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:

Asociación ONG Avansar is a small non-profit microfinance institution focused on addressing the lack of financial services in rural eastern Colombia. In addition to providing loans to those in need of credit, Avansar offers technical assistance that includes financial education and business training to maximize productivity and competitiveness. Avansar is also involved in the administration of large scale projects such as road construction and infrastructure maintenance contracted by both public and private institutions.

A unique Lending approach:

Avansar’s unique lending approach focuses on borrowers with no credit history. Loans fundraised on Kiva carry a reduced interest rate, flexible repayment options, and are accompanied by financial education. In addition to meeting poverty level qualifications, only clients that have never had a loan before will be offered the Kiva loan product.

 
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 4, 2016 Oct 12, 2005
Total Loans $110,650 $1,446,471,475
Amount of raised Inactive loans $0 $1,203,625
Number of raised Inactive loans 0 194
Amount of Paying Back Loans $14,700 $145,191,200
Number of Paying Back Loans 20 163,527
Amount of Ended Loans $95,950 $1,300,076,650
Number of Ended Loans 149 1,704,858
Delinquency Rate 100.00% 23.51%
Amount in Arrears $3,511 $21,703,337
Outstanding Portfolio $3,488 $92,297,732
Number of Loans Delinquent 20 74,988
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,477,325
Number of Ended Loans Defaulted 0 54,469
Currency Exchange Loss Rate 1.00% 0.40%
Amount of Currency Exchange Loss $1,112 $5,836,094
Refund Rate 1.08% 0.63%
Amount of Refunded Loans $1,200 $9,148,850
Number of Refunded Loans 2 8,475

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 74.09% 76.66%
Average Loan Size $654 $395
Average Individual Loan Size $654 $611
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $11,100 $5,731
Average Loan Size / GDP per capita (PPP) 5.89% 6.89%
Average Time to Fund a Loan 13.77 days 7.41 days
Average Dollars Raised Per Day Per Loan $47.51 $53.30
  Average Loan Term 18.82 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 19 909,721
  Journaling Rate 11.24% 43.86%
  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 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% APR 32.00% PY 25.38% PY
  Profitability (return on assets) N/A 5.1% -1.35%
  Average Loan Size (% of per capita income) N/A 23.00% 12.34%

Country Fast Facts

Field Partner Staff

NELLY BELARMINA ESTUPIÑÁN ESTUPIÑÁN
CLAUDIA MILENA RIOS BASTILLA