Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description: 

Kingsbridge Microfinance is a licensed, non-bank financial institution that can take deposits and is regulated by the Bank of Ghana.  It was established in 2008 under the name Kingsbridge Corporate services with the mission of offering microfinance products.  As a result of changes in the regulatory framework in Ghana, the company changed its name to Kingsbridge Microfinance ltd, a limited liability company incorporated in 2011. The company was issued a deposit-taking license by the Bank of Ghana in 2013. 

A unique lending approach:

Few financial institutions in Ghana offer student loans, which is why Kingsbridge aims to assist low-income students attending accredited tertiary education institutions (university, vocational school) in Accra, Ghana, with their tuition and living expenses. 

Kingsbridge offers education loans to students who have some source of income and are able to pay the loan installments on an ongoing basis, as well as those with no income currently but who can repay the loan once they complete their education and secure employment. 

Kingsbridge also offer business loans to budding entrepreneurs in Ghana.

In addition to offering loans, Kingsbridge clients are also required to open savings accounts that will help them prepare for future expenditures, and ensure they are able to make loan payments on time.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 5, 2014 Oct 12, 2005
Total Loans $176,950 $994,392,850
Amount of raised Inactive loans $1,100 $260,175
Number of raised Inactive loans 1 305
Amount of Paying Back Loans $138,625 $154,159,625
Number of Paying Back Loans 118 196,300
Amount of Ended Loans $37,225 $839,973,050
Number of Ended Loans 41 1,055,657
Delinquency Rate 11.09% 8.64%
Amount in Arrears $10,320 $8,858,527
Outstanding Portfolio $93,025 $102,532,254
Number of Loans Delinquent 35 30,799
Default Rate 0.00% 1.42%
Amount of Ended Loans Defaulted $0 $11,907,245
Number of Ended Loans Defaulted 0 34,289
Currency Exchange Loss Rate 2.57% 0.45%
Amount of Currency Exchange Loss $4,554 $4,517,253
Refund Rate 3.72% 0.60%
Amount of Refunded Loans $6,575 $5,985,075
Number of Refunded Loans 1 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.10% 75.51%
Average Loan Size $1,049 $398
Average Individual Loan Size $1,099 $627
Average Group Loan Size $2,036 $1,756
Average number of borrowers per group 3 7.7
Average GDP per capita (PPP) in local country $3,500 $5,870
Average Loan Size / GDP per capita (PPP) 29.96% 6.78%
Average Time to Fund a Loan 5.9 days 6.92 days
Average Dollars Raised Per Day Per Loan $177.64 $57.53
  Average Loan Term 25.45 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 20 519,970
  Journaling Rate 28.80% 41.10%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% PY 53.00% PY 26.33% PY
  Profitability (return on assets) -1.5% 0.3% -1.08%
  Average Loan Size (% of per capita income) N/A 13.00% 16.31%

Country Fast Facts

Field Partner Staff

Ivy Hyde-Attram