Partner description:

Founded in April 2014, Moringa School enables young people who are passionate about technology to become top mobile and web developers in Nairobi's fast-growing tech scene. Moringa School’s skills training is conducted through an immersive and intensive 16-week program, followed by placement into high-value employment. 

In Kenya, access to quality higher education and especially education in technology, is severely lacking. Yet, Nairobi has become the African hub for innovation, with jobs being filled largely by international workers. Because of these two factors, the unemployment rate remains high for Kenyan graduates.  

Moringa School gives young Kenyans and other young people from across the region a chance to tap into the booming technology market and gain valuable coding skills. Graduates have a 100% job placement rate and an average 350% salary increase over their previous employment.

 

Unique lending approach
Moringa School is a world-class coding accelerator with an education to employment model and a 95% job placement rate. Loans funded on Kiva will help students complete Moringa School's 5-week Moringa Prep and 19-week Moringa Core coding programs, positioning them to access well-paid technology jobs. Through highly trained teachers and a curated curriculum, Kiva loans through Moringa aim to help create the next generation of world-class developers in Africa. Moringa works with over 40 technology companies as hiring partners.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2015 Oct 12, 2005
Total Loans $49,550 $975,810,275
Amount of raised Inactive loans $0 $371,525
Number of raised Inactive loans 0 200
Amount of Paying Back Loans $49,550 $148,104,675
Number of Paying Back Loans 24 185,027
Amount of Ended Loans $0 $827,334,075
Number of Ended Loans 0 1,040,066
Delinquency Rate 36.13% 8.11%
Amount in Arrears $15,577 $7,851,124
Outstanding Portfolio $43,112 $96,754,167
Number of Loans Delinquent 19 19,647
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,921
Number of Ended Loans Defaulted 0 33,035
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,428,501
Refund Rate 60.24% 0.61%
Amount of Refunded Loans $29,850 $5,970,900
Number of Refunded Loans 14 5,987

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 13.16% 75.40%
Average Loan Size $2,089 $399
Average Individual Loan Size $2,089 $629
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,874
Average Loan Size / GDP per capita (PPP) 116.08% 6.79%
Average Time to Fund a Loan 10.5 days 6.9 days
Average Dollars Raised Per Day Per Loan $199.01 $57.76
  Average Loan Term 24.63 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 20 509,580
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 36.00% PY 26.13% PY
  Profitability (return on assets) N/A 0.5% -1.72%
  Average Loan Size (% of per capita income) N/A 56.00% 16.60%

Country Fast Facts

Field Partner Staff

Audrey Cheng
Fiona Kirui
Paul Ooko