Status update — September 4, 2018

Vava Coffee has failed to meet its payment obligations to Kiva lenders since July 2017 and the entire loan amount of $50,000 is now delinquent.

***

There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 21, 2016 Oct 12, 2005
Total Loans $50,000 $2,242,809,360
Amount of raised Inactive loans $0 $978,550
Number of raised Inactive loans 0 137
Amount of Paying Back Loans $0 $157,145,435
Number of Paying Back Loans 0 183,550
Amount of Ended Loans $50,000 $2,084,685,375
Number of Ended Loans 1 2,743,829
Delinquency Rate 0.00% 11.16%
Amount in Arrears $0 $10,844,833
Outstanding Portfolio $0 $97,209,088
Number of Loans Delinquent 0 71,858
Default Rate 99.80% 1.78%
Amount of Ended Loans Defaulted $49,900 $37,141,062
Number of Ended Loans Defaulted 1 97,703
Currency Exchange Loss Rate 0.00% 0.37%
Amount of Currency Exchange Loss $0 $13,858,921
Refund Rate 1.00% 0.52%
Amount of Refunded Loans $500 $11,591,015
Number of Refunded Loans 1 9,990

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.99%
Average Loan Size $25,250 $409
Average Individual Loan Size $25,250 $605
Average Group Loan Size $0 $1,976
Average number of borrowers per group 0 8.4
Average GDP per capita (PPP) in local country $2,549 $4,376
Average Loan Size / GDP per capita (PPP) 990.58% 9.35%
Average Time to Fund a Loan 26.12 days 9.21 days
Average Dollars Raised Per Day Per Loan $966.58 $44.44
  Average Loan Term 14 months 11.52 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 14 1,320,200
  Journaling Rate 100.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.51

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 28.97% PY
  Profitability (return on assets) N/A 0.5% -1.29%
  Average Loan Size (% of per capita income) N/A 56.00% 0.00%

Country Fast Facts

Country:
Kenya
Capital:
Nairobi
Official Language:
English (official), Kiswahili (official)
Population:
45,010,056
Avg Annual Income:
$2,549
Labor Force:
agriculture: 75%, industry and services: 25%
Population Below Poverty Line:
43.40%
Literacy Rate:
87.40%
Infant Mortality Rate (per 1000):
40.71 deaths
Life Expectancy:
63.52 years

Lending Partner Staff