N/A, direct to Nilus

N/A, direct to Nilus

Lending Partner since 2021 • Mexico
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Fundraising Status:closed
Risk Rating:

What to know about this Lending Partner

Impact Category:
Other
Default Rate:
11.90%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$300,000
Loans at Risk Rate:
0%
Kiva Borrowers:
3
Delinquency Rate:
0%
Interests and Fees:
N/A

There is no Field Partner for this loan. It is part of the Kiva Labs Social Enterprise program. For more details on LSE, please click here. For more details on the borrower, please refer to their loan profile.


07/30/2026

The remaining balance ($35k) on the last $200k loan Kiva provided is being written off. Nilus, a social enterprise that redistributed surplus food to communities in need, reached roughly 1.5 million people with the support of this loan, and the technology it built is now being adopted by the UN World Food Programme. Its Argentina operations were sold to a mission-aligned buyer so that local impact continues. Earlier this year, Nilus's senior secured lender declined a restructuring proposal, forcing the company into a wind-down with no assets left to repay unsecured lenders like Kiva. Notably, Nilus repaid most of what it owed — about $35,000 of an ~$200,000 loan remains unpaid. A write-off is never the outcome we want, but your capital supported meaningful, lasting impact. Thank you for your support.