Status update — March 20, 2021

Since the middle of 2018, LLK has been facing financial and operational problems mainly linked to lack of customer traction. LLK's largest customer shut down in 2018 resulting in a 50% loss of revenue. Despite the implementation of new sales strategies, LLK has been unable to recover. The Covid-19 pandemic added another level of difficulty with travel bans in place and the inability to ship some of the merchandise. The company hasn't generated any profits in the last 12 months and prospects for loan recovery are minimal. Because prospects for loan recovery are minimal, we are defaulting this loan. Kiva will continue to seek updates from LLK and hopes to be able to share better news in the near future. If LLK is able to make any future repayments to Kiva, they will be passed along to lenders.

Status update — September 4, 2018LLK has failed to meet its payment obligations to Kiva lenders since January 2018 and the $21,000 are now delinquent.


There is no Field Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 17, 2017 Oct 12, 2005
Total Loans $36,000 $1,608,688,920
Amount of raised Inactive loans $0 $647,750
Number of raised Inactive loans 0 706
Amount of Paying Back Loans $0 $165,151,500
Number of Paying Back Loans 0 202,585
Amount of Ended Loans $36,000 $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 $0 $103,457,745
Number of Loans Delinquent 0 75,538
Default Rate 100.00% 1.71%
Amount of Ended Loans Defaulted $36,000 $24,702,368
Number of Ended Loans Defaulted 1 61,787
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $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 0.00% 77.44%
Average Loan Size $36,000 $392
Average Individual Loan Size $36,000 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $5,673
Average Loan Size / GDP per capita (PPP) 2,000.00% 6.91%
Average Time to Fund a Loan 15.22 days 8.07 days
Average Dollars Raised Per Day Per Loan $2,365.27 $48.58
  Average Loan Term 19 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 8 979,534
  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 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 26.41% PY
  Profitability (return on assets) N/A 0.5% -0.56%
  Average Loan Size (% of per capita income) N/A 56.00% 11.35%

Country Fast Facts

Field Partner Staff