Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner |
All Kiva Partners |
|
Start Date On Kiva |
Jul 12, 2016 |
Oct 12, 2005 |
|
Total Loans |
$150,100 |
$2,042,136,830 |
|
Amount of raised Inactive loans |
$0 |
$356,500 |
|
Number of raised Inactive loans |
0 |
209 |
|
Amount of Paying Back Loans |
$0 |
$157,764,155 |
|
Number of Paying Back Loans |
0 |
189,647 |
|
Amount of Ended Loans |
$150,100 |
$1,843,227,680 |
|
Number of Ended Loans |
6 |
2,482,067 |
|
Delinquency Rate |
0.00% |
12.57% |
|
Amount in Arrears |
$0 |
$12,137,711 |
|
Outstanding Portfolio |
$0 |
$96,544,828 |
|
Number of Loans Delinquent |
0 |
65,899 |
|
Default Rate |
5.00% |
1.82% |
|
Amount of Ended Loans Defaulted |
$7,500 |
$33,582,045 |
|
Number of Ended Loans Defaulted |
1 |
88,667 |
|
Currency Exchange Loss Rate |
0.00% |
0.47% |
|
Amount of Currency Exchange Loss |
$0 |
$12,608,670 |
|
Refund Rate |
19.99% |
0.54% |
|
Amount of Refunded Loans |
$30,000 |
$10,935,995 |
|
Number of Refunded Loans |
1 |
9,668 |
Loan Characteristics On Kiva
Journaling Performance on Kiva
Borrowing Cost Comparison (based on 2017 data)
Country Fast Facts
- Country:
- United States
- Capital:
- Washington DC
- Official Language:
- English (offical) 79.2%, Spanish 12.9%, other Indo-European 3.8%, Asian and Pacific island 3.3%, other 0.9%
- Population:
- 318,892,103
- Avg Annual Income:
- $54,800
- Labor Force:
- farming, forestry, and fishing: 0.7%, manufacturing, extraction, transportation, and crafts: 20.3%, managerial, professional, and technical: 37.3%, sales and office: 24.2%, other services: 17.6%
- Population Below Poverty Line:
- N/A
- Literacy Rate:
- 99%
- Infant Mortality Rate (per 1000):
- 6.17 deaths
- Life Expectancy:
- 78.64 years