Status update — September 4, 2018

Ab Ovo has failed to meet its payment obligations to Kiva lenders since January 2018 and the entire loan amount of $25,000 is now delinquent.

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There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jun 19, 2017 Oct 12, 2005
Total Loans $25,000 $2,065,905,095
Amount of raised Inactive loans $0 $270,775
Number of raised Inactive loans 0 259
Amount of Paying Back Loans $0 $155,229,185
Number of Paying Back Loans 0 186,027
Amount of Ended Loans $25,000 $1,865,111,030
Number of Ended Loans 1 2,517,565
Delinquency Rate 0.00% 13.16%
Amount in Arrears $0 $12,547,236
Outstanding Portfolio $0 $95,340,745
Number of Loans Delinquent 0 65,538
Default Rate 96.10% 1.83%
Amount of Ended Loans Defaulted $24,025 $34,083,896
Number of Ended Loans Defaulted 1 91,330
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,915,654
Refund Rate 0.00% 0.55%
Amount of Refunded Loans $0 $11,266,070
Number of Refunded Loans 0 9,869

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.52%
Average Loan Size $25,000 $393
Average Individual Loan Size $25,000 $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 $3,500 $5,594
Average Loan Size / GDP per capita (PPP) 714.29% 7.03%
Average Time to Fund a Loan 2.33 days 9.15 days
Average Dollars Raised Per Day Per Loan $10,712.27 $42.99
  Average Loan Term 13 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 7 1,229,912
  Journaling Rate 100.00% 41.92%
  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 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 53.00% PY 27.12% PY
  Profitability (return on assets) N/A 0.3% -1.71%
  Average Loan Size (% of per capita income) N/A 13.00% 0.00%

Country Fast Facts

Country:
Ghana
Capital:
Accra
Official Language:
Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%
Population:
25,758,108
Avg Annual Income:
$3,500
Labor Force:
agriculture: 56%, industry: 15%, services: 29%
Population Below Poverty Line:
28.50%
Literacy Rate:
71.50%
Infant Mortality Rate (per 1000):
38.52 deaths
Life Expectancy:
65.75 years

Lending Partner Staff