Quang Binh Women Development Fund
Approved to post Kiva loans from: Vietnam
Quang Binh Women Development Fund (QBWDF) is a social fund that provides households in the Quang Binh province of Vietnam with loans for small businesses and to construct sanitary latrines. Lack of sanitation is a major health concern for the 20-30% of Quang Binh’s population who live well below the poverty line.
QBWDF aims to improve the health standards of these communities by providing loans to women who would otherwise not be able to afford building sanitary latrines in their communities.
A unique lending approach:
QBWDF uses a group lending strategy to provide loans to 10-15 women who are already part of a savings/loan group. Most of these women earn less than $2/day.
QBWDF offers loans depending on the type of latrine needed and the loan is repaid in monthly installments. After dispersing the loans, QBWDF follows up with borrowers to ensure they have used the loans to build and/or update their latrines.
The loans provide funding to women that help cover the cost of materials and labor to construct sanitary latrines. Additionally, QBWDF trains masons to construct the latrines and connects the masons with clients in need. QBWDF has trained at least one mason for every community where the latrines will be built.
QBWDF aims to improve the health standards of these communities by providing loans to women who would otherwise not be able to afford building sanitary latrines in their communities.
A unique lending approach:
QBWDF uses a group lending strategy to provide loans to 10-15 women who are already part of a savings/loan group. Most of these women earn less than $2/day.
QBWDF offers loans depending on the type of latrine needed and the loan is repaid in monthly installments. After dispersing the loans, QBWDF follows up with borrowers to ensure they have used the loans to build and/or update their latrines.
The loans provide funding to women that help cover the cost of materials and labor to construct sanitary latrines. Additionally, QBWDF trains masons to construct the latrines and connects the masons with clients in need. QBWDF has trained at least one mason for every community where the latrines will be built.
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Jun 10, 2014 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,580,325 | $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 | $629,600 | $160,510,475 | |
| Number of Paying Back Loans | 1,164 | 190,051 | |
| Amount of Ended Loans | $1,950,725 | $1,470,379,745 | |
| Number of Ended Loans | 3,395 | 1,944,841 | |
| Delinquency Rate | 31.25% | 16.14% | |
| Amount in Arrears | $95,963 | $16,081,753 | |
| Outstanding Portfolio | $307,026 | $99,647,416 | |
| Number of Loans Delinquent | 1,162 | 54,841 | |
| Default Rate | 0.05% | 1.71% | |
| Amount of Ended Loans Defaulted | $1,049 | $25,169,930 | |
| Number of Ended Loans Defaulted | 6 | 62,990 | |
| Currency Exchange Loss Rate | 0.00% | 0.41% | |
| Amount of Currency Exchange Loss | $0 | $7,245,579 | |
| Refund Rate | 0.16% | 0.58% | |
| Amount of Refunded Loans | $4,150 | $9,499,275 | |
| Number of Refunded Loans | 6 | 8,858 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 99.25% | 77.46% | |
|---|---|---|---|
| Average Loan Size | $566 | $390 | |
| Average Individual Loan Size | $566 | $601 | |
| Average Group Loan Size | $0 | $1,800 | |
| Average number of borrowers per group | 0 | 8 | |
| Average GDP per capita (PPP) in local country | $5,600 | $5,664 | |
| Average Loan Size / GDP per capita (PPP) | 10.11% | 6.89% | |
| Average Time to Fund a Loan | 4.56 days | 8.13 days | |
| Average Dollars Raised Per Day Per Loan | $124.23 | $48.00 | |
| Average Loan Term | 24.93 months | 11.36 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 368 | 987,166 | |
|---|---|---|---|
| Journaling Rate | 10.17% | 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 2017 data)
| This Field Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 19% APR | 22.00% PY | 26.62% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 3.05% | 7.2% | -0.18% | |
| Average Loan Size (% of per capita income) | N/A | 11.00% | 11.58% |
Country Fast Facts
- Country:
- Vietnam
- Capital:
- Hanoi
- Official Language:
- Vietnamese (official), English, some French, Chinese, and Khmer, Mon-Khmer, Malayo-Polynesian
- Population:
- 93,421,835
- Avg Annual Income:
- $5,600
- Labor Force:
- agriculture: 48%, industry: 21%, services: 31%
- Population Below Poverty Line:
- 17.20%
- Literacy Rate:
- 94.50%
- Infant Mortality Rate (per 1000):
- 18.99 deaths
- Life Expectancy:
- 75.46 years