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 $133,550 $939,391,750
Amount of raised Inactive loans $39,400 $523,475
Number of raised Inactive loans 5 519
Amount of Paying Back Loans $42,000 $144,680,000
Number of Paying Back Loans 5 177,234
Amount of Ended Loans $52,150 $794,188,275
Number of Ended Loans 8 994,961
Delinquency Rate 0.00% 7.81%
Amount in Arrears $0 $7,430,834
Outstanding Portfolio $38,667 $95,114,087
Number of Loans Delinquent 0 19,254
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,575
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 11.98% 0.63%
Amount of Refunded Loans $16,000 $5,887,300
Number of Refunded Loans 2 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.00% 75.19%
Average Loan Size $7,478 $401
Average Individual Loan Size $7,478 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,896
Average Loan Size / GDP per capita (PPP) 415.42% 6.80%
Average Time to Fund a Loan 4.19 days 6.93 days
Average Dollars Raised Per Day Per Loan $1,783.26 $57.88
  Average Loan Term 9.95 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 488,756
  Journaling Rate 75.00% 41.62%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.19

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 25.92% PY
  Profitability (return on assets) 17.07% N/A -0.29%
  Average Loan Size (% of per capita income) N/A N/A 17.68%

Country Fast Facts

Field Partner Staff

Johnny Campo
Peggy Clark
Katie Drasser
Janice Joseph
Gina Rogari