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 $2,047,627,740
Amount of raised Inactive loans $0 $324,550
Number of raised Inactive loans 0 187
Amount of Paying Back Loans $132,600 $154,885,235
Number of Paying Back Loans 199 186,826
Amount of Ended Loans $513,225 $1,851,531,775
Number of Ended Loans 836 2,491,990
Delinquency Rate 60.07% 12.00%
Amount in Arrears $28,524 $11,217,121
Outstanding Portfolio $47,454 $93,462,698
Number of Loans Delinquent 148 54,050
Default Rate 0.27% 1.82%
Amount of Ended Loans Defaulted $1,409 $33,752,545
Number of Ended Loans Defaulted 1 89,005
Currency Exchange Loss Rate 0.01% 0.47%
Amount of Currency Exchange Loss $59 $12,729,635
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% 7.03%
Average Time to Fund a Loan 0.48 days 9.12 days
Average Dollars Raised Per Day Per Loan $1,170.75 $43.08
  Average Loan Term 9.64 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 2 1,221,287
  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% -1.32%
  Average Loan Size (% of per capita income) N/A 327.00% 0.00%

Country Fast Facts

Lending Partner Staff

Paula Gila
Prabhash Ranjan
Melisha Sindiwan
Solange Tabokom
Solange Tabokom
Anna Tarum
Emmah Ulaban
Rose Walaget