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 – December 8, 2017
After 3 years, Kiva and b-fit have agreed to end their partnership. While b-fit will continue focusing on the important work they do in Turkey, lending is not a core component of their model at this time. This Field Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank b-fit for the years of collaboration and wish them success in their future endeavors.

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 $1,449,369,725
Amount of raised Inactive loans $0 $1,208,375
Number of raised Inactive loans 0 250
Amount of Paying Back Loans $12,375 $146,793,450
Number of Paying Back Loans 1 166,255
Amount of Ended Loans $12,375 $1,301,367,900
Number of Ended Loans 1 1,706,449
Delinquency Rate 0.00% 22.34%
Amount in Arrears $0 $21,032,049
Outstanding Portfolio $0 $94,127,897
Number of Loans Delinquent 0 73,201
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,469,421
Number of Ended Loans Defaulted 0 54,461
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,311
Refund Rate 89.49% 0.63%
Amount of Refunded Loans $22,150 $9,150,775
Number of Refunded Loans 2 8,489

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 76.68%
Average Loan Size $11,725 $395
Average Individual Loan Size $11,725 $611
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $19,600 $5,730
Average Loan Size / GDP per capita (PPP) 59.82% 6.89%
Average Time to Fund a Loan 4.08 days 7.43 days
Average Dollars Raised Per Day Per Loan $2,875.04 $53.14
  Average Loan Term 36.5 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 910,334
  Journaling Rate 0.00% 43.83%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

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 25.38% PY
  Profitability (return on assets) N/A N/A -1.35%
  Average Loan Size (% of per capita income) N/A 4.00% 12.34%

Country Fast Facts

Field Partner Staff