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:

Asante Kenya Foundation is a social venture fund that invests financial and managerial support in social business startups in Kenya. The fund was designed to foster self-reliance in poor, rural communities, and has worked extensively with entrepreneurs in Kenya’s south coastal region.


In particular, the foundation works closely with smallholder farmers to help them utilize their land for maximum value with a micro-investment and to improve their financial security.

 

A unique lending approach:

Asante Kenya Foundation, in partnership with several organizations is piloting a new type of loan for smallholder rural farmers in southern Kenya to grow eucalyptus trees. By planting trees, Asante Kenya Foundation eases market pressure on indigenous forests while improving the degraded land on which farmers depend.

 

The loans will be in-kind, consisting of training, seedlings, fertilizer, and access to tractor and bed maker equipment. When the eucalyptus logs, biomass and essential oils are harvested, the foundation provides access to markets for the farmers.

 

While farmers are waiting for their eucalyptus trees to mature, short-term production of ginger root essential oil and moringa trees ensures a regular source of cash flow. All of a farmer’s ginger root and moringa harvest is bought by Asante Kenya Foundation and then sold to a number of buyers who's commitment is to source raw materials from smallholder farmers to impact rural communities.

 

Learning is facilitated through demonstration farms and contracts with large international organizations to ensure fair pricing, long-term sustainability and access to new markets.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 29, 2016 Oct 12, 2005
Total Loans $49,800 $938,320,675
Amount of raised Inactive loans $0 $501,975
Number of raised Inactive loans 0 449
Amount of Paying Back Loans $39,800 $143,680,125
Number of Paying Back Loans 132 175,943
Amount of Ended Loans $10,000 $794,138,575
Number of Ended Loans 20 994,903
Delinquency Rate 1.26% 7.90%
Amount in Arrears $500 $7,433,246
Outstanding Portfolio $39,800 $94,132,449
Number of Loans Delinquent 1 19,274
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 0.60% 0.63%
Amount of Refunded Loans $300 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 55.79% 75.18%
Average Loan Size $327 $401
Average Individual Loan Size $327 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,898
Average Loan Size / GDP per capita (PPP) 18.19% 6.80%
Average Time to Fund a Loan 13.03 days 6.93 days
Average Dollars Raised Per Day Per Loan $25.14 $57.86
  Average Loan Term 12.38 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 486,687
  Journaling Rate 0.00% 41.51%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR 36.00% PY 25.92% PY
  Profitability (return on assets) -12.1% 0.5% -0.29%
  Average Loan Size (% of per capita income) N/A 56.00% 17.68%

Country Fast Facts

Field Partner Staff

Anita Cherono
Maelen Haugen
Troy Holmberg
Peter Matson
Esther Mutuma
Evans Nyadera