Status update — August 2, 2021


Since the middle of 2019, Jakana has been facing financial and operational problems mainly linked to the rising supply chain prices, lower world market prices for fruit and a flash food in April 2019 which wiped out their inventory. Jakana’s problems were compounded by the Covid-19 pandemic. Despite Kiva granting them a moratorium on payments, it is now clear that Jakana has been unable to recover. Because prospects for loan recovery are minimal, we are defaulting this loan. Kiva will continue to seek updates from Jakana and hopes to be able to share better news in the near future. If Jakana is able to make any future repayments to Kiva, they will be passed along to lenders. Please know that even in cases of non-repayment, your loans are still helping make a difference in the lives of borrowers around the globe, and with your support you're giving people an opportunity to pursue better lives.


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 18, 2017 Oct 12, 2005
Total Loans $30,000 $2,056,238,590
Amount of raised Inactive loans $0 $277,355
Number of raised Inactive loans 0 253
Amount of Paying Back Loans $30,000 $158,100,775
Number of Paying Back Loans 1 187,973
Amount of Ended Loans $0 $1,854,343,460
Number of Ended Loans 0 2,501,455
Delinquency Rate 100.00% 12.27%
Amount in Arrears $23,745 $11,965,982
Outstanding Portfolio $0 $97,560,700
Number of Loans Delinquent 1 63,552
Default Rate 0.00% 1.84%
Amount of Ended Loans Defaulted $0 $34,038,827
Number of Ended Loans Defaulted 0 91,258
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,742,203
Refund Rate 0.00% 0.55%
Amount of Refunded Loans $0 $11,261,520
Number of Refunded Loans 0 9,866

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 78.49%
Average Loan Size $30,000 $393
Average Individual Loan Size $30,000 $585
Average Group Loan Size $0 $1,913
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,800 $5,592
Average Loan Size / GDP per capita (PPP) 1,666.67% 7.03%
Average Time to Fund a Loan 3.75 days 9.13 days
Average Dollars Raised Per Day Per Loan $7,998.91 $43.04
  Average Loan Term 19 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 8 1,224,773
  Journaling Rate 100.00% 41.91%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

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 57.00% PY 26.61% PY
  Profitability (return on assets) N/A 4.5% -1.37%
  Average Loan Size (% of per capita income) N/A 61.00% 0.00%

Country Fast Facts

Lending Partner Staff