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

August 6, 2020 - COVID-19 Update:

Kiva has been in contact with WMB to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Papua New Guinea has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole.

As a result, borrowers and WMB may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by WMB. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with WMB to support them and their borrowers through the COVID-19 crisis. WMB is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and WMB, we’re grateful for your continued support through this difficult time.

 

Partner description:

Women’s Micro Bank is a microfinance institution in Papua New Guinea, and the only one in the country with an explicit focus on women. Women’s Micro Bank is committed to investing in low-income rural women, and assists women 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 Women’s Micro Bank’s efforts to sustainably support the expansion of its loan portfolio. The organization is creating 2 types of loans: general loans and agricultural loans. General loans will support a broad set of informal business activities while agricultural loans will go towards women engaged in farming.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 13, 2018 Oct 12, 2005
Total Loans $162,275 $1,439,377,250
Amount of raised Inactive loans $0 $1,243,450
Number of raised Inactive loans 0 130
Amount of Paying Back Loans $61,100 $146,256,975
Number of Paying Back Loans 83 163,709
Amount of Ended Loans $101,175 $1,291,876,825
Number of Ended Loans 129 1,691,595
Delinquency Rate 19.27% 22.15%
Amount in Arrears $10,214 $20,874,258
Outstanding Portfolio $52,419 $94,231,541
Number of Loans Delinquent 45 78,172
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,369,195
Number of Ended Loans Defaulted 0 54,266
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,745,563
Refund Rate 1.49% 0.63%
Amount of Refunded Loans $2,425 $9,123,550
Number of Refunded Loans 2 8,449

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 99.56% 76.62%
Average Loan Size $770 $395
Average Individual Loan Size $770 $612
Average Group Loan Size $0 $1,770
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,400 $5,734
Average Loan Size / GDP per capita (PPP) 32.07% 6.89%
Average Time to Fund a Loan 0.16 days 7.3 days
Average Dollars Raised Per Day Per Loan $4,833.26 $54.10
  Average Loan Term 9.09 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 906,561
  Journaling Rate 0.00% 43.90%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.71

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 78% PY 32.00% PY 25.53% PY
  Profitability (return on assets) 0.54% 1.5% -1.31%
  Average Loan Size (% of per capita income) N/A 327.00% 12.38%

Country Fast Facts

Field Partner Staff

Gunanidhi Das
Melisha Sindiwan
Benjamin Terema
Rose Walaget