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

Status Update - November 11, 2019 

We are still working hard with the partner to determine a path forward; however, it is still not clear how many farmers were able to receive insurance payments in order to replant their banana trees. We are continuing to evaluate the potential for repayment from the farmers and we will post an update with a way forward in a few months time. We thank you for your patience and understanding.

Status Update - October 29, 2018 

In late June 2018, heavy storms and winds hit the regions of Tambacounda where the majority of MEC APROVAG's banana farmers live and work. Fortunately, the farmers themselves were not physically affected, but many of them lost their banana plants due to the natural catastrophe. The damage was especially significant for farmers whose bananas were close to being harvested. These borrowers have not been able make any repayments and MEC APROVAG is still working with their insurance company to see how many of their farmers can receive compensation after this event. Kiva is in frequent communication with MEC APROVAG and we are in the process of determining if and when Kiva borrowers will be able to repay their loans. We thank you for your patience.

Partner Description:
MEC APROVAG is a farmer-run association in Senegal that provides financial services and technical advice to support farmers in the region of Tambacounda, the largest city in eastern Senegal. The association’s mission is to help farmers increase crop productivity in order to fight poverty. Through their program, they offer peer-to-peer technical support and have formed a credit union to provide farmers with access to credit and long-term savings accounts. To increase access to rural farmers, APROVAG has developed a “guichet” system where guichets, or small branches, are located throughout the region to collect loan information and repayments. The guichets reduce time and travel constraints common with rural communities.
A unique lending approach:
Loans funded on Kiva will enable farming communities to maintain their equipment, invest in quality inputs and generate a higher income. 
Since APROVAG specializes in agricultural loans, they have the expertise and loan structure to address the unique needs of farmers. Currently, they’re the only organization working in the region with flexible grace periods and bullet repayment schedules to address the seasonality of agricultural work. Grace periods and bullet repayments allow farmers to repay all at once when they receive an influx of income, usually at harvest time when they sell their crops.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 6, 2017 Oct 12, 2005
Total Loans $50,000 $1,343,861,275
Amount of raised Inactive loans $0 $1,330,300
Number of raised Inactive loans 0 1,607
Amount of Paying Back Loans $50,000 $148,429,925
Number of Paying Back Loans 189 196,210
Amount of Ended Loans $0 $1,194,101,050
Number of Ended Loans 0 1,538,247
Delinquency Rate 100.00% 10.11%
Amount in Arrears $50,000 $9,480,164
Outstanding Portfolio $50,000 $93,799,319
Number of Loans Delinquent 189 57,316
Default Rate 0.00% 1.78%
Amount of Ended Loans Defaulted $0 $21,263,302
Number of Ended Loans Defaulted 0 51,596
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,195,261
Refund Rate 11.30% 0.60%
Amount of Refunded Loans $5,650 $8,038,950
Number of Refunded Loans 23 8,002

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.17% 76.43%
Average Loan Size $263 $394
Average Individual Loan Size $263 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,300 $5,772
Average Loan Size / GDP per capita (PPP) 11.41% 6.82%
Average Time to Fund a Loan 5.22 days 7.13 days
Average Dollars Raised Per Day Per Loan $50.26 $55.26
  Average Loan Term 10.23 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 798,145
  Journaling Rate 0.00% 43.14%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% 23.00% PY 25.24% PY
  Profitability (return on assets) 3.5% -0.1% -1.27%
  Average Loan Size (% of per capita income) N/A 46.00% 13.01%

Country Fast Facts

Field Partner Staff

Moussa Diaw