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 $2,239,166,535
Amount of raised Inactive loans $0 $580,425
Number of raised Inactive loans 0 138
Amount of Paying Back Loans $75,850 $154,540,530
Number of Paying Back Loans 109 179,707
Amount of Ended Loans $569,975 $2,084,045,580
Number of Ended Loans 926 2,743,369
Delinquency Rate 100.00% 9.56%
Amount in Arrears $23,671 $9,038,675
Outstanding Portfolio $23,670 $94,572,011
Number of Loans Delinquent 109 38,239
Default Rate 0.48% 1.78%
Amount of Ended Loans Defaulted $2,746 $37,137,745
Number of Ended Loans Defaulted 9 97,699
Currency Exchange Loss Rate 0.02% 0.38%
Amount of Currency Exchange Loss $152 $13,858,921
Refund Rate 0.41% 0.52%
Amount of Refunded Loans $2,675 $11,588,415
Number of Refunded Loans 3 9,987

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 99.90% 78.99%
Average Loan Size $558 $409
Average Individual Loan Size $602 $604
Average Group Loan Size $1,990 $1,975
Average number of borrowers per group 8.4 8.4
Average GDP per capita (PPP) in local country $2,555 $4,376
Average Loan Size / GDP per capita (PPP) 21.82% 9.34%
Average Time to Fund a Loan 0.48 days 9.21 days
Average Dollars Raised Per Day Per Loan $1,170.75 $44.41
  Average Loan Term 9.64 months 11.52 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4 1,319,263
  Journaling Rate 0.39% 41.65%
  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