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- September 13, 2021

Kiva has moved this Field Partner to inactive status, which means Artisan Alliance at the Aspen Institute is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders for as long as the partner has an outstanding balance. Artisan Alliance at the Aspen Institute hasn't posted a new loan in over a year and is currently reassessing its Kiva strategy. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

Partner description: 

The Artisan Alliance (previously known as The Alliance for Artisan Enterprise at the Aspen Institute) is an initiative of the Aspen Global Innovators Group at the Aspen Institute, which works to unlock economic value in the artisan sector. It's a collaborative effort of over 140 members and partners working together to promote the full potential of the artisan sector worldwide. 

The artisan sector is the second-largest employer in the developing world after agriculture, worth over $32 billion every year. Hundreds of thousands of people across the globe, particularly women, participate in the artisan sector. Artisan activity creates jobs, increases local incomes, and preserves ancient cultural traditions that in many places are at risk of being lost. Still, artisan businesses are seldom recognized as drivers of economic growth, and artisan entrepreneurs lack access to the tools and resources needed to succeed in the global marketplace.

As a Kiva Field Partner, the Artisan Alliance aims to bridge the financing gap for artisan businesses across the globe.

A unique lending approach:

Loans offered by the Artisan Alliance on the Kiva website are targeted to artisan entrepreneurs around the world who lack access to traditional financing and business development resources. The borrowers represent small and growing businesses in their countries. Loans will support artisan business development, including the purchase of raw materials and equipment to fulfill purchase orders, market preparation, and workshop development.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 13, 2014 Oct 12, 2005
Total Loans $450,050 $1,608,688,920
Amount of raised Inactive loans $0 $647,750
Number of raised Inactive loans 0 706
Amount of Paying Back Loans $114,000 $165,151,500
Number of Paying Back Loans 7 202,585
Amount of Ended Loans $336,050 $1,442,889,670
Number of Ended Loans 39 1,907,536
Delinquency Rate 52.38% 17.24%
Amount in Arrears $44,000 $17,837,794
Outstanding Portfolio $84,000 $103,457,745
Number of Loans Delinquent 5 75,538
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,702,368
Number of Ended Loans Defaulted 0 61,787
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 3.56% 0.59%
Amount of Refunded Loans $16,000 $9,486,100
Number of Refunded Loans 2 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.75% 77.44%
Average Loan Size $9,709 $392
Average Individual Loan Size $9,709 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $54,800 $5,673
Average Loan Size / GDP per capita (PPP) 17.72% 6.91%
Average Time to Fund a Loan 5.09 days 8.07 days
Average Dollars Raised Per Day Per Loan $1,908.38 $48.58
  Average Loan Term 13.38 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 33 979,534
  Journaling Rate 61.36% 42.24%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.41% PY
  Profitability (return on assets) 11.81% N/A -0.56%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

Johnny Campo
Peggy Clark
Katie Drasser
Tsion Ghedamu
Sabira Moradi
Gina Rogari
Isabelle Schellenger