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:
Uncharted (previously the Unreasonable Institute) is a social enterprise accelerator that connects entrepreneurs with the resources and means to address major problems at scale. The goal of the Institute is to create scalable solutions and interventions that can be replicated.
The Institute’s accelerator programs range in length from 5 days to 5 weeks. They offer programs tailored by sector, with localized trainings and access to a large mentor network. Previously financed by a combination of grants and a flat fee charged to ventures, Uncharted now follows a revenue sharing scheme.

A unique lending approach:
As an accelerator, the Unchrated didn’t have a formal lending program until 2015, when they formed a partnership with Nike/Girl Effect to create a revolving loan fund for companies delivering resources to girls in poverty.
For loans funded on Kiva, the organization will select ventures that have graduated from one of the Unchareted accelerator programs. The loans will be used to help entrepreneurs increase impact, and must be used immediately for “productive assets,” or resources that will generate revenue. Examples include:  filling a working capital gap from the time a sale is closed and payment is received; hiring a new salesperson; or spending on proven marketing strategies that increase sales. The Uncharted expects its graduates to use this early capital to prove their worthiness for future, larger investments.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 12, 2016 Oct 12, 2005
Total Loans $150,100 $1,493,547,200
Amount of raised Inactive loans $0 $381,975
Number of raised Inactive loans 0 234
Amount of Paying Back Loans $0 $152,683,375
Number of Paying Back Loans 0 185,455
Amount of Ended Loans $150,100 $1,340,481,850
Number of Ended Loans 6 1,758,684
Delinquency Rate 0.00% 21.01%
Amount in Arrears $0 $20,265,845
Outstanding Portfolio $0 $96,436,598
Number of Loans Delinquent 0 70,450
Default Rate 5.00% 1.73%
Amount of Ended Loans Defaulted $7,500 $23,256,282
Number of Ended Loans Defaulted 1 57,823
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,269,191
Refund Rate 19.99% 0.62%
Amount of Refunded Loans $30,000 $9,328,875
Number of Refunded Loans 1 8,660

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 76.91%
Average Loan Size $25,729 $393
Average Individual Loan Size $25,729 $606
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $54,800 $5,713
Average Loan Size / GDP per capita (PPP) 46.95% 6.88%
Average Time to Fund a Loan 9.85 days 7.79 days
Average Dollars Raised Per Day Per Loan $2,611.45 $50.48
  Average Loan Term 13 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3 931,263
  Journaling Rate 33.33% 43.19%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR N/A 26.46% PY
  Profitability (return on assets) 11.84% N/A -0.69%
  Average Loan Size (% of per capita income) N/A N/A 12.07%

Country Fast Facts

Field Partner Staff

Alexa McNaul
Sara Rodriguez
Zach Strom