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.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 26, 2011 Oct 12, 2005
Total Loans $476,575 $538,893,275
Amount of Raised Inactive Loans $0 $376,325
Number Of Raised Inactive Loans 0 250
Amount of Paying Back Loans $117,500 $110,653,375
Number Of Paying Back Loans 152 114,334
Amount of Ended Loans $359,075 $427,863,575
Number Of Ended Loans 522 549,635
Delinquency Rate 52.84% 3.33%
Amount In Arrears $30,761 $2,390,257
Outstanding Portfolio $58,217 $71,783,394
Number of Loans Delinquent 145 10,622
Default Rate 0.76% 1.01%
Amount of Ended Loans Defaulted $2,743 $4,334,868
Amount of Ended Loans $359,075 $427,863,575
Number Of Ended Loans Defaulted 19 14,050
Currency Exchange Loss Rate 4.47% 0.06%
Amount of Currency Exchange Loss $21,303 $298,028
Refund Rate 0.56% 0.82%
Amount of Refunded Loans $2,675 $4,417,000
Number Of Refunded Loans 3 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 52.64% 74.09%
Average Loan Size $708 $417
Average Individual Loan Size $708 $656
Average Group Loan Size $0 $1,813
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $1,400 $3,463
Average Loan Size / GDP Per Capita (PPP) 50.56% 12.05%
Average Time To Fund A Loan 1.8 days 5.29 days
Average Dollars Raised Per Day Per Loan $393.24 $78.95
  Average Loan Term 6.01 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 145 268,608
  Journaling Rate 22.24% 42.09%
  Average Number Of Comments Per Journal 0.00 0.09
  Average Number Of Recommendations Per Journal 0.01 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 61.50% 61.50% 34.93%
  Profitability (Return on Assets) -40.6% -40.6% -1.11%
  Average Loan Size (% of Per Capita Income) 28.80% 28.80% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

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