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 — August 1, 2017
Kiva and Soieries du Mekong have agreed to end their partnership after 32 months and $53,125 raised. While Kiva's model wasn't the best fit for Soieries du Mekong, the company continues to work with rural Cambodians by teaching young men and women the art of scarf weaving and enabling them to sell their products in Europe and South-East Asia. This Field Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Soieries du Mekong for their collaboration and wish them success in their future endeavors.

Partner description:
Soieries du Mékong is committed to promoting and reviving the art of silk scarf making. Cambodian traditional crafts - such as silk weaving - were put aside under the Khmer Rouge regime and the subsequent wars.
 
Soieries du Mékong combats rural exodus in Cambodia by teaching young Cambodian men and women the art of scarf weaving and enabling them to sell their products in Europe and South-East Asia. The fashionable silk scarves are designed in France and then produced in Cambodia by low-income rural weavers.
 
A unique lending approach:
Soieries du Mekong loans allow silk weavers to purchase the material needed for making scarves and stoles for one production cycle. During a production cycle weavers can produce between 50 and 65 silk, wool and/or cashmere scarves.
 
Soieries du Mekong also provides numerous non-financial services to its weavers in order to empower them to increase their living standards. These services include free language and math classes as well as financial literacy programs. In addition, Soieries du Mékong covers 80% of the weavers' medical expenses.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 1, 2014 Oct 12, 2005
Total Loans $53,125 $1,403,476,400
Amount of raised Inactive loans $0 $939,700
Number of raised Inactive loans 0 356
Amount of Paying Back Loans $0 $149,763,650
Number of Paying Back Loans 0 193,645
Amount of Ended Loans $53,125 $1,252,773,050
Number of Ended Loans 122 1,620,556
Delinquency Rate 0.00% 21.87%
Amount in Arrears $0 $20,431,877
Outstanding Portfolio $0 $93,421,438
Number of Loans Delinquent 0 130,112
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $22,041,481
Number of Ended Loans Defaulted 0 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,878,850
Number of Refunded Loans 0 8,379

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.24% 76.47%
Average Loan Size $435 $393
Average Individual Loan Size $435 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,600 $5,749
Average Loan Size / GDP per capita (PPP) 16.75% 6.84%
Average Time to Fund a Loan 0.26 days 7.18 days
Average Dollars Raised Per Day Per Loan $1,670.87 $54.73
  Average Loan Term 6.98 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 865,518
  Journaling Rate 1.64% 43.37%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 30.00% PY 25.74% PY
  Profitability (return on assets) N/A 4.6% -1.78%
  Average Loan Size (% of per capita income) N/A 184.00% 12.55%

Country Fast Facts

Field Partner Staff