Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

 

Partner Description:
 

Global Brigades is an international non-profit that uniquely implements a holistic model to meet a community’s healthcare, water and sanitation, and economic development goals. Over the next eight years, Global Brigades is committed to empower 100 rural Central American communities, that represent about 65,000 persons, to permanently rise out of extreme poverty.  The ambitious approach aligns to 6 UN Sustainable Development goals, with the ultimate goal to create a blueprint to end rural poverty in Central America.  

Global Brigades' economic development program is focused on achieving two goals 1) community financial inclusion through equal access to sufficient, affordable credit with a trained Community Bank in place and 2) to increase and diversify family income. These goals are supported through the development of community-owned banks, financial literacy training, business consulting and micro loans.  
 

A unique lending approach:
 

Through Kiva loans, families in Global Brigades' Panamanian and Nicaraguan partner communities are able to access financial resources to invest in small businesses to reduce financial risk and increase their income. In Panama, Global Brigades mainly works with women business owners, often in rural and indigenous communities. In Nicaragua, Global Brigades works with mostly women business owners, all located in rural areas. Kiva funding is one of the most important sources that capitalize the community-owned bank (Cajas Rurales) for these loans for aspiring entrepreneurs. 


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 9, 2018 Oct 12, 2005
Total Loans $1,359,660 $1,958,818,855
Amount of raised Inactive loans $0 $250,565
Number of raised Inactive loans 0 237
Amount of Paying Back Loans $678,435 $161,326,725
Number of Paying Back Loans 235 188,875
Amount of Ended Loans $681,225 $1,768,237,830
Number of Ended Loans 312 2,370,066
Delinquency Rate 13.84% 12.18%
Amount in Arrears $51,751 $12,199,756
Outstanding Portfolio $343,703 $100,189,739
Number of Loans Delinquent 111 72,764
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,304,134
Number of Ended Loans Defaulted 0 84,789
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,980,628
Refund Rate 2.50% 0.54%
Amount of Refunded Loans $34,000 $10,526,300
Number of Refunded Loans 13 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 62.84% 78.23%
Average Loan Size $2,108 $392
Average Individual Loan Size $2,385 $589
Average Group Loan Size $4,324 $1,891
Average number of borrowers per group 4.4 8.3
Average GDP per capita (PPP) in local country $20,300 $5,599
Average Loan Size / GDP per capita (PPP) 10.39% 7.00%
Average Time to Fund a Loan 8.65 days 8.93 days
Average Dollars Raised Per Day Per Loan $243.82 $43.86
  Average Loan Term 21.79 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 375 1,178,627
  Journaling Rate 75.69% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2014 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% APR N/A 27.02% PY
  Profitability (return on assets) 24.96% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Nancy Amador
Wendy Ardila
Steven Atamian
Mel Brown
Karen Fonseca
Denis Gaitan
Pablo Garron
Matias Gonzalez
Yolanda Martinez
david miller
Colleen O'brien
Luis Ordonez
Jorge Pinto
Luis Quan
Hector Rodriguez
Isis Valle
Madelfia Vasquez
Jessica Vergara
Juan David Villegas