Kiva conducts regular, ongoing monitoring of all Field 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 Field Partner All Kiva Partners
  Start Date On Kiva Apr 9, 2018 Oct 12, 2005
Total Loans $212,550 $1,449,076,475
Amount of raised Inactive loans $0 $1,252,500
Number of raised Inactive loans 0 232
Amount of Paying Back Loans $172,650 $146,657,400
Number of Paying Back Loans 76 166,145
Amount of Ended Loans $39,900 $1,301,166,575
Number of Ended Loans 32 1,706,037
Delinquency Rate 8.64% 22.51%
Amount in Arrears $12,467 $21,153,868
Outstanding Portfolio $143,787 $93,989,868
Number of Loans Delinquent 30 73,688
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,474,771
Number of Ended Loans Defaulted 0 54,476
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,311
Refund Rate 6.96% 0.63%
Amount of Refunded Loans $14,800 $9,148,850
Number of Refunded Loans 5 8,475

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.99% 76.68%
Average Loan Size $1,536 $395
Average Individual Loan Size $1,727 $611
Average Group Loan Size $3,738 $1,773
Average number of borrowers per group 3.2 7.8
Average GDP per capita (PPP) in local country $20,300 $5,730
Average Loan Size / GDP per capita (PPP) 7.57% 6.89%
Average Time to Fund a Loan 2.48 days 7.43 days
Average Dollars Raised Per Day Per Loan $619.65 $53.15
  Average Loan Term 19.53 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 110 910,252
  Journaling Rate 100.00% 43.84%
  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 36% APR N/A 25.38% PY
  Profitability (return on assets) -2.5% N/A -1.35%
  Average Loan Size (% of per capita income) N/A N/A 12.34%

Country Fast Facts

Field Partner Staff

David Amador
Nancy Amador
Wendy Ardila
Steven Atamian
Fabio Blanco
Mel Brown
Gabriela Cruz
Karen Fonseca
Denis Gaitan
Pablo Garron
Jorge Pinto
Luis Quan
Juan David Villegas