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 $33,300 $890,155,275
Amount of raised Inactive loans $3,625 $681,100
Number of raised Inactive loans 7 311
Amount of Paying Back Loans $29,675 $141,005,100
Number of Paying Back Loans 48 173,398
Amount of Ended Loans $0 $748,469,075
Number of Ended Loans 0 931,065
Delinquency Rate 3.26% 9.49%
Amount in Arrears $771 $8,728,656
Outstanding Portfolio $23,641 $92,025,763
Number of Loans Delinquent 18 33,089
Default Rate 0.00% 1.35%
Amount of Ended Loans Defaulted $0 $10,092,725
Number of Ended Loans Defaulted 0 28,346
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $3,973,667
Refund Rate 2.10% 0.64%
Amount of Refunded Loans $700 $5,731,525
Number of Refunded Loans 1 5,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 55.41% 74.98%
Average Loan Size $607 $406
Average Individual Loan Size $607 $638
Average Group Loan Size $0 $1,803
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $11,100 $5,930
Average Loan Size / GDP per capita (PPP) 5.47% 6.85%
Average Time to Fund a Loan 14.58 days 6.94 days
Average Dollars Raised Per Day Per Loan $41.65 $58.56
  Average Loan Term 19.42 months 11.07 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 17 458,189
  Journaling Rate 0.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.25

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 26.53% PY
  Profitability (return on assets) N/A 5.1% 0.08%
  Average Loan Size (% of per capita income) N/A 23.00% 18.53%

Country Fast Facts

Field Partner Staff

NELLY BELARMINA ESTUPIÑÁN ESTUPIÑÁN