Status update- September 13, 2021

Kiva has moved this Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Oct 15, 2014 Oct 12, 2005
Total Loans $174,850 $1,633,160,845
Amount of raised Inactive loans $0 $2,270,625
Number of raised Inactive loans 0 4,012
Amount of Paying Back Loans $5,000 $160,510,475
Number of Paying Back Loans 2 190,051
Amount of Ended Loans $169,850 $1,470,379,745
Number of Ended Loans 110 1,944,841
Delinquency Rate 0.00% 16.14%
Amount in Arrears $0 $16,081,753
Outstanding Portfolio $5,000 $99,647,416
Number of Loans Delinquent 0 54,841
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $25,169,930
Number of Ended Loans Defaulted 0 62,990
Currency Exchange Loss Rate 0.00% 0.41%
Amount of Currency Exchange Loss $0 $7,245,579
Refund Rate 0.10% 0.58%
Amount of Refunded Loans $175 $9,499,275
Number of Refunded Loans 1 8,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 27.35% 77.46%
Average Loan Size $1,549 $390
Average Individual Loan Size $1,549 $601
Average Group Loan Size $0 $1,800
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $12,000 $5,664
Average Loan Size / GDP per capita (PPP) 12.91% 6.89%
Average Time to Fund a Loan 3.58 days 8.13 days
Average Dollars Raised Per Day Per Loan $432.28 $48.00
  Average Loan Term 8.45 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 6 987,166
  Journaling Rate 5.45% 42.01%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

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 26.62% PY
  Profitability (return on assets) -9.31% 1.4% -0.18%
  Average Loan Size (% of per capita income) N/A 42.00% 11.58%

Country Fast Facts

Field Partner Staff

Edhinson Pastor Castro
Jim Ruiz
Patrick Struebi