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


Status Update - 13 November 2024:

Kiva has moved this lending partner to inactive status which means Women's Micro Bank is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

 

Partner description:

Women’s Micro Bank (WMB) is a microfinance institution in Papua New Guinea with an explicit focus on women. WMB is committed to investing in low-income women and helping them to become self-reliant entrepreneurs and equal participants in the development and prosperity of the country. Through their mission, the organization hopes to improve the lives of women in Papua New Guinea.

A unique lending approach:

Kiva financing will go towards WMB’s efforts to sustainably support the expansion of its loan portfolio. The organization's loan products support a broad set of informal business activities including women engaged in agriculture.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2018 Oct 12, 2005
Total Loans $645,825 $2,257,271,515
Amount of raised Inactive loans $0 $976,575
Number of raised Inactive loans 0 120
Amount of Paying Back Loans $75,850 $159,159,100
Number of Paying Back Loans 109 183,340
Amount of Ended Loans $569,975 $2,097,135,840
Number of Ended Loans 926 2,760,111
Delinquency Rate 100.00% 10.78%
Amount in Arrears $23,671 $10,735,315
Outstanding Portfolio $23,670 $99,547,256
Number of Loans Delinquent 109 68,716
Default Rate 0.48% 1.77%
Amount of Ended Loans Defaulted $2,746 $37,161,923
Number of Ended Loans Defaulted 9 97,839
Currency Exchange Loss Rate 0.02% 0.37%
Amount of Currency Exchange Loss $154 $13,962,930
Refund Rate 0.41% 0.51%
Amount of Refunded Loans $2,675 $11,594,715
Number of Refunded Loans 3 9,993

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 99.90% 79.03%
Average Loan Size $558 $410
Average Individual Loan Size $602 $605
Average Group Loan Size $1,990 $1,980
Average number of borrowers per group 8.4 8.4
Average GDP per capita (PPP) in local country $2,555 $4,373
Average Loan Size / GDP per capita (PPP) 21.82% 9.37%
Average Time to Fund a Loan 0.48 days 9.22 days
Average Dollars Raised Per Day Per Loan $1,170.75 $44.48
  Average Loan Term 9.64 months 11.53 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4 1,325,871
  Journaling Rate 0.39% 41.56%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.51

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 78% PY 32.00% PY 28.97% PY
  Profitability (return on assets) 7.78% 1.5% -1.29%
  Average Loan Size (% of per capita income) N/A 327.00% 0.00%

Country Fast Facts

Lending Partner Staff

Gunanidhi Das
Paula Gila
Prabhash Ranjan
Solange Tabokom
Solange Tabokom
Anna Tarum
Emmah Ulaban