Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update — April 18, 2016

YBSVG is having some difficulties making payments back to Kiva, however Kiva remains in constant communication with the organization’s management. As soon as we are able to define with YBSVG the correct course of action in order to retrieve payments and have more detailed information to share with lenders, we will post it to this page. 
 

Partner Description:
Youth Business St. Vincent and the Grenadines is a non-profit organization that was established in 2012 to address the level of poverty, unemployment and underemployment among youth in country.

 
The organization offers business loans, in addition to business planning help, mentoring, and accounting and money management advice. It targets youth who otherwise would not be able to acquire a loan or access funding due to their personal circumstances, social status or lack of collateral.
 
A unique lending approach:
 
YBSVG assists disadvantaged youth, including former convicted criminals, youth who live in abject poverty, those living with a physically disability, and many who could not complete schooling. Each loan issued by YBSVG is intended to help entrepreneurs start their businesses. A low interest rate of 7-12% and loan duration of up to 5 years make the organization’s loans accessible and flexible. With Kiva’s support, YBSVG will be able to expand their current credit program, keep up with demand, and provide disadvantaged youth with more opportunities.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 16, 2014 Oct 12, 2005
Total Loans $49,225 $850,324,500
Amount of raised Inactive loans $0 $408,200
Number of raised Inactive loans 0 183
Amount of Paying Back Loans $49,225 $134,701,225
Number of Paying Back Loans 16 163,278
Amount of Ended Loans $0 $715,215,075
Number of Ended Loans 0 886,512
Delinquency Rate 34.53% 8.81%
Amount in Arrears $15,413 $7,608,143
Outstanding Portfolio $44,639 $86,377,071
Number of Loans Delinquent 16 24,798
Default Rate 0.00% 1.30%
Amount of Ended Loans Defaulted $0 $9,268,518
Amount of Ended Loans $0 $715,215,075
Number of Ended Loans Defaulted 0 24,054
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,656,209
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,429,350
Number of Refunded Loans 0 5,746

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 74.82%
Average Loan Size $3,077 $408
Average Individual Loan Size $3,077 $642
Average Group Loan Size $0 $1,812
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $10,900 $5,939
Average Loan Size / GDP per capita (PPP) 28.23% 6.87%
Average Time to Fund a Loan 0.48 days 6.88 days
Average Dollars Raised Per Day Per Loan $6,373.69 $59.29
  Average Loan Term 34.85 months 11.02 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 423,933
  Journaling Rate 0.00% 40.63%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.33

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 7% APR N/A 27.68% PY
  Profitability (return on assets) N/A N/A -0.70%
  Average Loan Size (% of per capita income) N/A N/A 19.27%

Country Fast Facts

Field Partner Staff

Yohance Gibson
Kenneth Lynch
Amos Tittle