N/A, direct to Ab Ovo Confectionery Limited

Approved to post Kiva loans from: Ghana

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 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	Jun 19, 2017	Oct 12, 2005
Total Loans	$25,000	$1,496,509,075
Amount of raised Inactive loans	$0	$179,850
Number of raised Inactive loans	0	148
Amount of Paying Back Loans	$25,000	$154,797,150
Number of Paying Back Loans	1	188,955
Amount of Ended Loans	$0	$1,341,532,075
Number of Ended Loans	0	1,759,618
Delinquency Rate	100.00%	22.74%
Amount in Arrears	$25,000	$22,388,015
Outstanding Portfolio	$24,025	$98,448,779
Number of Loans Delinquent	1	101,297
Default Rate	0.00%	1.73%
Amount of Ended Loans Defaulted	$0	$23,256,208
Number of Ended Loans Defaulted	0	57,822
Currency Exchange Loss Rate	0.00%	0.40%
Amount of Currency Exchange Loss	$0	$6,269,398
Refund Rate	0.00%	0.62%
Amount of Refunded Loans	$0	$9,336,825
Number of Refunded Loans	0	8,666

Loan Characteristics On Kiva

	This Field Partner	All Kiva Partners
Loans to Women Borrowers	100.00%	76.91%
Average Loan Size	$25,000	$393
Average Individual Loan Size	$25,000	$606
Average Group Loan Size	$0	$1,777
Average number of borrowers per group	0	7.9
Average GDP per capita (PPP) in local country	$3,500	$5,709
Average Loan Size / GDP per capita (PPP)	714.29%	6.89%
Average Time to Fund a Loan	2.33 days	7.8 days
Average Dollars Raised Per Day Per Loan	$10,712.27	$50.43
Average Loan Term	13 months	11.37 months

Journaling Performance on Kiva

	This Field Partner	All Kiva Partners
Total Journals	6	932,390
Journaling Rate	100.00%	43.18%
Average Number of Comments Per Journal	0.00	0.03
Average Number of Recommendations Per Journal	0.00	0.69

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	53.00% PY	26.42% PY
Profitability (return on assets)	N/A	0.3%	-0.69%
Average Loan Size (% of per capita income)	N/A	13.00%	12.11%

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

Field Partner Staff

Priscilla Impraim