N/A, direct to LLK
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.
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There is no Lending 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 Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | May 17, 2017 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $36,000 | $1,971,169,190 | |
| Amount of raised Inactive loans | $0 | $536,105 | |
| Number of raised Inactive loans | 0 | 280 | |
| Amount of Paying Back Loans | $0 | $161,586,925 | |
| Number of Paying Back Loans | 0 | 189,718 | |
| Amount of Ended Loans | $36,000 | $1,778,439,615 | |
| Number of Ended Loans | 1 | 2,385,454 | |
| Delinquency Rate | 0.00% | 12.15% | |
| Amount in Arrears | $0 | $12,086,832 | |
| Outstanding Portfolio | $0 | $99,463,978 | |
| Number of Loans Delinquent | 0 | 74,101 | |
| Default Rate | 100.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $36,000 | $32,495,440 | |
| Number of Ended Loans Defaulted | 1 | 85,192 | |
| Currency Exchange Loss Rate | 0.00% | 0.49% | |
| Amount of Currency Exchange Loss | $0 | $12,087,286 | |
| Refund Rate | 0.00% | 0.55% | |
| Amount of Refunded Loans | $0 | $10,837,725 | |
| Number of Refunded Loans | 0 | 9,606 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 0.00% | 78.27% | |
|---|---|---|---|
| Average Loan Size | $36,000 | $392 | |
| Average Individual Loan Size | $36,000 | $589 | |
| Average Group Loan Size | $0 | $1,896 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,800 | $5,597 | |
| Average Loan Size / GDP per capita (PPP) | 2,000.00% | 7.01% | |
| Average Time to Fund a Loan | 15.22 days | 8.96 days | |
| Average Dollars Raised Per Day Per Loan | $2,365.27 | $43.79 | |
| Average Loan Term | 19 months | 11.47 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 8 | 1,185,427 | |
|---|---|---|---|
| Journaling Rate | 100.00% | 42.20% | |
| 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 2009 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | 36.00% PY | 26.71% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | 0.5% | -3.03% | |
| Average Loan Size (% of per capita income) | N/A | 56.00% | 0.00% |
Country Fast Facts
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official)
- Population:
- 45,010,056
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 75%, industry and services: 25%
- Population Below Poverty Line:
- 43.40%
- Literacy Rate:
- 87.40%
- Infant Mortality Rate (per 1000):
- 40.71 deaths
- Life Expectancy:
- 63.52 years