Women's Micro Bank (WMB)
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 Women's Micro Bank 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. 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:
Women’s Micro Bank is a microfinance institution in Papua New Guinea, and the only one in the country with an explicit focus on women. Women’s Micro Bank is committed to investing in low-income rural women, and assists women to become self-reliant, entrepreneurs and equal participants in the development and prosperity of the country. Through their mission, the organization hopes to improve the lives of women in Papua New Guinea.
A unique lending approach:
Kiva financing will go towards Women’s Micro Bank’s efforts to sustainably support the expansion of its loan portfolio. The organization is creating 2 types of loans: general loans and agricultural loans. General loans will support a broad set of informal business activities while agricultural loans will go towards women engaged in farming.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Nov 13, 2018 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $645,825 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $132,600 | $154,628,025 | |
Number of Paying Back Loans | 199 | 186,271 | |
Amount of Ended Loans | $513,225 | $1,851,013,910 | |
Number of Ended Loans | 836 | 2,491,542 | |
Delinquency Rate | 60.07% | 12.11% | |
Amount in Arrears | $28,524 | $11,277,316 | |
Outstanding Portfolio | $47,454 | $93,149,537 | |
Number of Loans Delinquent | 148 | 54,545 | |
Default Rate | 0.27% | 1.82% | |
Amount of Ended Loans Defaulted | $1,409 | $33,742,451 | |
Number of Ended Loans Defaulted | 1 | 88,997 | |
Currency Exchange Loss Rate | 0.01% | 0.47% | |
Amount of Currency Exchange Loss | $59 | $12,725,634 | |
Refund Rate | 0.41% | 0.53% | |
Amount of Refunded Loans | $2,675 | $10,938,345 | |
Number of Refunded Loans | 3 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 99.90% | 78.48% | |
---|---|---|---|
Average Loan Size | $558 | $393 | |
Average Individual Loan Size | $602 | $586 | |
Average Group Loan Size | $1,990 | $1,910 | |
Average number of borrowers per group | 8.4 | 8.3 | |
Average GDP per capita (PPP) in local country | $2,400 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 23.23% | 7.02% | |
Average Time to Fund a Loan | 0.48 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $1,170.75 | $43.09 | |
Average Loan Term | 9.64 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 2 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 0.21% | 41.91% | |
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 | 78% PY | 32.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 7.78% | 1.5% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 327.00% | 0.00% |
Country Fast Facts
- Country:
- Papua New Guinea
- Capital:
- Port Moresby
- Official Language:
- Tok Pisin (official), English (official), Hiri Motu (official), some 836 indigenous languages spoken
- Population:
- 6,552,730
- Avg Annual Income:
- $2,400
- Labor Force:
- agriculture: 85%, industry: NA%, services: NA%
- Population Below Poverty Line:
- 39.90%
- Literacy Rate:
- 64.20%
- Infant Mortality Rate (per 1000):
- 39.67 deaths
- Life Expectancy:
- 72.11 years
Lending Partner Staff
Paula GilaPrabhash Ranjan
Melisha Sindiwan
Solange Tabokom
Solange Tabokom
Anna Tarum
Emmah Ulaban
Rose Walaget