The very first loans funded through Kiva were posted in April 2005. Instead of being posted and administered by a formal Field Partner or microfinance institution, these East Africa Beta loans were administered by a friend of Co-Founders, Matt Flannery and Jessica Jackley, who lived and worked in East Africa. To learn more about the beginnings of Kiva's work in East Africa, please read, "Kiva and the Birth of Person-to-Person Microfinance," authored by Matt Flannery, which was published in the Winter/Spring issue of Innovations by MIT Press.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 15, 2005 Oct 12, 2005
Total Loans $26,600 $780,017,200
Amount of raised Inactive loans $0 $210,250
Number of raised Inactive loans 0 142
Amount of Paying Back Loans $0 $134,582,300
Number of Paying Back Loans 0 159,198
Amount of Ended Loans $26,600 $645,224,650
Number of Ended Loans 55 798,613
Delinquency Rate 0.00% 8.67%
Amount in Arrears $0 $7,777,227
Outstanding Portfolio $0 $89,687,850
Number of Loans Delinquent 0 30,050
Default Rate 9.19% 1.27%
Amount of Ended Loans Defaulted $2,445 $8,190,794
Amount of Ended Loans $26,600 $645,224,650
Number of Ended Loans Defaulted 7 22,001
Currency Exchange Loss Rate 0.00% 0.37%
Amount of Currency Exchange Loss $0 $2,861,801
Refund Rate 0.00% 0.66%
Amount of Refunded Loans $0 $5,158,575
Number of Refunded Loans 0 5,582

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.73% 74.54%
Average Loan Size $484 $413
Average Individual Loan Size $484 $648
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $0 $5,944
Average Loan Size / GDP per capita (PPP) 0.00% 6.95%
Average Time to Fund a Loan 0 days 6.73 days
Average Dollars Raised Per Day Per Loan $0.00 $61.37
  Average Loan Term 6.04 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 422 382,318
  Journaling Rate 100.00% 40.72%
  Average Number of Comments Per Journal 1.15 0.06
  Average Number of Recommendations Per Journal 2.91 1.45

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 57.00% PY 29.09% PY
  Profitability (return on assets) N/A 4.5% -1.41%
  Average Loan Size (% of per capita income) N/A 61.00% 19.25%

Country Fast Facts

Field Partner Staff

Hellen Rose Akiteng
Rowland Amulyoto
Jo Henriksen
stella Ikere
Josphat Kabui
Monica Martinez
Richard Mazengo
Alfred Tabaaro