Status update April 24, 2014-

Kiva and VisionFund Indonesia have ended their partnership after nearly three years and more than $290,000 in loans. This is due to VisionFund Indonesia closing its doors as an organization. 
We thank VisionFund Indonesia for their years of collaboration and hard work.

Partner description:

VisionFund Indonesia is a Christian micro venture capital organization owned by Mitra Masyarakat Sejahtera (MMS) and Wahana Visi Indonesia.  The organization has been involved in microfinancing activities since 2000 under MMS. In 2010, VisionFund Indonesia was set up as the legal structure for implementing microfinance.

VisionFund Indonesia operates in Indonesia, which has a huge untapped market. Of 42 million microbusinesses in Indonesia, only 16 million have been served by MFIs so far. As of September 30th, 2011, VisionFund Indonesia currently is serving more than 8,500 customers through 9 branches in Jakarta and Surabaya, and aspires to grow the businesses rapidly but in a sustainable manner.

VisionFund Indonesia’s main target are the entrepreneurial poor who have existing microbusinesses for at least 6 months and have no financial access to commercial banks. VisionFund Indonesia provides microloans (ranging from US$50 - $600) through solidarity groups consisting of 5-10 poor business people, with no physical collateral, payable in 6-12 months with repayment frequency of weekly, biweekly or monthly.  Loan officers typically collect the repayments during meetings. VisionFund Indonesia also offers individual loans. VisionFund Indonesia provides microinsurance for all clients through a partnership with Allianz insurance company.

By providing better alternatives to access credit and microinsurance, VisionFund Indonesia has helped transform the lives of many families. VisionFund Indonesia collaborates with World Vision Indonesia by striving to build client capacity through business management modules, financial literacy, and values trainings, which promote personal development. VisionFund Indonesia operates with the understanding that by equipping clients with knowledge, in addition to capital, clients will have the tools to sustain and, eventually, grow their businesses.  VisionFund Indonesia primarily serves women, under the notion that as women are able to achieve higher incomes, they will directly invest to improve their family’s quality of life, and they will instill good values in their children.  VisionFund Indonesia continues to explore methods to increase outreach to people in impoverished regions.

Vision: “Our vision for every child, life in all its fullness; Our prayer for every heart, The will to make it so". 

Mission: “Providing financial services to empower the enterprising poor to liberate their families from poverty in the communities where World Vision works.”

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 27, 2011 Oct 12, 2005
Total Loans $294,550 $821,286,200
Amount of raised Inactive loans $0 $433,000
Number of raised Inactive loans 0 384
Amount of Paying Back Loans $0 $135,799,725
Number of Paying Back Loans 0 161,186
Amount of Ended Loans $294,550 $685,053,475
Number of Ended Loans 285 847,898
Delinquency Rate 0.00% 8.51%
Amount in Arrears $0 $7,579,982
Outstanding Portfolio $0 $89,020,304
Number of Loans Delinquent 0 24,837
Default Rate 6.68% 1.26%
Amount of Ended Loans Defaulted $19,667 $8,600,432
Amount of Ended Loans $294,550 $685,053,475
Number of Ended Loans Defaulted 48 22,761
Currency Exchange Loss Rate 0.80% 0.41%
Amount of Currency Exchange Loss $2,362 $3,389,095
Refund Rate 0.55% 0.65%
Amount of Refunded Loans $1,625 $5,367,575
Number of Refunded Loans 2 5,688

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.18% 74.68%
Average Loan Size $189 $409
Average Individual Loan Size $548 $646
Average Group Loan Size $1,070 $1,819
Average number of borrowers per group 5.8 7.9
Average GDP per capita (PPP) in local country $5,200 $5,942
Average Loan Size / GDP per capita (PPP) 3.64% 6.89%
Average Time to Fund a Loan 2.62 days 6.8 days
Average Dollars Raised Per Day Per Loan $72.34 $60.15
  Average Loan Term 8.22 months 10.97 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 73 401,781
  Journaling Rate 25.61% 40.50%
  Average Number of Comments Per Journal 0.01 0.06
  Average Number of Recommendations Per Journal 0.01 1.38

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 40.00% PY 28.68% PY
  Profitability (return on assets) N/A 1.8% -0.68%
  Average Loan Size (% of per capita income) 4.00% 23.00% 19.50%

Country Fast Facts

Field Partner Staff

Dewi Aloina
Elsa Beatrix
Lea Danikasih
Widi Gratiano
Ellyne Hutajulu
Joko Purwoadi
Daniel Resner
Valentine Siagian