Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.


Status Update - 13 November 2024:

Kiva has moved this lending partner to inactive status which means Kaebauk is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. Kaebauk has not posted any loans since 2023 and the organization is reassessing its Kiva strategy. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.


Partner Description:

Kaebauk Investimentu No Finansas (Kaebauk) is a microfinance institution in East Timor which was first established in 2001 with support from Save the Children and Catholic Relief Services. From the beginning, Kaebauk’s objective has been to improve the livelihoods of women and poor families through financial services. Most of Kaebauk’s services are provided in rural areas to focus on the unbanked low-income entrepreneurs. By doing so, Kaebauk believes that it will be able to contribute to sustainable economic growth in the country.

Today, Kaebauk operates across every part of the country providing loans and complementary services such as savings and insurance, as well as facilitating training sessions on various educational topics (business management, health & nutrition, etc.) Kaebauk aims to be East Timor’s most reliable financial institution in the future.


Name Change​

Kaebauk Investimentu No Finansas, SA was originally known as Tuba Rai Metin. They changed their name in April 2016 when they converted from an NGO to an ODTI (Other Deposit Taking Institution).


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva May 30, 2012 Oct 12, 2005
Total Loans $10,628,970 $2,059,059,505
Amount of raised Inactive loans $0 $362,550
Number of raised Inactive loans 0 469
Amount of Paying Back Loans $314,345 $150,967,620
Number of Paying Back Loans 278 177,808
Amount of Ended Loans $10,314,625 $1,862,435,230
Number of Ended Loans 12,531 2,515,695
Delinquency Rate 1.63% 11.76%
Amount in Arrears $1,396 $10,685,247
Outstanding Portfolio $86,105 $90,896,037
Number of Loans Delinquent 19 35,448
Default Rate 0.25% 1.83%
Amount of Ended Loans Defaulted $26,126 $34,067,127
Number of Ended Loans Defaulted 66 91,292
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,852,894
Refund Rate 0.08% 0.55%
Amount of Refunded Loans $8,150 $11,262,720
Number of Refunded Loans 10 9,867

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 69.30% 78.51%
Average Loan Size $823 $393
Average Individual Loan Size $828 $585
Average Group Loan Size $1,623 $1,913
Average number of borrowers per group 4.5 8.3
Average GDP per capita (PPP) in local country $6,800 $5,592
Average Loan Size / GDP per capita (PPP) 12.10% 7.03%
Average Time to Fund a Loan 13.8 days 9.14 days
Average Dollars Raised Per Day Per Loan $59.63 $43.02
  Average Loan Term 13.56 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4,108 1,225,922
  Journaling Rate 28.39% 41.88%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% PY 35.00% PY 27.12% PY
  Profitability (return on assets) 6.09% 2.4% -1.71%
  Average Loan Size (% of per capita income) N/A 12.00% 0.00%

Country Fast Facts

Lending Partner Staff

Gelnoris Da Silva
Rui Oliveira
Kamran Saeed
Jonio Soares