Fairtrasa is a global social enterprise that provides marginalized farmers in developing countries with tailored training programs, certification, capital, and logistical support.  The enterprise then connects farmers to fair-paying markets by selling their organic and fairtrade products through Fairtrasa’s global sales network. Through its sustainable business model, Fairtrasa helps farmers increase yield, improve quality and adopt sustainable farming practices.

A unique lending approach:

Fairtrasa provides loans to small-scale farmers, with an average plot of between 1 and 5 hectares, so that they are able to purchase equipment and obtain organic farming inputs such as fertilizer and seeds. Loan repayment is based on each farmer’s crop cycle and will be repaid in a single payment at the end of the term.  

Fairtrasa is committed to helping small-scale farmers lift themselves out of poverty through sustainable agriculture, ensuring a prosperous future for their families and communities. Kiva loans will also enable farmers to more rapidly transition to organic farming at a lower cost. With Kiva’s support, Fairtrasa will be able to provide access to credit to more farmers in need.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 15, 2014 Oct 12, 2005
Total Loans $169,850 $1,495,284,700
Amount of raised Inactive loans $0 $252,975
Number of raised Inactive loans 0 141
Amount of Paying Back Loans $15,000 $153,518,250
Number of Paying Back Loans 6 187,377
Amount of Ended Loans $154,850 $1,341,513,475
Number of Ended Loans 104 1,759,595
Delinquency Rate 16.67% 20.43%
Amount in Arrears $2,500 $19,849,850
Outstanding Portfolio $15,000 $97,161,941
Number of Loans Delinquent 1 69,174
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $23,256,208
Number of Ended Loans Defaulted 0 57,822
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,269,398
Refund Rate 0.10% 0.62%
Amount of Refunded Loans $175 $9,331,075
Number of Refunded Loans 1 8,663

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 27.19% 76.90%
Average Loan Size $1,532 $393
Average Individual Loan Size $1,532 $606
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $12,000 $5,710
Average Loan Size / GDP per capita (PPP) 12.76% 6.89%
Average Time to Fund a Loan 3.64 days 7.8 days
Average Dollars Raised Per Day Per Loan $421.30 $50.44
  Average Loan Term 8.37 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 6 931,748
  Journaling Rate 5.71% 43.18%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 9% APR 29.00% PY 26.45% PY
  Profitability (return on assets) -9.31% 1.4% -0.68%
  Average Loan Size (% of per capita income) N/A 42.00% 12.07%

Country Fast Facts

Field Partner Staff

Edhinson Pastor Castro
Jim Ruiz
Patrick Struebi