Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:
 
Milaap (which means 'connecting people' in Hindi and Urdu) was started with a vision to change people’s concept of giving and make it a personal, transparent and sustainable process. Milaap enables individuals all over the world to give a loan to the deserving working class of India – students, small businesses, and families - who need a small amount of capital to get ahead and change their lives for the better.
 
Milaap’s model is similar to Kiva’s. Milaap partners with proven, credible grass-roots level organizations to identify deserving borrowers and the amount of financial assistance they need. The borrowers are published on the Milaap website and the profiles get funded by both individuals and organizations around the world.
 
Milaap's target population is borrowers who primarily live in rural or semi-rural settlements in India. The organization provides loans to people who are engaged in income-generating activity but do not have basic needs like water connections, home lighting, toilets etc. By enabling access to loans designed to meet these needs, Milaap hopes to help low-income households increase their productivity, save on medical expenses, and live healthier lives.
 
A unique lending approach:
Milaap facilitates lending in the areas of energy, education and training, enterprise development, sanitation and water. The organization seeks to fund loans that create permanent change in people’s lives by providing basic needs, job guaranteeing skills, and working capital that helps small businesses grow.
 
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 9, 2014 Oct 12, 2005
Total Loans $757,950 $864,089,775
Amount of raised Inactive loans $1,850 $378,925
Number of raised Inactive loans 7 245
Amount of Paying Back Loans $604,700 $136,644,550
Number of Paying Back Loans 681 166,002
Amount of Ended Loans $151,400 $727,066,300
Number of Ended Loans 128 903,193
Delinquency Rate N/A 8.22%
Amount in Arrears N/A $7,295,607
Outstanding Portfolio N/A $88,711,476
Number of Loans Delinquent N/A 22,238
Default Rate N/A 1.32%
Amount of Ended Loans Defaulted N/A $9,621,719
Amount of Ended Loans N/A $727,066,300
Number of Ended Loans Defaulted N/A 26,679
Currency Exchange Loss Rate N/A 0.43%
Amount of Currency Exchange Loss N/A $3,748,624
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 99.90% 74.85%
Average Loan Size $206 $407
Average Individual Loan Size $287 $640
Average Group Loan Size $1,198 $1,805
Average number of borrowers per group 6 7.8
Average GDP per capita (PPP) in local country $4,000 $5,937
Average Loan Size / GDP per capita (PPP) 5.15% 6.86%
Average Time to Fund a Loan 7.92 days 6.9 days
Average Dollars Raised Per Day Per Loan $26.00 $59.06
  Average Loan Term 14.35 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 64 438,945
  Journaling Rate 36.11% 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 26% APR 22.00% PY 27.39% PY
  Profitability (return on assets) -3.4% 1.2% -0.64%
  Average Loan Size (% of per capita income) N/A 10.00% 19.18%

Country Fast Facts

Field Partner Staff

Mayukh Choudhury
Shreyasi Das
Kinnari Gilganchi
Sushmita Majumdar
Bhairavi Ponnuswamy
Margaret Potagoli
Shubhashree Sangameshwaran
Anoj Viswanathan