Status update — September 4, 2018

Ab Ovo has failed to meet its payment obligations to Kiva lenders since January 2018 and the entire loan amount of $25,000 is 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 Jun 19, 2017 Oct 12, 2005
Total Loans $25,000 $1,972,790,920
Amount of raised Inactive loans $0 $595,725
Number of raised Inactive loans 0 385
Amount of Paying Back Loans $0 $154,901,525
Number of Paying Back Loans 0 179,836
Amount of Ended Loans $25,000 $1,785,569,045
Number of Ended Loans 1 2,397,855
Delinquency Rate 0.00% 11.73%
Amount in Arrears $0 $10,935,861
Outstanding Portfolio $0 $93,238,507
Number of Loans Delinquent 0 44,999
Default Rate 96.10% 1.82%
Amount of Ended Loans Defaulted $24,025 $32,502,157
Number of Ended Loans Defaulted 1 85,205
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,113,905
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 100.00% 78.27%
Average Loan Size $25,000 $392
Average Individual Loan Size $25,000 $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 $3,500 $5,597
Average Loan Size / GDP per capita (PPP) 714.29% 7.01%
Average Time to Fund a Loan 2.33 days 8.95 days
Average Dollars Raised Per Day Per Loan $10,712.27 $43.78
  Average Loan Term 13 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 7 1,187,016
  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 53.00% PY 26.71% PY
  Profitability (return on assets) N/A 0.3% -3.03%
  Average Loan Size (% of per capita income) N/A 13.00% 0.00%

Country Fast Facts

Country:
Ghana
Capital:
Accra
Official Language:
Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%
Population:
25,758,108
Avg Annual Income:
$3,500
Labor Force:
agriculture: 56%, industry: 15%, services: 29%
Population Below Poverty Line:
28.50%
Literacy Rate:
71.50%
Infant Mortality Rate (per 1000):
38.52 deaths
Life Expectancy:
65.75 years

Lending Partner Staff