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:
Building Markets is a nonprofit social enterprise that builds markets and creates jobs in developing countries. Read more of their founder’s story here.

Through their Sustainable Marketplace Initiative, they connect local suppliers with international buyers, creating a smooth supply and demand pipeline. They help the suppliers navigate business contracts with multilateral organizations and large international corporations in need of goods and services in the region. This initiative enables Building Markets to strengthen local businesses and create and sustain jobs. As part of the Sustainable Marketplace initiative, Building Markets also offers an invoice factoring program, which provides small and medium enterprises with a stronger cash position to manage and expand their business.

A unique lending approach:
Loans funded on Kiva provide Building Markets with capital for purchasing or guaranteeing unpaid invoices from  small and medium enterprises. When Building Markets purchases an unpaid invoice, they provide a cash advance to the supplier as they wait for repayment from the buyer (a financial transaction known as ‘invoice factoring’). The supplier is any local business or enterprise providing a product or service, and the buyer is can be government aid agencies, UN agencies, NGOs, multinational concessionaires, and private companies that are in need of a service provided by the local supplier. Generally, invoice factoring is used by businesses to ensure they have the necessary cash flow to meet immediate business demands. In these cases, the loan is repaid to Building Markets by the buyer, once the local supplying enterprise has fulfilled the needed goods or services.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 2, 2016 Oct 12, 2005
Total Loans $20,000 $963,206,100
Amount of raised Inactive loans $0 $484,950
Number of raised Inactive loans 0 243
Amount of Paying Back Loans $10,000 $145,688,425
Number of Paying Back Loans 1 181,244
Amount of Ended Loans $10,000 $817,032,725
Number of Ended Loans 1 1,025,800
Delinquency Rate 0.00% 8.00%
Amount in Arrears $0 $7,668,511
Outstanding Portfolio $10,000 $95,812,281
Number of Loans Delinquent 0 19,432
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,451,320
Number of Ended Loans Defaulted 0 32,892
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,946,325
Number of Refunded Loans 0 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 75.33%
Average Loan Size $10,000 $399
Average Individual Loan Size $10,000 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,700 $5,880
Average Loan Size / GDP per capita (PPP) 588.24% 6.79%
Average Time to Fund a Loan 7.97 days 6.92 days
Average Dollars Raised Per Day Per Loan $1,254.69 $57.70
  Average Loan Term 7 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 501,921
  Journaling Rate 0.00% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A N/A 26.14% PY
  Profitability (return on assets) 9.09% N/A -1.25%
  Average Loan Size (% of per capita income) N/A N/A 16.85%

Country Fast Facts

Field Partner Staff

Emmanual Maillard
Chelsea McKevitt