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

Partner description:
South Pacific Business Development Vanuatu is part of the South Pacific Business Development network of microfinance institutions.

The network aims to improve the quality of life of families living in poverty by providing unsecured credit, training and ongoing motivation and guidance. Clients work with SPBD to start, grow and maintain micro-businesses, build assets, as well as finance home improvements and childhood education.

A unique lending approach:
SPBD Vanuatu started in 2017 so it is still a young and developing organization. To date, its operations have been focused on the main island of Efate but with Kiva's help, SPBD can expand to serve other island provinces in a largely underserved microfinance market.

SPBD uses a group lending strategy to provide working capital to women and help them develop small businesses. The organization also offers loans to women to pay for home improvements and children’s school expenses. In addition to loans, SPBD offers other services including voluntary savings plans and financial literacy training.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 10, 2020 Oct 12, 2005
Total Loans $1,700,545 $1,958,611,875
Amount of raised Inactive loans $0 $197,655
Number of raised Inactive loans 0 175
Amount of Paying Back Loans $679,905 $161,174,305
Number of Paying Back Loans 1,003 188,688
Amount of Ended Loans $1,020,640 $1,768,236,180
Number of Ended Loans 1,417 2,370,063
Delinquency Rate 2.25% 12.20%
Amount in Arrears $8,562 $12,200,290
Outstanding Portfolio $192,550 $100,036,204
Number of Loans Delinquent 352 72,767
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,303,600
Number of Ended Loans Defaulted 0 84,786
Currency Exchange Loss Rate 0.00% 0.49%
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 100.00% 78.22%
Average Loan Size $703 $392
Average Individual Loan Size $703 $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 $2,500 $5,599
Average Loan Size / GDP per capita (PPP) 28.11% 7.00%
Average Time to Fund a Loan 10.17 days 8.93 days
Average Dollars Raised Per Day Per Loan $69.09 $43.87
  Average Loan Term 12.54 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,609
  Journaling Rate 0.00% 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 N/A 27.02% PY
  Profitability (return on assets) -8.85% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Mariah Nasak
Rachel Nombong