Status update ? January 30, 2018 Kiva and Konf"o have agreed to end their partnership after nearly 4 years and more than $160K in loans raised. This Field Partner has shifted its focus to serve less disadvantaged populations, and therefore no longer fits Kiva's model for impact. Konfio has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Konfio for the years of collaboration and wish them success in their future endeavors. Partner Description: Konf"o is a for-profit company that offers low-interest loans to low-income people living in urban areas of Mexico. It is a community based on trust. Konf"o is able to offer loans at such low interest rates because of their efficient use of technology and automated processes. " Traditional MFIs do not rely heavily on technology, but instead rely on credit officers who oversee the lending process. Konf"o reduces the cost of company infrastructure dramatically by conducting most of their lending process online and by telephone. Konf"o?s low operational costs translate to lower interest rates for borrowers. " " Konf"o is a new company and has not yet raised funds from other institutions. Kiva funding will enable them to expand and develop a positive reputation in the Mexican microfinance industry among low-income borrowers." A Unique Lending Approach: " Konf"o provides individual loans for people to pay for medical health care and special wheel chairs, or to set up small businesses. Loans for setting up small businesses are particularly targeted to women. Because of Konf"o?s use of technology in the loan process, it is essential that borrowers have access to the Internet or a smart phone. " Konf"o has a dedicated team who assists borrowers and answers questions through email and over the telephone. In the future they plan to hold workshops to help prospective borrowers fill out the online application. "Konf"o also expects to create modules through which clients can learn financial concepts and gain access to lower interest rates as they become more financially literate. Through the application process, Konf"o identifies borrowers who are members of communities with reliable credit histories. Konf"o creates social collateral to ensure the repayment of loans by lending to members of social networks that will hold each other accountable for loan repayment. "

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 9, 2014 Oct 12, 2005
Total Loans $162,225 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $163,202,810
Number of Paying Back Loans 0 193,982
Amount of Ended Loans $162,225 $1,591,353,280
Number of Ended Loans 232 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio $0 $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 0.00% 1.70%
Amount of Ended Loans Defaulted $0 $26,998,026
Number of Ended Loans Defaulted 0 70,224
Currency Exchange Loss Rate 0.16% 0.46%
Amount of Currency Exchange Loss $257 $9,202,644
Refund Rate 0.00% 0.57%
Amount of Refunded Loans $0 $9,961,195
Number of Refunded Loans 0 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 97.91% 77.81%
Average Loan Size $699 $389
Average Individual Loan Size $699 $594
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 8.2
Average GDP per capita (PPP) in local country $15,600 $5,628
Average Loan Size / GDP per capita (PPP) 4.48% 6.90%
Average Time to Fund a Loan 1.39 days 8.44 days
Average Dollars Raised Per Day Per Loan $502.41 $46.05
  Average Loan Term 4.66 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 146 1,071,973
  Journaling Rate 62.50% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 42% APR 74.00% PY 26.11% PY
  Profitability (return on assets) N/A 1% 0.00%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Field Partner Staff