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Partner description:
Dr. Bronner’s is a top-selling U.S. manufacturer of organic and Fair Trade body care and culinary oils with company roots that can be traced back to 1858, in southern Germany. Dr. Bronner’s makes its products almost entirely from agricultural materials – specifically, coconut, olive, palm, hemp, and jojoba oils.
In 2003, the company decided to take on more active management of its supply chain and the resulting social and environmental conditions. The company first went organic then recognized full transparency of the supply chain could only be met by taking on more active management of its supply chain on the ground.
Dr. Bronner’s created Serendiworld to manage the sourcing and supply of its raw materials from organic and Fair Trade projects, and Serendiworld now manages several organic and Fair Trade companies in Ghana, Sri Lanka, India and Kenya. All Serendiworld projects are  inspected and certified organic to U.S. and EU standards and are also certified Fair Trade by IMO under the Fair for Life program.
Loans funded on Kiva will be disbursed to farmers by Serendipalm, Serendiworld’s Ghanaian subsidiary. Serendipalm supplies Dr. Bronner’s with  organic and Fair Trade palm oil, a primary ingredient in the brand’s bar soaps. Serendipalm is now a large community employer in the Eastern Region of Ghana, working with more than 670 family farms and producing more than 500 metric tons of organic palm oil every year.
Serendipalm is the world’s first Fair Trade and organic palm oil project that works exclusively with smallholder farmers. The company pays farmers an organic premium and also provides inputs and organic agricultural training.
Through a Fair Trade premium received from its customers Serendipalm has financed numerous community development projects targeting clean water, education, infrastructure and worker’s welfare.
A unique lending approach:
Serendipalm offers 0% interest loans to small-holder farmers to purchase more productive palm oil varieties. Once trees produce fruits, about 3-4 years after planting, Serendipalm will purchase and process the palm fruits, guaranteeing the purchase of the farmers’ harvests and offering them long-term markets. Kiva financing will enable Serendipalm to offer more loans and increase the production of palm oil on organic and Fair Trade terms.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 14, 2015 Oct 12, 2005
Total Loans $69,050 $948,590,975
Amount of raised Inactive loans $250 $375,825
Number of raised Inactive loans 1 261
Amount of Paying Back Loans $57,825 $141,979,900
Number of Paying Back Loans 283 175,166
Amount of Ended Loans $10,975 $806,235,250
Number of Ended Loans 138 1,011,122
Delinquency Rate 2.22% 8.10%
Amount in Arrears $627 $7,468,353
Outstanding Portfolio $28,252 $92,214,717
Number of Loans Delinquent 29 18,720
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,312,347
Number of Ended Loans Defaulted 0 32,567
Currency Exchange Loss Rate 0.54% 0.46%
Amount of Currency Exchange Loss $375 $4,326,176
Refund Rate 3.48% 0.62%
Amount of Refunded Loans $2,400 $5,911,700
Number of Refunded Loans 13 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 22.54% 75.25%
Average Loan Size $164 $400
Average Individual Loan Size $164 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $3,500 $5,889
Average Loan Size / GDP per capita (PPP) 4.69% 6.79%
Average Time to Fund a Loan 1.92 days 6.92 days
Average Dollars Raised Per Day Per Loan $85.62 $57.76
  Average Loan Term 17.25 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 130 494,507
  Journaling Rate 45.00% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 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 0% APR 53.00% PY 26.05% PY
  Profitability (return on assets) 6.8% 0.3% -0.82%
  Average Loan Size (% of per capita income) N/A 13.00% 17.16%

Country Fast Facts

Field Partner Staff

Trudy Bronner
Kris Lin-Bronner
Rafi Loiederman
Les Szabo
Christina Volgyesi
Dickson Wenyonu