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 ? February 28, 2018 Housing Finance Foundation?s final loans with Kiva have ended or been defaulted, and this partnership has been closed. For the past 2 years, Kiva has been working with Housing Finance Foundation to try to recover the remaining outstanding amount due to Kiva lenders. The organization has faced serious liquidity challenges due to poor repayments from the students caused by the difficult economic conditions, and despite efforts to address these issues, the organization was unable to make sufficient payments on obligations to its funders. Kiva?s present assessment is that this Field Partner is unable to make further payments and thus the remaining $29,130.56 in outstanding amounts due to Kiva lenders has now been defaulted. If Kiva is able to recover any additional funds from Housing Finance Foundation, they will be applied to lender accounts on a pro-rata basis. Status update ? July 13, 2017 Housing Finance Foundation isn't currently raising funds on the Kiva platform. They have a total outstanding balance of $29,345.77"owed to" Kiva lenders. HFF"mistakenly reported repayments incorrectly, and as a result, the total outstanding amount is showing up as delinquent. HFF continues to collect loan repayments and submit the amount collected to Kiva each month, but their loans will remain delinquent"until the balance is cleared and all loans are repaid and/or defaulted." Partner description: Housing Finance Foundation (HFF) is a subsidiary of Housing Finance (HF), whose vision is to deliver, facilitate and catalyze an industry by providing the relevant practical skills required by the building and construction industry through the creation of one million artisans for Kenya and the East Africa. A unique lending approach: Housing Finance Foundation has five main areas of work: technical and vocational entrepreneurial training, homes for the homeless, financial literacy, green technology and environment security. It?s partnership with Kiva will offer loans to students pursuing building and construction related courses.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 30, 2014 Oct 12, 2005
Total Loans $41,975 $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 $41,975 $1,591,353,280
Number of Ended Loans 30 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 70.19% 1.70%
Amount of Ended Loans Defaulted $29,460 $26,998,026
Number of Ended Loans Defaulted 28 70,224
Currency Exchange Loss Rate 1.78% 0.46%
Amount of Currency Exchange Loss $749 $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 0.00% 77.81%
Average Loan Size $1,399 $389
Average Individual Loan Size $1,399 $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 $1,800 $5,628
Average Loan Size / GDP per capita (PPP) 77.73% 6.90%
Average Time to Fund a Loan 12.35 days 8.44 days
Average Dollars Raised Per Day Per Loan $113.28 $46.05
  Average Loan Term 46.77 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 29 1,071,973
  Journaling Rate 50.00% 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 12% APR 36.00% PY 26.11% PY
  Profitability (return on assets) N/A 0.5% 0.00%
  Average Loan Size (% of per capita income) N/A 56.00% 0.00%

Country Fast Facts

Field Partner Staff

Josephine Kirumba