Status Update- September 12, 2022


Kiva and Fairtrasa have agreed to end their partnership after nearly 8 years and more than $174,000 in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Fairtrasa for the years of collaboration and wish them success in their future endeavors.


Status update- September 13, 2021

Kiva has moved this Lending Partner to inactive status, which means Fairtrasa is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders for as long as the partner has an outstanding balance. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.


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 Lending Partner All Kiva Partners
  Start Date On Kiva Oct 15, 2014 Oct 12, 2005
Total Loans $174,850 $1,962,045,250
Amount of raised Inactive loans $0 $898,755
Number of raised Inactive loans 0 437
Amount of Paying Back Loans $0 $154,663,925
Number of Paying Back Loans 0 180,233
Amount of Ended Loans $174,850 $1,775,886,350
Number of Ended Loans 112 2,382,964
Delinquency Rate 0.00% 11.48%
Amount in Arrears $0 $10,646,073
Outstanding Portfolio $0 $92,699,447
Number of Loans Delinquent 0 44,536
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,352,443
Number of Ended Loans Defaulted 0 84,926
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,026,994
Refund Rate 0.10% 0.54%
Amount of Refunded Loans $175 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 27.35% 78.24%
Average Loan Size $1,549 $392
Average Individual Loan Size $1,549 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $12,000 $5,599
Average Loan Size / GDP per capita (PPP) 12.91% 7.00%
Average Time to Fund a Loan 3.58 days 8.94 days
Average Dollars Raised Per Day Per Loan $432.28 $43.85
  Average Loan Term 8.45 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 6 1,181,733
  Journaling Rate 5.36% 42.25%
  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 9% APR 29.00% PY 27.02% PY
  Profitability (return on assets) -9.3% 1.4% -3.10%
  Average Loan Size (% of per capita income) N/A 42.00% 0.00%

Country Fast Facts

Lending Partner Staff