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:
MCE Social Capital is a nonprofit impact investing firm that makes loans to organizations that help people living in poverty improve their lives. Their innovative approach consists of activating private sector capital for microfinance institutions and social enterprises by using a guarantee system. They leverage the investment portfolios of foundations, corporations and high-net-worth individuals as a guarantee that is only used if loans are defaulted. The use of these funds results is a tax-deductible (for U.S. taxpayers) contribution to MCE. As such, no payments are made for providing the guarantee but a tax receipt is received in the event the guarantee is utilized.
Their partners’ clients are nearly 80% women, most of whom are living in rural areas, and the partners tend to offer health or business education as well. Because of their mission, MCE’s partners do overlap with some of Kiva’s Field Partners.
MCE has been selected among the top 10 finalists of USAID's PACE program and has been one of Impact Asset’s Top 50 Impact Investment Funds in 2012, 2013, 2014 and 2015.

A unique lending approach:
In 2014, MCE launched a new program, called the Frontier Fund. This fund supports small and medium enterprises led by local entrepreneurs while striving to empower women, promote agriculture and food security, or access to water and sanitation services.
The Frontier Fund aims to finance the missing middle–businesses too large to benefit from microfinance but to small or new to benefit from traditional financing–and demonstrate their impact and credit worthiness.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 4, 2017 Oct 12, 2005
Total Loans $50,000 $950,570,550
Amount of raised Inactive loans $0 $367,300
Number of raised Inactive loans 0 244
Amount of Paying Back Loans $50,000 $143,502,175
Number of Paying Back Loans 1 177,163
Amount of Ended Loans $0 $806,701,075
Number of Ended Loans 0 1,011,720
Delinquency Rate 0.00% 7.85%
Amount in Arrears $0 $7,363,206
Outstanding Portfolio $50,000 $93,782,084
Number of Loans Delinquent 0 18,319
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,327,296
Number of Ended Loans Defaulted 0 32,592
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,912,425
Number of Refunded Loans 0 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 75.25%
Average Loan Size $50,000 $400
Average Individual Loan Size $50,000 $632
Average Group Loan Size $0 $1,766
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $54,800 $5,888
Average Loan Size / GDP per capita (PPP) 91.24% 6.79%
Average Time to Fund a Loan 13.97 days 6.93 days
Average Dollars Raised Per Day Per Loan $3,579.85 $57.67
  Average Loan Term 10.5 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 494,959
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 10% APR N/A 26.03% PY
  Profitability (return on assets) 1.6% N/A -0.81%
  Average Loan Size (% of per capita income) N/A N/A 17.16%

Country Fast Facts

Field Partner Staff

Pierre Berard
Natasha Goldstein
Benjamin Stone