Status Update - July 3, 2014

South Sudan continues to experience conflict and political instability. Finance South Sudan Limited is not currently disbursing loans, or raising funds on the Kiva platform. Kiva is in touch with the management team and working to determine a feasible repayment schedule. We will provide updates as they're available. 

Status Update - January 17, 2014

South Sudan experienced violence and political instability in December 2013. The senior management team for Finance South Sudan Limited left the country and it is still uncertain when conditions will be stable enough to allow them to return. Finance South Sudan Limited is now operating in a very limited capacity and lenders may notice an increase in delinquency until the situation improves.

Status Update - October 23, 2012

Due to the rapid devaluation of the Sudanese Pound, the system Kiva used to calculate delinquency did not fully represent this partner's delinquency rate. This system has now been changed and accurately reflects Finance Sudan Limited’s delinquency rate on Kiva at 2.47%.

Partner Description:

Finance Sudan Limited is a microfinance institution operating in South Sudan. Established in 2006 by the American Refugee Committee, it was incorporated in 2009 after Micro Africa Ltd. -- another Kenyan MFI -- decided to partner with ARC to provide microfinance services to the people of South Sudan. To keep the company growing sustainably, ARC sold off its stake in 2011, paving the way for the creation of Finance Sudan Limited as an independent entity.

The mission of Finance Sudan Limited is to contribute to the economic rebuilding and stabilization of South Sudan by providing quality financial services to low-income borrowers through sustainable microfinance with a national scope. The targeted group is comprised of small-scale traders, produce dealers and salaried workers.

Finance Sudan Limited currently has 7 branches (Corporate, Munuki, Wau, Malakal, Yambio, Yei and Nimule), which are spread throughout 5 states (Central Equatorial, Eastern Equatorial, Western Equatorial, Western Bahr el Ghazel and Upper Nile) out of the country’s 10 states.

The institution primarily offers three loan products:

- Group loans (FSSL Group Loan & Nuswan/Women Development Loans) that are administered through the group guarantee system.

- SME loans offered to small and medium-scale businesses with formal collateral.

- Salary loans offered to employees at reputable organizations operating in South Sudan.

Finance Sudan Limited intends to become a formal deposit-taking institution and begin offering both savings and money transfer services.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 26, 2011 Oct 12, 2005
Total Loans $476,575 $616,373,350
Amount of raised Inactive loans $0 $385,725
Number of raised Inactive loans 0 556
Amount of Paying Back Loans $106,000 $121,828,475
Number of Paying Back Loans 139 131,473
Amount of Ended Loans $370,575 $494,159,150
Number of Ended Loans 535 624,120
Delinquency Rate 100.00% 4.30%
Amount in Arrears $52,133 $3,383,431
Outstanding Portfolio $52,133 $78,638,819
Number of loanDelinquent 139 15,752
Default Rate 2.38% 1.10%
Amount of Ended Loans Defaulted $8,827 $5,427,079
Amount of Ended Loans $370,575 $494,159,150
Number of Ended Loans Defaulted 32 16,892
Currency Exchange Loss Rate 4.48% 0.10%
Amount of Currency Exchange Loss $21,362 $614,667
Refund Rate 0.56% 0.74%
Amount of Refunded Loans $2,675 $4,567,000
Number of Refunded Loans 3 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.64% 74.24%
Average Loan Size $708 $419
Average Individual Loan Size $708 $655
Average Group Loan Size $0 $1,835
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,400 $3,415
Average Loan Size / GDP per capita (PPP) 50.56% 12.26%
Average Time to Fund a Loan 1.8 days 5.75 days
Average Dollars Raised Per Day Per Loan $393.24 $72.82
  Average Loan Term 6.01 months 10.46 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 145 307,660
  Journaling Rate 20.92% 42.28%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.01 1.80

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 69% PY 39.00% PY 33.15% PY
  Profitability (return on assets) -18.9% 8.4% -1.29%
  Average Loan Size (% of per capita income) 28.80% 47.00% 38.08%

Country Fast Facts

Field Partner Staff

Betty Abalo
Festo Amunda Abraham
George Kiwuuwa
Pantaleon Lutta
Felix Ndegwa
Beth Nyaga
Robert Oketi