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:

Mountain Lion Agriculture is a social enterprise working to help smallholder farmers in Sierra Leone grow and succeed. The organization helps these farmers out of cycles of subsistence-only farming by supporting them during production and then buying their raw rice at a fair price.

Mountain Lion Agriculture’s business model is based on 3 key pillars: high quality rice-milling, a loyalty program for farmers and building relationships in the community. This model enhances the value chain for smallholder farmers by offering input supplies, 0% interest in-kind seed loans, free training for suppliers, machine hire services and a 250 acre model farm used to educate farmers.

 

A unique lending approach:

Mountain Lion Agriculture provides 0% interest loans to contract farmers in the form of quality seeds at the beginning of planting season. In order to guarantee good harvest, Mountain Lion Agriculture also provides an option of machine leasing services to these farmers for ploughing, farrowing and harvesting at an extra fee that can either be paid upfront or recovered from the harvest. The loans are usually payable in 6 months based on the rice-growing cycle. During harvest season, Mountain Lion Agriculture provides full transportation of paddy rice from the farms to their milling factory at no cost.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jan 9, 2017 Oct 12, 2005
Total Loans $2,379,675 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $199,950 $155,292,280
Number of Paying Back Loans 65 180,364
Amount of Ended Loans $2,179,725 $1,775,561,795
Number of Ended Loans 740 2,382,297
Delinquency Rate 100.00% 11.50%
Amount in Arrears $199,950 $10,725,818
Outstanding Portfolio $195,498 $93,282,250
Number of Loans Delinquent 65 45,477
Default Rate 13.90% 1.82%
Amount of Ended Loans Defaulted $303,050 $32,353,228
Number of Ended Loans Defaulted 98 84,927
Currency Exchange Loss Rate 2.35% 0.49%
Amount of Currency Exchange Loss $55,903 $12,023,738
Refund Rate 0.26% 0.54%
Amount of Refunded Loans $6,100 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.24%
Average Loan Size $259 $392
Average Individual Loan Size $0 $589
Average Group Loan Size $2,956 $1,892
Average number of borrowers per group 11.4 8.3
Average GDP per capita (PPP) in local country $2,100 $5,599
Average Loan Size / GDP per capita (PPP) 12.32% 7.00%
Average Time to Fund a Loan 2.8 days 8.93 days
Average Dollars Raised Per Day Per Loan $92.30 $43.86
  Average Loan Term 7.39 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 473 1,181,695
  Journaling Rate 57.39% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 47.00% PY 27.02% PY
  Profitability (return on assets) -29.92% -9.5% -3.10%
  Average Loan Size (% of per capita income) N/A 28.00% 0.00%

Country Fast Facts

Lending Partner Staff

Jason Dudek