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:

Aldea Global is a nonprofit association of smallholder farmers based in the region of Jinotega, Nicaragua. Aldea Global is the sixth largest green coffee exporter and the second largest small farmer association in Nicaragua. They process, market and sell member coffee and produce, working with 1,800 growers and exporting under various certifications including FairTrade, Small Producers Symbol, RainForest Alliance, Tierra Madre (women-produced coffee) and direct trade (single estate coffee). Coffee sales account for nearly 90% of their total revenue.

 

A unique lending approach:

Aldea Global uses Kiva financing to offer group loans to more growers, in particular women's solidarity groups, known as Grupos de Desarrollo Empresarial con Mujeres. Groups consist of 3 to 8 women and loans are grouped into 3 sectors: agriculture, small business, and water and sanitation.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 27, 2016 Oct 12, 2005
Total Loans $111,625 $997,943,900
Amount of raised Inactive loans $0 $438,300
Number of raised Inactive loans 0 409
Amount of Paying Back Loans $95,050 $148,087,550
Number of Paying Back Loans 105 186,589
Amount of Ended Loans $16,575 $849,418,050
Number of Ended Loans 13 1,070,304
Delinquency Rate 0.00% 8.53%
Amount in Arrears $0 $8,137,335
Outstanding Portfolio $61,790 $95,421,997
Number of Loans Delinquent 0 20,278
Default Rate 0.00% 1.41%
Amount of Ended Loans Defaulted $0 $11,937,620
Number of Ended Loans Defaulted 0 34,361
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,521,512
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $5,985,075
Number of Refunded Loans 0 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.81% 75.52%
Average Loan Size $261 $398
Average Individual Loan Size $0 $627
Average Group Loan Size $946 $1,757
Average number of borrowers per group 3.6 7.7
Average GDP per capita (PPP) in local country $4,800 $5,871
Average Loan Size / GDP per capita (PPP) 5.43% 6.78%
Average Time to Fund a Loan 7.19 days 6.92 days
Average Dollars Raised Per Day Per Loan $36.28 $57.52
  Average Loan Term 7.46 months 11.14 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 23 521,350
  Journaling Rate 76.90% 41.20%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% APR 27.00% PY 26.37% PY
  Profitability (return on assets) 2.85% 0.9% -1.15%
  Average Loan Size (% of per capita income) N/A 40.00% 15.88%

Country Fast Facts

Field Partner Staff

Diédericks Gadea
Juan Francisco Guardado Jarquín
Julia Jessenia Herrera Chavarría