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 — March 20, 2019

Kiva and Takamoto have agreed to end their partnership after more than 4 years and over $59k in loans raised. This Field Partner has repaid all its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Takamoto for the years of collaboration and wish them success in their future endeavors.

Original Partner Description:

Takamoto is committed to replacing traditional fuels used for cooking with clean and cost-effective biogas. Almost 90% of rural Kenyans do not have access to electricity, and the large majority of the country's population still relies on traditional fuels such as firewood, charcoal, kerosene. Not only do these fuels cause chronic illness from smoke and soot, but they are also harmful to the environment and increasingly expensive. So far our clients with biogas systems save 45 minutes per day that would have been spent collecting, splitting and lighting firewood. The average family saves 2.7 trees per year and saves 12% on their monthly cooking fuel expense. Farmers no longer have to deal with smokey wood fires that cause 4 million deaths annually.
 
Takamoto provides Kenyan farmers with a biodigester, piping and a stove. By feeding the biodigester daily with cow or pig manure, the farmers and their families generate biogas for six hours of cooking per day. The biogas systems also produce an organic and nutritious fertilizer which farmers can use on their crops that increases crop yields by 5-42% over using chemical fertilizer alone.
 
A unique lending approach:
 
Takamoto Biogas installs home biogas systems using a hire-purchase loan (Lease-to-Own).  This means that farmers make installment payments to obtain full ownership over a period of time.  Hire-purchase loans are usually successful because they protect the borrower from debt; at any time the client can discontinue the contract.
 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 20, 2014 Oct 12, 2005
Total Loans $59,850 $1,341,238,825
Amount of raised Inactive loans $0 $1,089,525
Number of raised Inactive loans 0 1,363
Amount of Paying Back Loans $0 $147,099,100
Number of Paying Back Loans 0 194,261
Amount of Ended Loans $59,850 $1,193,050,200
Number of Ended Loans 79 1,537,303
Delinquency Rate 0.00% 11.01%
Amount in Arrears $0 $10,136,170
Outstanding Portfolio $0 $92,082,131
Number of Loans Delinquent 0 58,358
Default Rate 34.09% 1.74%
Amount of Ended Loans Defaulted $20,405 $20,745,122
Number of Ended Loans Defaulted 53 50,803
Currency Exchange Loss Rate 0.31% 0.39%
Amount of Currency Exchange Loss $186 $5,195,382
Refund Rate 1.29% 0.59%
Amount of Refunded Loans $775 $7,901,425
Number of Refunded Loans 1 7,805

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.96% 76.42%
Average Loan Size $758 $394
Average Individual Loan Size $758 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,773
Average Loan Size / GDP per capita (PPP) 42.10% 6.82%
Average Time to Fund a Loan 12.05 days 7.13 days
Average Dollars Raised Per Day Per Loan $62.89 $55.26
  Average Loan Term 32.3 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 103 795,967
  Journaling Rate 72.15% 43.16%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 36.00% PY 25.11% PY
  Profitability (return on assets) -20.5% 0.5% -0.65%
  Average Loan Size (% of per capita income) N/A 56.00% 12.92%

Country Fast Facts

Field Partner Staff