Hluvuku-Adsema
Mozambique
September 11, 2011
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.
Kiva's new risk rating system, which now includes half stars, has enabled us to display Hluvuku-Adsema's risk rating with a higher level of granularity. As a result, Hluvuku-Adsema's risk rating will now be displayed as 2.5 stars instead of 3 stars.
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
Hluvuku-Adsema has been informed of the change in the display of their rating on Kiva's website.
Hluvuku-Adsema's delinquency rate increased to 32.1% on August 1st, 2010. Since that date, Hluvuku-Adsema has been delinquent in remitting funds to Kiva. As of September 2, 2010, their delinquency rate on Kiva is 48.3%.
Portfolio staff are continuing to follow up with Hluvuku-Adsema, and hope to receive the expected payment soon. In the meantime, Hluvuku-Adsema's fundraising status has been changed from “active” to “paused.”
Once this payment has been received and distributed to Kiva lenders, Hluvuku-Adsema will be unpaused and their delinquency rate should fall to a rate that reflects the amount that borrowers have yet to repay.
Original Partner Description
Hluvuku's mission is to improve the socio economic conditions of the population in the Maputo province and contiguous areas, providing sustainable services to low income people, considering the viability of the initiatives. Hluvuku's vision is to play a key role in expanding access to financial services in the Maputo province.
The Matutuine district has a very low population density, of approx. 6.5 inhabitants per square kilometer, and was severely affected by the civil war. It also has a high incidence of the HIV/AIDS virus.
Hluvuku-Adsema wants to attain operational and financial self-sufficiency developing a legal framework and also the technical skills of its workers aiming the introduction of savings products in the local market.
Hluvuku-Adsema can be contacted via email at hluvuku-adsema@teledata.mz
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 18, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,430,300 | $424,502,625 | |
| Amount of Raised Inactive Loans | $0 | $303,725 | |
| Number Of Raised Inactive Loans | 0 | 236 | |
| Amount of Paying Back Loans | $378,675 | $92,457,350 | |
| Number Of Paying Back Loans | 652 | 100,288 | |
| Amount of Ended Loans | $1,051,625 | $331,741,550 | |
| Number Of Ended Loans | 1,794 | 434,958 | |
| Delinquency Rate | 0.27% | 2.08% | |
| Amount In Arrears | $525 | $1,221,363 | |
| Outstanding Portfolio | $197,078 | $58,717,054 | |
| Number of Loans Delinquent | 13 | 9,846 | |
| Default Rate | 0.01% | 0.97% | |
| Amount of Ended Loans Defaulted | $89 | $3,220,059 | |
| Amount of Ended Loans | $1,051,625 | $331,741,550 | |
| Number Of Ended Loans Defaulted | 1 | 9,823 | |
| Currency Exchange Loss Rate | 0.29% | 0.02% | |
| Amount of Currency Exchange Loss | $4,168 | $77,435 | |
| Refund Rate | 1.14% | 0.96% | |
| Amount of Refunded Loans | $16,275 | $4,068,925 | |
| Number Of Refunded Loans | 23 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 55.88% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $585 | $406 | |
| Average Individual Loan Size | $586 | $645 | |
| Average Group Loan Size | $508 | $1,742 | |
| Average Number Of Entrepreneurs Per Group | 2 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $1,389 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 42.13% | 12.15% | |
| Average Time To Fund A Loan | 3.45 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $169.83 | $86.68 | |
| Average Loan Term | 16.34 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 293 | 203,226 | |
|---|---|---|---|
| Journaling Rate | 15.97% | 39.96% | |
| Average Number Of Comments Per Journal | 0.52 | 0.11 | |
| Average Number Of Recommendations Per Journal | 5.86 | 2.73 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 46.60% | 56.20% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 7.7% | -4.7% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 97.60% | 70.10% | 46.53% |
Country Fast Facts
Country Fast Facts- Country:
- Mozambique
- Capital:
- Maputo
- Official Language:
- Portuguese
- Population:
- 19,792,000
- Avg Annual Income:
- $1,389
- Labor Force:
- agriculture 81%, industry 6%, services 13%
- Population Below Poverty Line:
- 70%
- Literacy Rate:
- 47.8%
- Infant Mortality Rate (per 1000):
- 199 deaths
- Life Expectancy:
- 31.3 years
Field Partner Staff
Franscisco Alfredo CuambaPaulo Cuvila
Daniel Machava
Bernardo Luis Tembe
Test Test
Eduarda Vaz