Hundreds of thousands of people in the developing world, largely women, participate in the artisan sector. Behind agriculture, artisan activity is the second largest employer in the developing world. Yet, artisan enterprise is not generally considered a key driver of economic growth, nor looked to as a major component of development assistance efforts.
 
The Alliance for Artisan Enterprise was launched by Hillary Clinton in 2012 and is hosted by the Aspen Institute. It is a collaborative effort of 45 organizations, corporations, and individuals working together to promote the full potential of the artisan sector to spur economic development. The Alliance aims to help bridge the financing gap for artisans in 110 developing countries around the world.  
 
A unique lending approach:
 
Loans offered by the Alliance for Artisan Enterprise on the Kiva website are targeted to artisans around the world who do not have access to financing. The borrowers are owners of small and growing businesses in their countries. Loans will support the purchase of supplies borrowers need to produce handmade, artisan products.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 13, 2014 Oct 12, 2005
Total Loans $62,150 $863,833,075
Amount of raised Inactive loans $0 $389,950
Number of raised Inactive loans 0 242
Amount of Paying Back Loans $18,000 $136,676,100
Number of Paying Back Loans 2 165,975
Amount of Ended Loans $44,150 $726,767,025
Number of Ended Loans 7 902,827
Delinquency Rate 0.00% 8.24%
Amount in Arrears $0 $7,300,766
Outstanding Portfolio $18,000 $88,598,068
Number of Loans Delinquent 0 22,298
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,621,719
Amount of Ended Loans $44,150 $726,767,025
Number of Ended Loans Defaulted 0 26,679
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,457
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,544,100
Number of Refunded Loans 0 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.85%
Average Loan Size $6,906 $408
Average Individual Loan Size $6,906 $641
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,937
Average Loan Size / GDP per capita (PPP) 383.64% 6.86%
Average Time to Fund a Loan 3.13 days 6.9 days
Average Dollars Raised Per Day Per Loan $2,208.11 $59.06
  Average Loan Term 6.44 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 8 438,820
  Journaling Rate 85.71% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 23% APR N/A 27.39% PY
  Profitability (return on assets) 3.93% N/A -0.64%
  Average Loan Size (% of per capita income) N/A N/A 19.18%

Country Fast Facts

Field Partner Staff

Johnny Campo
Peggy Clark
Katie Drasser
Janice Joseph
Gina Rogari