Yunus Social Business (YSB)
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- March 9, 2021
Kiva has moved this Lending Partner to inactive status, which means Yunus Social Business is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders for as long as the partner has an outstanding balance. Yunus Social Business hasn't posted a new loan in over 3 years. 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:
Co-founded by Nobel Prize laureate Muhammad Yunus, Yunus Social Business (YSB) is the international implementation arm for social business, headquartered in Frankfurt, Germany. YSB's main activity involves setting up Social Business Incubator Funds in developing countries to kickstart social business entrepreneurship.
An Incubator Fund consists of an incubator, which searches for social business entrepreneurs, trains them, helps them improve their business plans, and provides post-investment support; and a fund, which provides debt and equity financing to these social businesses. YSB currently operates in Haiti, Albania, Tunisia, Uganda, Colombia, Brazil, and India.
YSB’s major goals are to:
1) Create livelihoods and employment opportunities in vulnerable and underserved communities by supporting market-orientated and self-sustainable social businesses that are designed to address a pressing social need.
2) Provide financing and incubation services to social businesses through the Social Business Incubator Funds model.
3) Address pressing social, economic and environmental problems faced by the community by providing a means for the local people to help themselves.
A Social Business is a company created for social benefit rather than private profit. Like an NGO, it has a social or environmental mission, but like a business, it generates its own revenues to cover its costs. Investors may recoup their initial investment, but all further profits are reinvested for growth and innovation, or to seed new social business ventures. After creating more than 40 successful social businesses in Bangladesh, Professor Yunus set up YSB in order to introduce the concept of social business around the world.
Together, Kiva and YSB will focus on providing loans for social businesses. Businesses that help provide employment opportunities to young people, encourage entrepreneurship, empower women, and stimulate economic activity outside of urban areas are prioritized.
YSB is raising funds for its social businesses on Kiva. Because large amounts of credit are required, some social business loans will be raised only partially on Kiva, with the rest of the money coming from other investors in YSB.
Support YSB and its borrowers by joining the YSB lending team today!
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Aug 16, 2013 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $313,900 | $2,061,427,940 | |
Amount of raised Inactive loans | $0 | $389,200 | |
Number of raised Inactive loans | 0 | 318 | |
Amount of Paying Back Loans | $100,000 | $151,289,490 | |
Number of Paying Back Loans | 1 | 180,128 | |
Amount of Ended Loans | $213,900 | $1,864,455,145 | |
Number of Ended Loans | 6 | 2,517,146 | |
Delinquency Rate | 100.00% | 11.61% | |
Amount in Arrears | $57,606 | $10,584,537 | |
Outstanding Portfolio | $57,606 | $91,136,425 | |
Number of Loans Delinquent | 1 | 34,410 | |
Default Rate | 60.14% | 1.83% | |
Amount of Ended Loans Defaulted | $128,639 | $34,072,925 | |
Number of Ended Loans Defaulted | 4 | 91,307 | |
Currency Exchange Loss Rate | 0.20% | 0.47% | |
Amount of Currency Exchange Loss | $618 | $12,915,654 | |
Refund Rate | 12.74% | 0.55% | |
Amount of Refunded Loans | $40,000 | $11,263,070 | |
Number of Refunded Loans | 1 | 9,868 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 50.00% | 78.52% | |
---|---|---|---|
Average Loan Size | $44,238 | $393 | |
Average Individual Loan Size | $44,238 | $585 | |
Average Group Loan Size | $0 | $1,914 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,300 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 3,402.88% | 7.03% | |
Average Time to Fund a Loan | 11.43 days | 9.14 days | |
Average Dollars Raised Per Day Per Loan | $3,870.12 | $43.02 | |
Average Loan Term | 75.38 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 25 | 1,228,670 | |
---|---|---|---|
Journaling Rate | 100.00% | 41.93% | |
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 | 14% APR | N/A | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | N/A | N/A | -1.71% | |
Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Haiti
- Capital:
- Port-au-Prince
- Official Language:
- French (official), Creole (official)
- Population:
- 9,996,731
- Avg Annual Income:
- $1,300
- Labor Force:
- agriculture: 38.1%, industry: 11.5%, services: 50.4%
- Population Below Poverty Line:
- 80.00%
- Literacy Rate:
- 48.70%
- Infant Mortality Rate (per 1000):
- 49.43 deaths
- Life Expectancy:
- 63.18 years