DAN Foundation has funded 1 microloan
• One borrower is a new borrower; however the defaulted rate is less 0.1% which is less risk to DANF's lending capital.
• One borrower is originated from ID Ghana, strategic field partner with Kiva, who works to expand access to the nearly 70% of Ghana’s population in urban deprived communities in Accra that lives without financial services, while also providing complementary social services to the urban communities that need them most. This partnership is also helping Kiva to expand its presence in the country, and to support a microfinance institution that prioritizes impactful social work. DANF strongly believes their facts are correct and accurate as presented.
• One selected project has “no string attach”. DANF has no prior information or relationship with these borrowers. Our decisions are solely based on their presented facts on Kiva's website. DANF is solely responsible for these defaulted loans if it occurs.
• One projects is reviewed and presented on Kiva who is DANF strategic partner
• DANF lend USD 300 to one project in May 2017. Once USD 300 repay in full, DANF will donate this total repayment to Kiva organization, World Vision or Plan International.
Please note all your contributions to DANF's operating expenses is tax deductible. DANF is now fully IRS exemption.
Please review the borrower’ stories below. If you are compelled wanting to support our DANF’s mission, please volunteer and donate to us.
1CCWM – 1 Project At a Time!
A Loan Of $2,150 Helps A Member To Buy More Yams For Distribution In Order To Meet Customer Demand
- Total loan: $2,150
- Powered by 24 lenders
- Alive For Hope Group
- Ghana Chorkor, Ghana / Food Market
- Loan length: 10 months
- Repayment schedule: Monthly
- Disbursed date: April 4, 2017
- Is borrower paying interest? Yes
- Field Partner risk rating: 3.5 out of 4 (4 is the lowest risk)
Kiva’s Link: https://www.kiva.org/lend/1278863
This is the Group called "Alive For God", represented by Juliana who is 45 years old. The group consist of five strong hardworking members who are very much dedicated to their field of work for improving their standard of living. Juliana sells food, mainly yams, and has been running this business for the past 30 years. With the loan, she would like to buy more yams for distribution in order to meet customer demand. With the profits from the business, she would like to buy food for the whole family, and invest in her children's education.
This loan is special because:
It helps borrowers access funding with flexible terms.
More about this loan
About ID Ghana:
ID Ghana is a microfinance NGO that provides financial and social services to underserved urban communities in Accra. ID Ghana’s socially-oriented business model provides clients with a number of social services, including financial literacy training, group discussions led by peer educators on health and nutrition education, child schooling, basic medical services, and counseling and legal services for women victims of violence.
Field Partner: ID Ghana
Why Kiva works with this partner:
ID Ghana works to expand access to the nearly 70% of Ghana’s population in urban deprived communities in Accra that lives without financial services, while also providing complementary social services to the urban communities that need them most. This partnership is also helping Kiva to expand its presence in the country, and to support a microfinance institution that prioritizes impactful social work.
- Time on Kiva: 60 months
- Kiva borrowers: 10187
- Total loans: $3,260,700
- Average cost to borrower: 67% PY
- Profitability (return on assets): 8.2%
- Average loan size (% of per capita income):11.00%
- Delinquency rate: 0.04%
- Loans at risk rate: 0.04%
- Default rate: 0.07%
- Currency exchange loss rate: 2.20%