Entrepreneurs du Monde - Sont Oo Tehtwin
Approved to post Kiva loans from: Myanmar (Burma)
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 - 26 July 2019:
Entrepreneurs du Monde - Sont Oo Tehtwin has repaid its outstanding balance to Kiva and these funds have been distributed to lenders. If and when this partner requests to fundraise again on Kiva, we will first conduct any additional monitoring and due diligence tasks we believe are necessary. We thank Entrepreneurs du Monde - Sont Oo Tehtwin for their partnership and wish them success in their future endeavors.
Status Update - 16 October 2018:
Entrepreneurs du Monde - Sont Oo Tehtwin is currently in the process of re-evaluating its Kiva strategy so we have changed their status to inactive, which means Entrepreneurs du Monde - Sont Oo Tehtwin is no longer posting loans. Kiva fully expects the partner to continue sending repayments owed to Kiva lenders for as long as they have an outstanding balance.
Partner description:
Entrepreneurs du Monde is an international NGO that runs a social microfinance program in Myanmar known locally as Sont Oo Tehtwin, which means entrepreneur.
Sont Oo Tehtwin works primarily with women microentrepreneurs, and provides underserved communities in urban and rural parts of southern Yangon with much-needed financial services. The program provides saving accounts, and budget and management training sessions, with their loans.
A unique lending approach:
Sont Oo Tehtwin provides loans to groups of borrowers, free of collateral or joint liability requirements. Funds raised on Kiva support agriculture loans to rice farmers as well as loans to micro-entrepreneurs running their own businesses. In addition to financing, this partner offers socio-economic services to help borrowers develop their income-generating activities and make sustainable improvements to their living conditions.
Status Update - 26 July 2019:
Entrepreneurs du Monde - Sont Oo Tehtwin has repaid its outstanding balance to Kiva and these funds have been distributed to lenders. If and when this partner requests to fundraise again on Kiva, we will first conduct any additional monitoring and due diligence tasks we believe are necessary. We thank Entrepreneurs du Monde - Sont Oo Tehtwin for their partnership and wish them success in their future endeavors.
Status Update - 16 October 2018:
Entrepreneurs du Monde - Sont Oo Tehtwin is currently in the process of re-evaluating its Kiva strategy so we have changed their status to inactive, which means Entrepreneurs du Monde - Sont Oo Tehtwin is no longer posting loans. Kiva fully expects the partner to continue sending repayments owed to Kiva lenders for as long as they have an outstanding balance.
Partner description:
Entrepreneurs du Monde is an international NGO that runs a social microfinance program in Myanmar known locally as Sont Oo Tehtwin, which means entrepreneur.
Sont Oo Tehtwin works primarily with women microentrepreneurs, and provides underserved communities in urban and rural parts of southern Yangon with much-needed financial services. The program provides saving accounts, and budget and management training sessions, with their loans.
A unique lending approach:
Sont Oo Tehtwin provides loans to groups of borrowers, free of collateral or joint liability requirements. Funds raised on Kiva support agriculture loans to rice farmers as well as loans to micro-entrepreneurs running their own businesses. In addition to financing, this partner offers socio-economic services to help borrowers develop their income-generating activities and make sustainable improvements to their living conditions.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | May 27, 2016 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $427,800 | $2,058,116,205 | |
| Amount of raised Inactive loans | $0 | $343,075 | |
| Number of raised Inactive loans | 0 | 403 | |
| Amount of Paying Back Loans | $0 | $154,458,475 | |
| Number of Paying Back Loans | 0 | 183,202 | |
| Amount of Ended Loans | $427,800 | $1,859,278,730 | |
| Number of Ended Loans | 365 | 2,508,567 | |
| Delinquency Rate | 0.00% | 12.23% | |
| Amount in Arrears | $0 | $11,508,745 | |
| Outstanding Portfolio | $0 | $94,067,001 | |
| Number of Loans Delinquent | 0 | 55,903 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $34,071,121 | |
| Number of Ended Loans Defaulted | 0 | 91,299 | |
| Currency Exchange Loss Rate | 1.82% | 0.47% | |
| Amount of Currency Exchange Loss | $7,772 | $12,843,511 | |
| Refund Rate | 0.00% | 0.55% | |
| Amount of Refunded Loans | $0 | $11,262,720 | |
| Number of Refunded Loans | 0 | 9,867 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 73.62% | 78.51% | |
|---|---|---|---|
| Average Loan Size | $273 | $393 | |
| Average Individual Loan Size | $0 | $585 | |
| Average Group Loan Size | $1,172 | $1,913 | |
| Average number of borrowers per group | 4.3 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,700 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 16.07% | 7.03% | |
| Average Time to Fund a Loan | 11.74 days | 9.14 days | |
| Average Dollars Raised Per Day Per Loan | $23.27 | $43.02 | |
| Average Loan Term | 10.52 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 30 | 1,225,922 | |
|---|---|---|---|
| Journaling Rate | 7.95% | 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 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 30% APR | N/A | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 3.8% | N/A | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Myanmar (Burma)
- Capital:
- Yangon
- Official Language:
- Burmese
- Population:
- 55,746,253
- Avg Annual Income:
- $1,700
- Labor Force:
- agriculture: 70%, industry: 7%, services: 23%
- Population Below Poverty Line:
- 32.70%
- Literacy Rate:
- 92.70%
- Infant Mortality Rate (per 1000):
- 44.91 deaths
- Life Expectancy:
- 65.94 years