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.

 

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 $61,725 $964,411,000
Amount of raised Inactive loans $9,600 $471,900
Number of raised Inactive loans 14 232
Amount of Paying Back Loans $46,950 $146,758,050
Number of Paying Back Loans 76 182,630
Amount of Ended Loans $5,175 $817,181,050
Number of Ended Loans 8 1,025,959
Delinquency Rate 1.70% 7.86%
Amount in Arrears $583 $7,620,696
Outstanding Portfolio $34,393 $96,926,259
Number of Loans Delinquent 6 19,270
Default Rate 0.00% 1.41%
Amount of Ended Loans Defaulted $0 $11,498,102
Number of Ended Loans Defaulted 0 33,015
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 1.13% 0.62%
Amount of Refunded Loans $700 $5,946,325
Number of Refunded Loans 1 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 61.98% 75.33%
Average Loan Size $631 $399
Average Individual Loan Size $631 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $11,100 $5,879
Average Loan Size / GDP per capita (PPP) 5.68% 6.79%
Average Time to Fund a Loan 13.28 days 6.92 days
Average Dollars Raised Per Day Per Loan $47.48 $57.68
  Average Loan Term 19.3 months 11.12 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 18 502,623
  Journaling Rate 66.67% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 32.00% PY 26.15% PY
  Profitability (return on assets) N/A 5.1% -1.14%
  Average Loan Size (% of per capita income) N/A 23.00% 16.85%

Country Fast Facts

Field Partner Staff

NELLY BELARMINA ESTUPIÑÁN ESTUPIÑÁN