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

Part of the South Pacific Business Development network, SPBD Fiji was founded in 2010 and now has multiple branches on Fiji's 2 main islands, Viti Levu and Vanua Levu, which account for about 90% of the nation’s population. SPBD Fiji is affiliated with several other Kiva Field Partners:  SPBD Samoa, SPBD Solomon Islands and SPBD Tonga. In a region that has seen myriad financial inclusion initiatives fail, the SPBD network stands out as one of the only viable partners for Kiva because of its ability to provide socially driven microfinance services in a sustainable manner.

The majority of Kiva’s funding will be directed towards expansion of SBPD’s branch in Labasa, a town of about 28,000 on Vanua Levu.

A unique lending approach:

SPBD Fiji applies the same Grameen-inspired lending methodology used by the other SPBD partners, and organizes centers into self-selected groups of 4 to 7 members, with an average of 5 groups per center. Training programs are delivered for all members before each disbursement and on an ad hoc basis at weekly center meetings. New members typically start with a loan of about $500, and gradually gain access to larger amounts in subsequent cycles.

The main loan product offered by SPBD and funded by Kiva is a standard microloan disbursed primarily for developing small businesses, although repeat members can use loans to improve housing conditions and cover childhood education costs. Common business activities include growing fruits and vegetables, fishing, pig farming and weaving.

Kiva will also fund SME loans (small and medium-sized enterprise loans) aimed at borrowers with greater business capital needs than microloans are typically designed to meet, as well as a type of loan used for higher education that allows existing SPBD customers to borrow funds to cover the costs of a university education. SPBD disburses funds from these education loans directly to the university the borrower or someone from their immediate family is attending.

A Note on SPBD Fiji’s Portfolio Yield:

We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.

For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.

We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale.

Factors that drive up the costs that this partner organization charges its borrowers include:

  • They provide very small loans. This leads to higher operating costs, since providing each individual loan presents a minimum per-unit cost.
  • They provide more than just cash to many of their borrowers, including costly wraparound services such as healthcare, financial or business training, agricultural extension services, insurance or access to education.
  • They’re based in an area with a high cost of living and doing business. This is often due to the high demand and low supply of adequate housing and goods.
  • They work extensively in rural areas, which requires their employees to engage in costly travel to find and serve their clients.
  • They operate in a region known to be at risk of natural disaster, which increases the cost of doing business.
  • They operate in an area with a limited or poorly functioning banking system. This makes it difficult to access funding locally, and makes it more challenging to send and receive payments on loans from outside the country.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 5, 2018 Oct 12, 2005
Total Loans $1,561,175 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $790,225 $147,423,550
Number of Paying Back Loans 1,146 194,726
Amount of Ended Loans $770,950 $1,193,690,950
Number of Ended Loans 956 1,537,959
Delinquency Rate 2.23% 10.51%
Amount in Arrears $9,147 $9,735,701
Outstanding Portfolio $323,388 $92,639,883
Number of Loans Delinquent 304 57,667
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $21,037,796
Number of Ended Loans Defaulted 0 51,424
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,195,382
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,939,025
Number of Refunded Loans 0 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 99.95% 76.42%
Average Loan Size $743 $394
Average Individual Loan Size $743 $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 $4,900 $5,773
Average Loan Size / GDP per capita (PPP) 15.16% 6.82%
Average Time to Fund a Loan 9.14 days 7.13 days
Average Dollars Raised Per Day Per Loan $81.23 $55.26
  Average Loan Term 12.62 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 460 796,440
  Journaling Rate 37.29% 43.15%
  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 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 53% PY 47.00% PY 25.24% PY
  Profitability (return on assets) 8.76% N/A -1.43%
  Average Loan Size (% of per capita income) N/A 6.00% 12.96%

Country Fast Facts

Field Partner Staff

Elrico Munoz
Joana Tabua