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Partner Description:

Vahatra is a non-profit organization in Madagascar that provides loans to low-income families who earn an average of $1 a day.

Vahatra's lending is focused primarily on supporting clients' new or existing income-generating activities. The organization has also designed loan products to help borrowers pay for school fees, emergency situations, professional training, and to support community-based social groups. Vahatra carefully evaluates each family’s need and economic capacity before issuing a loan in order to tailor a solution for each situation.

A unique lending approach:

Vahatra provides loans to low-income families. Borrowers can take out loans for a range of services including enterprise loans to cover commerce, and social loans to cover professional training and school fees. Additionally, the organization offers health insurance at two branches, provides career development training to young people, and runs a preschool and other family services.
Vahatra offers two customizable microenterprise loan products- a “first loan” and a “subsequent loan.” First loans are capped at $60, while subsequent loans can be as much as $1,400, depending on client capacity and repayment history during previous loan cycles. With Kiva funding, this small organization will be able to provide services to to more families.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 2, 2015 Oct 12, 2005
Total Loans $1,132,450 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $199,325 $147,970,550
Number of Paying Back Loans 739 195,474
Amount of Ended Loans $933,125 $1,182,285,025
Number of Ended Loans 3,407 1,522,055
Delinquency Rate 53.06% 10.42%
Amount in Arrears $55,949 $9,802,012
Outstanding Portfolio $105,439 $94,101,479
Number of Loans Delinquent 668 55,529
Default Rate 0.04% 1.74%
Amount of Ended Loans Defaulted $399 $20,609,355
Number of Ended Loans Defaulted 7 50,258
Currency Exchange Loss Rate 0.26% 0.39%
Amount of Currency Exchange Loss $2,934 $5,175,709
Refund Rate 0.10% 0.59%
Amount of Refunded Loans $1,100 $7,878,725
Number of Refunded Loans 3 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.87% 76.40%
Average Loan Size $273 $394
Average Individual Loan Size $273 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,000 $5,776
Average Loan Size / GDP per capita (PPP) 27.32% 6.82%
Average Time to Fund a Loan 1.35 days 7.13 days
Average Dollars Raised Per Day Per Loan $202.34 $55.26
  Average Loan Term 9.31 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,998 789,496
  Journaling Rate 61.82% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.81

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 46% PY 42.00% PY 25.36% PY
  Profitability (return on assets) 1.7% 0.9% -1.96%
  Average Loan Size (% of per capita income) N/A 142.00% 12.88%

Country Fast Facts

Field Partner Staff

Vero Randriamihaja
Julio Vahatriniaina