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:
 
NESsT is a nonprofit organization that supports social businesses in emerging market countries with seed funding, business advisory services, access to business mentors and performance management tools. NESsT operates in Central & Eastern Europe and Latin America, with global headquarters located in the United States.
 
NESsT believes that all people have the right to live and work with dignity. It works to alleviate poverty, income inequality, and other social challenges through entrepreneurial solutions. Since its launch in 1997, NESsT has gained vast experience developing social businesses that provide employment to at-risk communities—either through job creation, job placements, or sustainable income streams generated by improving production processes and market access. NESsT’s portfolio has generated more than 30,000 employment or income opportunities for people with disabilities, disadvantaged youth, ethnic minorities, low-income women, small farmers and producers, and other marginalized communities.
 
NESsT selects the businesses it supports based on their social impact, leadership, replicability, sustainability, and overall mission fit. It provides financing and support to businesses to develop and validate business ideas, execute their business plans, and increase their social impact through replication or scaling.
 
A unique lending approach:
 
Through Kiva, NESsT will supply loans ranging from $2,500 to $50,000. The interest rates will range from 1.5% to 8% depending on the NESsT cost of providing the loans. Loan terms will be between 6 and 120 months.  
 
NESsT is looking to increase the number and size of its investments to meet the growing needs of the social businesses in its portfolio. Kiva capital will be particularly useful for early-stage, growing businesses.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 8, 2015 Oct 12, 2005
Total Loans $539,875 $1,606,044,595
Amount of raised Inactive loans $0 $343,050
Number of raised Inactive loans 0 389
Amount of Paying Back Loans $424,950 $163,624,250
Number of Paying Back Loans 11 199,854
Amount of Ended Loans $114,925 $1,442,077,295
Number of Ended Loans 3 1,906,880
Delinquency Rate 25.45% 16.26%
Amount in Arrears $57,515 $16,550,633
Outstanding Portfolio $189,562 $101,788,297
Number of Loans Delinquent 6 49,658
Default Rate 17.71% 1.71%
Amount of Ended Loans Defaulted $20,350 $24,614,777
Number of Ended Loans Defaulted 1 61,388
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,572
Refund Rate 27.77% 0.59%
Amount of Refunded Loans $149,925 $9,477,100
Number of Refunded Loans 3 8,839

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 16.67% 77.44%
Average Loan Size $40,576 $392
Average Individual Loan Size $40,576 $600
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $12,100 $5,675
Average Loan Size / GDP per capita (PPP) 335.34% 6.91%
Average Time to Fund a Loan 9.92 days 8.07 days
Average Dollars Raised Per Day Per Loan $4,089.20 $48.58
  Average Loan Term 48 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 26 977,859
  Journaling Rate 100.00% 42.27%
  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 8% APR N/A 26.56% PY
  Profitability (return on assets) 36.03% N/A -0.53%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

Loic Comolli
Nicole Etchart