Fledge is a U.S.-based, for-profit social enterprise, operating a business accelerator focused on socially and environmentally conscious startups, worldwide.
 
This takes the form of an intense, 10-week program, inviting 5-8 early-stage companies per session to their co-working space within Impact Hub Seattle.  During these 10 weeks, the “fledglings” are taught the best practices of entrepreneurship, meet with dozens of experienced mentors, work together to solve common issues, and present their stories in front of an audience of hundreds.
 
Like many other business accelerators, Fledge pays its participants, US$15,000 per company.  Unlike other accelerators, this investment is structured as a unique, revenue-based equity investment.
 
A unique lending approach:

Funding on Kiva will help Fledge fulfill its mission by helping their graduates push through the pioneer gap – the point at which companies have proven a demand for their product or service, but lack the funding required to reach enough customers or investors.


Most of the loans will fall within the $5,000 to $20,000 range - enough to help entrepreneurs reach sufficient scale to attract other investors. On a case-by-case basis, Fledge will determine the size of the loans by balancing the capital needs of the borrowers with their ability to repay the loans. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 30, 2014 Oct 12, 2005
Total Loans $46,500 $821,286,200
Amount of raised Inactive loans $0 $433,000
Number of raised Inactive loans 0 384
Amount of Paying Back Loans $36,000 $135,799,725
Number of Paying Back Loans 3 161,186
Amount of Ended Loans $10,500 $685,053,475
Number of Ended Loans 2 847,898
Delinquency Rate 23.37% 8.51%
Amount in Arrears $5,335 $7,579,982
Outstanding Portfolio $22,830 $89,020,304
Number of Loans Delinquent 2 24,837
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $8,600,432
Amount of Ended Loans $10,500 $685,053,475
Number of Ended Loans Defaulted 0 22,761
Currency Exchange Loss Rate 0.00% 0.41%
Amount of Currency Exchange Loss $0 $3,389,095
Refund Rate 21.51% 0.65%
Amount of Refunded Loans $10,000 $5,367,575
Number of Refunded Loans 1 5,688

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.57% 74.68%
Average Loan Size $9,417 $409
Average Individual Loan Size $9,417 $646
Average Group Loan Size $0 $1,819
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $54,800 $5,942
Average Loan Size / GDP per capita (PPP) 17.18% 6.89%
Average Time to Fund a Loan 6.63 days 6.8 days
Average Dollars Raised Per Day Per Loan $1,419.96 $60.15
  Average Loan Term 15.43 months 10.97 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 401,781
  Journaling Rate 100.00% 40.50%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 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 4% APR N/A 28.68% PY
  Profitability (return on assets) -14.86% N/A -0.68%
  Average Loan Size (% of per capita income) N/A N/A 19.50%

Country Fast Facts

Field Partner Staff

Michael Libes