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Partner Description:
B-FIT uses its franchise of sports and wellness centers for women to empower women. Not only do the centers act as safe physical and mental spaces for female customers, but each new center that opens is founded and managed by women. This creates opportunities for women to develop business skills and enter the workforce in a country where business ownership is often dominated by men.

In addition to providing physical training, the centers offer trainings on a wide-range of issues including nutrition, hygiene, sexual health, communication, leadership and entrepreneurship. Beyond the machinery and other equipment needed for the gym, B-FIT offers hands on support and training for franchise owners.

A unique lending approach:
B-FIT provides 0% interest loans to women in rural areas of Turkey in order to enable the purchase of a B-FIT franchise. Additionally, B-FIT will provide managerial training including marketing education, customer relationship management, and technical support to help the women establish and start their franchise.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 15, 2015 Oct 12, 2005
Total Loans $24,750 $948,590,975
Amount of raised Inactive loans $24,750 $375,825
Number of raised Inactive loans 2 261
Amount of Paying Back Loans $0 $141,979,900
Number of Paying Back Loans 0 175,166
Amount of Ended Loans $0 $806,235,250
Number of Ended Loans 0 1,011,122
Delinquency Rate 0.00% 8.10%
Amount in Arrears $0 $7,468,353
Outstanding Portfolio $0 $92,214,717
Number of Loans Delinquent 0 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 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 89.49% 0.62%
Amount of Refunded Loans $22,150 $5,911,700
Number of Refunded Loans 2 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 75.25%
Average Loan Size $11,725 $400
Average Individual Loan Size $11,725 $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 $19,600 $5,889
Average Loan Size / GDP per capita (PPP) 59.82% 6.79%
Average Time to Fund a Loan 4.08 days 6.92 days
Average Dollars Raised Per Day Per Loan $2,875.04 $57.76
  Average Loan Term 36.5 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 494,507
  Journaling Rate 0.00% 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 N/A 26.05% PY
  Profitability (return on assets) N/A N/A -0.82%
  Average Loan Size (% of per capita income) N/A 4.00% 17.16%

Country Fast Facts

Field Partner Staff

Bedriye Hulya