Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Strathmore University is one of the leading private chartered universities in Kenya, and is a privately owned, not for profit institution. Originally established in 1961 as an Advanced-level Sixth Form College with inspiration and encouragement from Saint Josemaria Escriva, founder of Opus Dei, Strathmore University started offering degrees in 2002 before becoming fully chartered in 2008. Tuition fees are a significant issue for students attending private universities in Kenya such as Strathmore University.  As of January 2012, about a third of applicants offered a place at the University each year do not enroll due to lack of tuition fees. The university has a long-term goal of 30% of its student population accessing some form of financial assistance by 2016. Toward that effort, Strathmore University's partnership with Kiva is a perfect fit, assisting more students where lack of tuition payment is impacting their education. Strathmore University will offer eligible students the ability to secure loans from Kiva lenders for tuition payments and laptop purchases:

Tuition Loans: 

As of January 2012, Strathmore University will offer two types of tuition loans to approved students.  In order to be eligible for the Kiva loan program, students must maintain high academic standards, and come from a low-income household, among other requirements.

11 year: these long-term loans will include a grace period of up to five years, which includes the period of enrollment  and the first year after graduation.  During this time the borrower will not be required to make any payments.  At the end of the grace period, repayments will become due on a monthly basis.  The borrower will be charged an interest rate of 0% during the grace period of the loan, and 4% per annum for the remainder of the loan term.

4 year: these shorter loans will be available to enrolled students (second year and above) who face cash-flow constraints.  These loans will have no grace period.  Repayments will be due monthly, and the borrower will be charged 6% per annum. Two-thirds of the full repayment will be required before the student is able to graduate.

Laptop Loans:

Loans for the purchase of a laptop will have a 24 month loan term, and borrowers will be charged an interest rate of 6%.

Kiva currently operates an office on the campus of Strathmore University's business school. We have leased this space and pay market rates for rent. It is in no way related to our lending partnership with Strathmore, and will have no impact on how we decide to work with the university. We previously leased space from another partner, Juhudi Kilimo, with the same policy.

Watch the video below to learn how Kiva loans have made a big difference for students at Strathmore:


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 3, 2012 Oct 12, 2005
Total Loans $762,675 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $608,525 $147,970,550
Number of Paying Back Loans 46 195,474
Amount of Ended Loans $154,150 $1,182,285,025
Number of Ended Loans 38 1,522,055
Delinquency Rate 9.74% 10.42%
Amount in Arrears $50,590 $9,802,012
Outstanding Portfolio $519,414 $94,101,479
Number of Loans Delinquent 22 55,529
Default Rate 1.98% 1.74%
Amount of Ended Loans Defaulted $3,050 $20,609,355
Number of Ended Loans Defaulted 1 50,258
Currency Exchange Loss Rate 0.99% 0.39%
Amount of Currency Exchange Loss $7,522 $5,175,709
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,878,725
Number of Refunded Loans 0 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.13% 76.40%
Average Loan Size $9,079 $394
Average Individual Loan Size $9,079 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,776
Average Loan Size / GDP per capita (PPP) 504.41% 6.82%
Average Time to Fund a Loan 8.22 days 7.13 days
Average Dollars Raised Per Day Per Loan $1,104.79 $55.26
  Average Loan Term 82.82 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 135 789,496
  Journaling Rate 35.48% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.04 0.81

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 4% APR 36.00% PY 25.36% PY
  Profitability (return on assets) N/A 0.5% -1.96%
  Average Loan Size (% of per capita income) N/A 56.00% 12.88%

Country Fast Facts

Field Partner Staff

Moses Maina
Primrose Mbuthia
Kevin Muchemi
Vincent Ndoloka
Lucy Waruguru