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 — January 11, 2016

Esperanza International has decided to end operations in Haiti after nearly 3 years and more than $500,000 in loans raised. The outstanding balance of all Haiti loans has been repaid in full, and these funds have been distributed to lenders. We look forward to continuing to work with Esperanza to support borrowers in the Dominican Republic.
 

Partner description:

Founded in 1995 by former Seattle Mariners catcher, David Valle, and his wife Vicky (read the story here), Esperanza International, a partner of HOPE International, was created in order to help mothers in the Dominican Republic through finance and other services that would affect the most sustainable change in a child’s life. The organization began official operations in the DR in 1999 and today has 9 branches throughout the country. 

Esperanza International Foundation is registered as a 501(c)(3) non-profit organization in the State of Washington, USA and as a non-governmental organization in the Dominican Republic.

Vision & values: 

The vision of Esperanza International is for each person served to understand that they have been created in the image of God with value, dignity, and purpose, while experiencing hope for themselves, their family, and their community.  Esperanza achieves this via a holistic, Christ-centered model that combines microfinance and complementary services to generate income, education, and health, restoring self-worth and dignity to those who have lost hope.

The three values that guide Esperanza in the fulfillment of this vision are (1) glorifying and honoring God, (2) loving and serving one’s neighbor, and (3) achieving results with excellence.

A unique lending approach: 

Esperanza International focuses its work on serving the following: 

Women -- when mothers are empowered through microfinance and income generating projects, the entire family is helped, as mother tend to think of their families first.

The Materially Poor -- the majority of Esperanza loan applicants live below the national poverty line, and may struggle on a daily basis to make ends meet.  Esperanza works with those who may not be able to put up collateral, but who have a dream to make their futures brighter.  Esperanza is there to provide hope, because they believe in their potential.

The Socially Marginalized -- Esperanza’s target population has been rejected by formal banks, lives in the most remote areas of the island, has little or no formal education, and may only have access to capital through loan sharks with high interest rates - but is composed of people with indomitable entrepreneurial spirits. Esperanza knows they deserve better.

Join Esperanza’s lending team here to help make loans in support of Esperanza!


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 19, 2007 Oct 12, 2005
Total Loans $8,002,450 $948,590,975
Amount of raised Inactive loans $0 $375,825
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $203,900 $141,979,900
Number of Paying Back Loans 67 175,166
Amount of Ended Loans $7,798,550 $806,235,250
Number of Ended Loans 3,269 1,011,122
Delinquency Rate 1.11% 8.10%
Amount in Arrears $992 $7,468,353
Outstanding Portfolio $89,713 $92,214,717
Number of Loans Delinquent 10 18,720
Default Rate 0.89% 1.40%
Amount of Ended Loans Defaulted $69,457 $11,312,347
Number of Ended Loans Defaulted 125 32,567
Currency Exchange Loss Rate 0.04% 0.46%
Amount of Currency Exchange Loss $3,340 $4,326,176
Refund Rate 0.08% 0.62%
Amount of Refunded Loans $6,675 $5,911,700
Number of Refunded Loans 7 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.37% 75.25%
Average Loan Size $270 $400
Average Individual Loan Size $1,010 $632
Average Group Loan Size $2,611 $1,765
Average number of borrowers per group 10.1 7.7
Average GDP per capita (PPP) in local country $9,700 $5,889
Average Loan Size / GDP per capita (PPP) 2.78% 6.79%
Average Time to Fund a Loan 7.53 days 6.92 days
Average Dollars Raised Per Day Per Loan $35.82 $57.76
  Average Loan Term 6.69 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,210 494,507
  Journaling Rate 34.34% 41.49%
  Average Number of Comments Per Journal 0.28 0.05
  Average Number of Recommendations Per Journal 4.90 1.18

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 41% PY 41.00% PY 26.05% PY
  Profitability (return on assets) 9.6% 1.1% -0.82%
  Average Loan Size (% of per capita income) 5.30% 8.00% 17.16%

Country Fast Facts

Field Partner Staff

Dilcia Acosta
Hamilton Ansley
Kyle Genovese
Darlyn Gratereaux
Julianna Muchmore
Eliana Ponserrate
Allison Pulley