Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Sembrar Sartawi to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Bolivia has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and Sembrar Sartawi may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by Sembrar Sartawi. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Sembrar Sartawi to support them and their borrowers through the COVID-19 crisis. Sembrar Sartawi is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Sembrar Sartawi, we’re grateful for your continued support through this difficult time. 

Status Update:

Protests have been on-going in Bolivia due to the contested elections on October 20th. There have been street demonstrations and road blockages across much of the country. Unfortunately, the protests and other demonstrations have resulted in the loss of life and impacted the economy of Bolivia. However, some stability has returned to the country and new elections have been announced for early in 2020. We have been in contact with our partners and are currently monitoring the situation closely as Kiva borrowers and partner staff have been affected by the unrest. This might result in an increase in delinquency rates since a lot of informal economic activities have been impacted. As more information comes in, we will update lenders accordingly.

Partner description:

Sembrar Sartawi is a microfinance institution located in Bolivia. They focus on improving farm productivity, which increases incomes for smallholder farmers in rural areas, where almost 2/3 of the population live below the poverty line and nearly half live in extreme poverty. 

Sartawi combines their loan products with technical advisory services to adopt agricultural best practices and improve productivity through the use of new and better farming technologies.  They also offer extensive financial education programming, and tools to mitigate the effects of climate change, including a micro-insurance product. To further increase their positive impact, Sartawi facilitates access to markets with up-to-date pricing information for their clients to support fair incomes. 

In addition to agricultural loans, Sartawi offers a range of other microcredit options, such as village banking loans, which provide financial services to low-income borrowers, the majority of whom are women. In 2016, Sartawi merged with former Kiva Field Partner, Emprender, to diversify their portfolio.

A unique lending approach: 
Sembrar Sartawi provides additional integrative services for their clients, such as micro-insurance plans and guidance for new farming technology. This comprehensive support provides farmers with the means to succeed in a higher risk sector. Sartawi also uses mobile messaging for repayment reminders, which allows them to easily communicate with their rural borrowers.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 13, 2017 Oct 12, 2005
Total Loans $1,392,725 $1,458,955,925
Amount of raised Inactive loans $0 $499,525
Number of raised Inactive loans 0 175
Amount of Paying Back Loans $387,975 $148,868,425
Number of Paying Back Loans 201 172,561
Amount of Ended Loans $1,004,750 $1,309,587,975
Number of Ended Loans 794 1,717,039
Delinquency Rate 10.99% 22.11%
Amount in Arrears $32,079 $20,924,979
Outstanding Portfolio $227,444 $94,639,686
Number of Loans Delinquent 111 70,833
Default Rate 0.97% 1.72%
Amount of Ended Loans Defaulted $9,724 $22,570,998
Number of Ended Loans Defaulted 18 54,508
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,960,897
Refund Rate 0.13% 0.63%
Amount of Refunded Loans $1,750 $9,164,975
Number of Refunded Loans 2 8,498

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.87% 76.77%
Average Loan Size $704 $395
Average Individual Loan Size $963 $609
Average Group Loan Size $4,204 $1,775
Average number of borrowers per group 8.3 7.8
Average GDP per capita (PPP) in local country $5,500 $5,728
Average Loan Size / GDP per capita (PPP) 12.80% 6.89%
Average Time to Fund a Loan 15.86 days 7.52 days
Average Dollars Raised Per Day Per Loan $44.37 $52.49
  Average Loan Term 15.83 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 43 916,190
  Journaling Rate 4.48% 43.72%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 35% APR 20.00% PY 24.84% PY
  Profitability (return on assets) N/A 1.5% -0.97%
  Average Loan Size (% of per capita income) N/A 88.00% 12.34%

Country Fast Facts

Field Partner Staff

Lesly Megan Lafuente Monterrey
Cristhian Rivera
Denisse Fabiola Vargas Machicado