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:

The Impact Hub Global Network is the leading network of entrepreneurial communities and co-working spaces committed to generating positive impact across the globe. Impact Hub Global has Impact Hub partners in local communities in more than 80 cities.

Impact Hubs are co-working spaces that bring together entrepreneurs, activists, creatives, and other professionals driving positive social and environmental change in the world. In addition, Hubs strive to be a source of inspiration, providing meaningful content through thought-provoking events, innovation labs, learning spaces, incubation programs, and facilitated conversations. Each Impact Hub is an innovation lab, a business Incubator and a social enterprise community center.

A unique lending approach:

With Kiva financing, Impact Hub Association facilitates loans to entrepreneurial teams managing local Impact Hubs across Africa. The loans are used to finance the creation of partner Impact Hubs and the expansion and improvement of existing Impact Hubs. The loans are used for both capital expenditures including reform of spaces, furniture, equipment, etc., as well as start up operational expenditures including salaries, utilities, etc. during first months of operations.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 19, 2017 Oct 12, 2005
Total Loans $121,925 $1,608,688,920
Amount of raised Inactive loans $0 $647,750
Number of raised Inactive loans 0 706
Amount of Paying Back Loans $86,925 $165,151,500
Number of Paying Back Loans 4 202,585
Amount of Ended Loans $35,000 $1,442,889,670
Number of Ended Loans 1 1,907,536
Delinquency Rate 0.00% 17.24%
Amount in Arrears $0 $17,837,794
Outstanding Portfolio $56,209 $103,457,745
Number of Loans Delinquent 0 75,538
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,702,368
Number of Ended Loans Defaulted 0 61,787
Currency Exchange Loss Rate 3.27% 0.40%
Amount of Currency Exchange Loss $3,984 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $9,486,100
Number of Refunded Loans 0 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.44%
Average Loan Size $24,385 $392
Average Individual Loan Size $24,385 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $12,700 $5,673
Average Loan Size / GDP per capita (PPP) 192.01% 6.91%
Average Time to Fund a Loan 18.45 days 8.07 days
Average Dollars Raised Per Day Per Loan $1,321.39 $48.58
  Average Loan Term 48.67 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4 979,534
  Journaling Rate 100.00% 42.24%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR N/A 26.41% PY
  Profitability (return on assets) 0.6% N/A -0.56%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

Petruta Stoica
Maria Trindade
Gabriela Cosmina Tudor