Update: December 14, 2010

Since mid-October, Youth Self Employment Foundation (YOSEFO) has brought down its amount in arrears on Kiva from $26,531.68 past due to $3,417. As a result, its delinquency rate as expressed on the Kiva website is currently 17.93%.

Kiva will continue to work closely with YOSEFO to get outstanding repayments cleared and repaid to Kiva lenders. We will keep this page updated in the coming months as new information becomes available.

Update: October 23, 2010

YOSEFO has been significantly delayed in paying funds due to Kiva lenders. As a result, on October 1, 2010, YOSEFO's delinquency rate increased to 49.97%, and as of October 15, 2010, YOSEFO is now $26,531.68 past due.

Kiva's portfolio staff will continue to follow up with YOSEFO about the expected past due payment. In addition, Kiva's staff is currently reviewing the results of a recent borrower verification exercise at the institution. Borrower verification entails interviewing a random sample of 10 Kiva borrowers from the same field partner to help ensure the information on the ground matches the information on Kiva’s website. To accomplish this, Kiva verifies the identity of the borrower, the disbursement date, the loan amount, the loan term, the loan usage and the repayment information.

We will keep this page updated in the coming months as new information becomes available about wires received and/or the outcome of the borrower verification.

Update: August 30, 2010

YOSEFO's wire has been received and funds have been applied to lender accounts.

Update: August 23, 2010

YOSEFO's delinquency rate increased to 46.83% on August 1st, 2010. Since that date, YOSEFO has been delinquent in remitting funds to Kiva.

Portfolio staff are continuing to follow up with YOSEFO, and hope to receive the expected payment soon. Once this payment has been received and distributed to Kiva lenders, YOSEFO's delinquency rate should fall to a rate that reflects the amount that borrowers have yet to repay.

Update: May 20, 2010

YOSEFO has made their due payment and has been unpaused accordingly.

Update: May 19, 2010

YOSEFO has been paused due to late payment

Update: February 18, 2010 YOSEFO has been unpaused as payment has been received.

Update: February 5, 2010

YOSEFO has been paused due to late payment.


Youth Self Employment Foundation (YOSEFO) is a Non Governmental Organization (NGO) registered in Tanzania under Societies Orginance, 1954. As of December 31, 2005, YOSEFO had 3,695 customers, and 67% of them women. YOSEFO uses solidarity methodology to deliver it's Financial Services, and also provides business skills training, technical skills training, and HIV/AIDS awareness.

YOSEFO can be contacted via email at altemiusm@yahoo.com or cemide@uccmail.co.tz


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2006 Oct 12, 2005
Total Loans $704,825 $574,164,250
Amount of raised Inactive loans $0 $328,775
Number of raised Inactive loans 0 321
Amount of Paying Back Loans $0 $118,298,925
Number of Paying Back Loans 0 124,025
Amount of Ended Loans $704,825 $455,536,550
Number of Ended Loans 971 580,527
Delinquency Rate 0.00% 3.49%
Amount in Arrears $0 $2,706,475
Outstanding Portfolio $0 $77,516,810
Number of loanDelinquent 0 11,420
Default Rate 0.01% 1.08%
Amount of Ended Loans Defaulted $69 $4,934,954
Amount of Ended Loans $704,825 $455,536,550
Number of Ended Loans Defaulted 2 15,257
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 3.60% 0.78%
Amount of Refunded Loans $25,400 $4,479,350
Number of Refunded Loans 24 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 67.00% 74.23%
Average Loan Size $654 $419
Average Individual Loan Size $699 $657
Average Group Loan Size $1,732 $1,824
Average number of borrowers per group 4.6 8
Average GDP per capita (PPP) in local country $1,700 $3,442
Average Loan Size / GDP per capita (PPP) 38.46% 12.16%
Average Time to Fund a Loan 2.6 days 5.51 days
Average Dollars Raised Per Day Per Loan $251.54 $75.96
  Average Loan Term 8.81 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 142 286,161
  Journaling Rate 12.46% 42.42%
  Average Number of Comments Per Journal 0.76 0.08
  Average Number of Recommendations Per Journal 3.19 1.94

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 21.00% 33.61%
  Profitability (return on assets) N/A 0.2% -1.19%
  Average Loan Size (% of per capita income) N/A 134.00% 41.84%

Country Fast Facts

Field Partner Staff

Rodney Chubwa
Fidelis Chuhila
fidelis chuhila
Bosco Haule
Charles Komba
Innocensia Kopoka
Ndeu Maboja
Altemius Millinga
SIMPERT NDUNGURU
Happy Sambega
George Sebunya
Spencer Sherman