Aflore
Approved to post Kiva loans from: Colombia
Aflore is a microfinance institution that combines tech and data with the trust in existing personal relationships to bring financial services to the middle class in Colombia
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Apr 4, 2022 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $83,150 | $2,060,115,930 | |
| Amount of raised Inactive loans | $0 | $299,975 | |
| Number of raised Inactive loans | 0 | 329 | |
| Amount of Paying Back Loans | $64,790 | $151,125,520 | |
| Number of Paying Back Loans | 107 | 178,826 | |
| Amount of Ended Loans | $18,360 | $1,863,396,330 | |
| Number of Ended Loans | 36 | 2,516,664 | |
| Delinquency Rate | 85.86% | 11.66% | |
| Amount in Arrears | $37,964 | $10,619,673 | |
| Outstanding Portfolio | $38,966 | $91,107,381 | |
| Number of Loans Delinquent | 107 | 34,759 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $34,066,795 | |
| Number of Ended Loans Defaulted | 0 | 91,292 | |
| Currency Exchange Loss Rate | 2.92% | 0.47% | |
| Amount of Currency Exchange Loss | $3,203 | $12,915,654 | |
| Refund Rate | 0.00% | 0.55% | |
| Amount of Refunded Loans | $0 | $11,263,070 | |
| Number of Refunded Loans | 0 | 9,868 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 50.00% | 78.51% | |
|---|---|---|---|
| Average Loan Size | $581 | $393 | |
| Average Individual Loan Size | $581 | $585 | |
| Average Group Loan Size | $0 | $1,913 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $11,100 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 5.24% | 7.03% | |
| Average Time to Fund a Loan | 16.73 days | 9.13 days | |
| Average Dollars Raised Per Day Per Loan | $34.75 | $43.03 | |
| Average Loan Term | 20.05 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 12 | 1,228,233 | |
|---|---|---|---|
| Journaling Rate | 9.45% | 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 2009 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | 32.00% PY | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -55.22% | 5.1% | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | 23.00% | 0.00% |
Country Fast Facts
- Country:
- Colombia
- Capital:
- Bogota
- Official Language:
- Spanish
- Population:
- 46,245,297
- Avg Annual Income:
- $11,100
- Labor Force:
- agriculture: 17%, industry: 21%, services: 62%
- Population Below Poverty Line:
- 32.70%
- Literacy Rate:
- 93.60%
- Infant Mortality Rate (per 1000):
- 15.02 deaths
- Life Expectancy:
- 75.25 years
Lending Partner Staff
Ana BarreraJulian Gil
Jhon Ochoa
Catalina Panesso