Status update - May 1, 2023

Quang Binh Women Development Fund has been unable to fundraise new loans on Kiva since May 2021 because QBWDF could not obtain the approval needed from the regulator to continue the partnership. QBWDF has since been making regular repayments according to a payment plan. Kiva is confident that QBWDF will honor the remaining payments in the plan, and will pass the funds on to lenders as they are received. We thank QBWDF for the years of collaboration and wish them success in their future endeavors.



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. 


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2014 Oct 12, 2005
Total Loans $2,580,325 $2,056,436,760
Amount of raised Inactive loans $0 $246,055
Number of raised Inactive loans 0 235
Amount of Paying Back Loans $0 $158,330,245
Number of Paying Back Loans 0 188,292
Amount of Ended Loans $2,580,325 $1,854,343,460
Number of Ended Loans 4,559 2,501,455
Delinquency Rate 0.00% 12.18%
Amount in Arrears $0 $11,905,982
Outstanding Portfolio $0 $97,730,170
Number of Loans Delinquent 0 63,551
Default Rate 0.07% 1.84%
Amount of Ended Loans Defaulted $1,740 $34,038,827
Number of Ended Loans Defaulted 8 91,258
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,742,203
Refund Rate 0.16% 0.55%
Amount of Refunded Loans $4,150 $11,261,520
Number of Refunded Loans 6 9,866

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 99.25% 78.49%
Average Loan Size $566 $393
Average Individual Loan Size $566 $585
Average Group Loan Size $0 $1,913
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $5,600 $5,592
Average Loan Size / GDP per capita (PPP) 10.11% 7.03%
Average Time to Fund a Loan 4.56 days 9.13 days
Average Dollars Raised Per Day Per Loan $124.23 $43.04
  Average Loan Term 24.93 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 368 1,225,264
  Journaling Rate 7.92% 41.91%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% APR 22.00% PY 26.61% PY
  Profitability (return on assets) 3.1% 7.2% -1.32%
  Average Loan Size (% of per capita income) N/A 11.00% 0.00%

Country Fast Facts

Lending Partner Staff