Status update - November 24, 2020

2020 has not been kind to small businesses and Extensio is no exception. By the end of May, due to the effects of COVID-19, Extensio lost their second largest contract and made the difficult decision to close the company. Fortunately, when communicating this decision to their network, various acquisition opportunities arose and they were able to close a deal with another social entrepreneur, Acceso, aligned with their vision of positive social change in the rural communities of Latin America. The deal value is symbolic, and unfortunately does not enable them to reimburse their Kiva loan and as such, we are defaulting this loan on Kiva. However, this deal will allow Extensio's vision to continue and their impact to scale. 

There is no Lending 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 Lending Partner All Kiva Partners
  Start Date On Kiva Apr 18, 2019 Oct 12, 2005
Total Loans $32,000 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $0 $160,872,085
Number of Paying Back Loans 0 188,297
Amount of Ended Loans $32,000 $1,768,236,180
Number of Ended Loans 1 2,370,020
Delinquency Rate 0.00% 12.24%
Amount in Arrears $0 $12,206,242
Outstanding Portfolio $0 $99,725,561
Number of Loans Delinquent 0 72,811
Default Rate 100.00% 1.83%
Amount of Ended Loans Defaulted $32,000 $32,298,216
Number of Ended Loans Defaulted 1 84,743
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 78.22%
Average Loan Size $32,000 $392
Average Individual Loan Size $32,000 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $15,600 $5,599
Average Loan Size / GDP per capita (PPP) 205.13% 7.00%
Average Time to Fund a Loan 3.65 days 8.93 days
Average Dollars Raised Per Day Per Loan $8,774.39 $43.87
  Average Loan Term 13 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 2 1,178,470
  Journaling Rate 100.00% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 74.00% PY 27.02% PY
  Profitability (return on assets) 33.7% 1% -3.10%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff