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:

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 Lending Partner All Kiva Partners
  Start Date On Kiva Jun 19, 2017 Oct 12, 2005
Total Loans $183,975 $1,958,960,270
Amount of raised Inactive loans $0 $198,810
Number of raised Inactive loans 0 174
Amount of Paying Back Loans $106,475 $161,515,145
Number of Paying Back Loans 3 189,106
Amount of Ended Loans $77,500 $1,768,242,580
Number of Ended Loans 3 2,370,068
Delinquency Rate 0.00% 12.15%
Amount in Arrears $0 $12,196,492
Outstanding Portfolio $63,411 $100,379,645
Number of Loans Delinquent 0 72,762
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,307,398
Number of Ended Loans Defaulted 0 84,791
Currency Exchange Loss Rate 2.43% 0.50%
Amount of Currency Exchange Loss $4,480 $11,998,745
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.24%
Average Loan Size $30,663 $392
Average Individual Loan Size $30,663 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $12,700 $5,599
Average Loan Size / GDP per capita (PPP) 241.44% 7.00%
Average Time to Fund a Loan 19.46 days 8.93 days
Average Dollars Raised Per Day Per Loan $1,575.84 $43.86
  Average Loan Term 49 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 5 1,178,680
  Journaling Rate 66.67% 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 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR N/A 27.02% PY
  Profitability (return on assets) 4.51% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Petruta Stoica
Maria Trindade
Gabriela Cosmina Tudor