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:
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, Unreasonable Institute now follows a revenue sharing scheme.

A unique lending approach:
As an accelerator, the Unreasonable Institute 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 Unreasonable Institute 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 Unreasonable Institute 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 $40,100 $923,326,050
Amount of raised Inactive loans $0 $628,725
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $40,100 $139,911,425
Number of Paying Back Loans 2 170,052
Amount of Ended Loans $0 $782,785,900
Number of Ended Loans 0 979,669
Delinquency Rate 7.67% 8.42%
Amount in Arrears $2,500 $7,615,831
Outstanding Portfolio $32,575 $90,466,478
Number of Loans Delinquent 1 21,444
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,717,799
Number of Ended Loans Defaulted 0 30,602
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,210,313
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,840,725
Number of Refunded Loans 0 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 75.10%
Average Loan Size $20,050 $403
Average Individual Loan Size $20,050 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $54,800 $5,908
Average Loan Size / GDP per capita (PPP) 36.59% 6.82%
Average Time to Fund a Loan 13.59 days 6.97 days
Average Dollars Raised Per Day Per Loan $1,474.90 $57.81
  Average Loan Term 12 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 479,420
  Journaling Rate 0.00% 41.60%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 4% APR N/A 26.15% PY
  Profitability (return on assets) -20.6% N/A -0.05%
  Average Loan Size (% of per capita income) N/A N/A 17.77%

Country Fast Facts

Field Partner Staff

Sara Rodriguez