0.65%
Amount of Refunded Loans $2,775 $5,700,625
Number of Refunded Loans 7 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 73.08% 74.90%
Average Loan Size $399 $407
Average Individual Loan Size $399 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $7,000 $5,934
Average Loan Size / GDP per capita (PPP) 5.70% 6.86%
Average Time to Fund a Loan 1.42 days 6.92 days
Average Dollars Raised Per Day Per Loan $280.88 $58.85
  Average Loan Term 16.97 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 92 447,300
  Journaling Rate 35.03% 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 46.00% PY 26.87% PY
  Profitability (return on assets) N/A 4.8% -0.78%
  Average Loan Size (% of per capita income) N/A 8.00% 18.82%

Country Fast Facts

Field Partner Staff

Irish Abello
Tippi Fernandez
Ronilo Geroy
Zhihan Lee
Queobel Tacorda