Kaebauk
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 | $2,059,747,905 | |
Amount of raised Inactive loans | $0 | $315,425 | |
Number of raised Inactive loans | 0 | 367 | |
Amount of Paying Back Loans | $314,345 | $151,590,125 | |
Number of Paying Back Loans | 278 | 179,148 | |
Amount of Ended Loans | $10,314,625 | $1,862,548,250 | |
Number of Ended Loans | 12,531 | 2,515,843 | |
Delinquency Rate | 1.63% | 11.65% | |
Amount in Arrears | $1,396 | $10,665,177 | |
Outstanding Portfolio | $86,105 | $91,519,984 | |
Number of Loans Delinquent | 19 | 35,255 | |
Default Rate | 0.25% | 1.83% | |
Amount of Ended Loans Defaulted | $26,126 | $34,066,956 | |
Number of Ended Loans Defaulted | 66 | 91,292 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,915,654 | |
Refund Rate | 0.08% | 0.55% | |
Amount of Refunded Loans | $8,150 | $11,263,070 | |
Number of Refunded Loans | 10 | 9,868 |
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 | 9.13 days | |
Average Dollars Raised Per Day Per Loan | $59.63 | $43.03 | |
Average Loan Term | 13.56 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 4,108 | 1,228,233 | |
---|---|---|---|
Journaling Rate | 28.39% | 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 | 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
- Country:
- Timor-Leste
- Capital:
- Dili
- Official Language:
- Tetum (official), Portuguese (official), Indonesian, English
- Population:
- 1,201,542
- Avg Annual Income:
- $6,800
- Labor Force:
- agriculture: 64%, industry: 10%, services: 26%
- Population Below Poverty Line:
- 49.90%
- Literacy Rate:
- 67.50%
- Infant Mortality Rate (per 1000):
- 38.79 deaths
- Life Expectancy:
- 66.49 years
Lending Partner Staff
Gelnoris Da SilvaRui Oliveira
Kamran Saeed
Jonio Soares