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 $2,087,856,245
Amount of raised Inactive loans $0 $380,350
Number of raised Inactive loans 0 247
Amount of Paying Back Loans $185,350 $153,443,670
Number of Paying Back Loans 149 185,223
Amount of Ended Loans $10,443,620 $1,885,821,820
Number of Ended Loans 12,660 2,547,050
Delinquency Rate 0.00% 13.68%
Amount in Arrears $0 $12,755,589
Outstanding Portfolio $40,548 $93,228,495
Number of Loans Delinquent 0 79,167
Default Rate 0.25% 1.83%
Amount of Ended Loans Defaulted $26,126 $34,451,404
Number of Ended Loans Defaulted 66 91,720
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $13,160,969
Refund Rate 0.08% 0.54%
Amount of Refunded Loans $8,150 $11,312,085
Number of Refunded Loans 10 9,892

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 69.30% 78.58%
Average Loan Size $823 $394
Average Individual Loan Size $828 $584
Average Group Loan Size $1,623 $1,917
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% 7.04%
Average Time to Fund a Loan 13.8 days 9.17 days
Average Dollars Raised Per Day Per Loan $59.63 $42.93
  Average Loan Term 13.56 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4,108 1,242,609
  Journaling Rate 28.22% 41.86%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.54

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 27.70% PY
  Profitability (return on assets) 6.09% 2.4% -2.47%
  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