Providing Opportunity
What we do
At KTC, we believe that everyone deserves a latter of opportunity. In order to ensure that, we've created a system of loan structuring for members living in Third World nations. Each application is vetted and, if approved, a small, low interest loan is distributed. The average microfinance annual interest rate for Central America is 29%*. KTC's annual intrest rate range is between 3-5%.
Our interest rates are much lower than the average and our default rate is lower than the average. While our loans can be riskier, our goal is targeting the most impoverished communities, in order to foster a better relationship and further development with the community.
*Source: https://lab.org.uk/an-overview-of-microfinance-in-latin-america/
KTC By THE NUMBERS
Loan Distribution by Borrower
Loan Distribution by Number of People in Household
Cumulative Number of Borrowers Over Time
Detailed above is the loan distribution for each borrower in Nicaragua. The average loan default rate in Central America is 5%, we are operating at 2.4%.
https://lab.org.uk/an-overview-of-microfinance-in-latin-america/
Cumulative Number of Borrowers Over Time
Loan Distribution by Number of People in Household
Cumulative Number of Borrowers Over Time
Detailed above is Cumulative Number of Borrowers over time. Note that this graph includes both open and closed loans. Open loans are defined as any loans outstanding or in the process of disbursement.
Loan Distribution by Number of People in Household
Loan Distribution by Number of People in Household
Loan Distribution by Number of People in Household
Above is the loan distribution by number of people per household. A large majority of our loans are distributed to people with more than 1 person in their household.