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:

Viogaz is a social enterprise that produces and distributes biodigesters designed to fit the needs of small to medium scale farmers in Costa Rica. Viogaz provides both the product and technical assistance to farmers.

Viogaz was set up to be self-sustaining and since it was founded in 2009 has operated without donations, growing in an organic way and seeing incremental profits.

Viogaz has established itself in the sector having installed more than 200 biodigesters in the country for clients who would normally not be able to access to this technology. About 90% of the projects installed by the company are still operating. Through  investing and innovating the technology, Viogaz has made the product more affordable, which has led to higher sales.


A unique lending approach:

Viogaz has developed a new loan exclusively with Kiva. Previously, farmers were offered partial funding for the product but to increase the opportunity for their clients, Viogaz has worked with Kiva to fully fund the product, as a loan. The loans will provide farmers with the funds to buy the biodigesters, installation, and any technical assistance needed.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 9, 2016 Oct 12, 2005
Total Loans $18,925 $994,392,850
Amount of raised Inactive loans $4,825 $260,175
Number of raised Inactive loans 2 305
Amount of Paying Back Loans $11,875 $154,159,625
Number of Paying Back Loans 7 196,300
Amount of Ended Loans $2,225 $839,973,050
Number of Ended Loans 3 1,055,657
Delinquency Rate 4.55% 8.64%
Amount in Arrears $338 $8,858,527
Outstanding Portfolio $7,411 $102,532,254
Number of Loans Delinquent 2 30,799
Default Rate 0.00% 1.42%
Amount of Ended Loans Defaulted $0 $11,907,245
Number of Ended Loans Defaulted 0 34,289
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,517,253
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $5,985,075
Number of Refunded Loans 0 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.67% 75.51%
Average Loan Size $1,577 $398
Average Individual Loan Size $1,577 $627
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $12,900 $5,870
Average Loan Size / GDP per capita (PPP) 12.23% 6.78%
Average Time to Fund a Loan 1.26 days 6.92 days
Average Dollars Raised Per Day Per Loan $1,253.78 $57.53
  Average Loan Term 19.17 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 13 519,970
  Journaling Rate 100.00% 41.10%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 15% APR 23.00% PY 26.33% PY
  Profitability (return on assets) 10.7% 0.5% -1.08%
  Average Loan Size (% of per capita income) N/A 28.00% 16.31%

Country Fast Facts

Field Partner Staff

Jesús Jiménez
Viogaz SA
Joaquin Viquez