Aflore
Approved to post Kiva loans from: Colombia
Aflore is a microfinance institution that combines tech and data with the trust in existing personal relationships to bring financial services to the middle class in Colombia
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Apr 4, 2022 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $83,150 | $1,999,972,715 | |
| Amount of raised Inactive loans | $0 | $557,650 | |
| Number of raised Inactive loans | 0 | 203 | |
| Amount of Paying Back Loans | $64,790 | $153,956,230 | |
| Number of Paying Back Loans | 107 | 181,893 | |
| Amount of Ended Loans | $18,360 | $1,810,017,340 | |
| Number of Ended Loans | 36 | 2,432,231 | |
| Delinquency Rate | 76.74% | 11.50% | |
| Amount in Arrears | $33,930 | $10,715,938 | |
| Outstanding Portfolio | $38,379 | $93,157,824 | |
| Number of Loans Delinquent | 107 | 46,269 | |
| Default Rate | 0.00% | 1.84% | |
| Amount of Ended Loans Defaulted | $0 | $33,278,852 | |
| Number of Ended Loans Defaulted | 0 | 87,208 | |
| Currency Exchange Loss Rate | 1.23% | 0.48% | |
| Amount of Currency Exchange Loss | $1,796 | $12,335,694 | |
| Refund Rate | 0.00% | 0.54% | |
| Amount of Refunded Loans | $0 | $10,873,075 | |
| Number of Refunded Loans | 0 | 9,630 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 50.00% | 78.34% | |
|---|---|---|---|
| Average Loan Size | $581 | $392 | |
| Average Individual Loan Size | $581 | $587 | |
| Average Group Loan Size | $0 | $1,903 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $11,100 | $5,595 | |
| Average Loan Size / GDP per capita (PPP) | 5.24% | 7.01% | |
| Average Time to Fund a Loan | 16.73 days | 9.02 days | |
| Average Dollars Raised Per Day Per Loan | $34.75 | $43.51 | |
| Average Loan Term | 20.05 months | 11.48 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 12 | 1,199,432 | |
|---|---|---|---|
| Journaling Rate | 9.60% | 42.11% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.56 |
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 | 32.00% PY | 26.87% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -55.22% | 5.1% | -2.44% | |
| Average Loan Size (% of per capita income) | N/A | 23.00% | 0.00% |
Country Fast Facts
- Country:
- Colombia
- Capital:
- Bogota
- Official Language:
- Spanish
- Population:
- 46,245,297
- Avg Annual Income:
- $11,100
- Labor Force:
- agriculture: 17%, industry: 21%, services: 62%
- Population Below Poverty Line:
- 32.70%
- Literacy Rate:
- 93.60%
- Infant Mortality Rate (per 1000):
- 15.02 deaths
- Life Expectancy:
- 75.25 years
Lending Partner Staff
Ana BarreraJulian Gil
Jhon Ochoa
Catalina Panesso