Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update – May 29, 2015
Since our last status update, Camfed Zimbabwe has introduced a number of changes to address delinquency issues and increase the likelihood of timely repayment on loans going forward. As a result, Camfed will resume posting loans to Kiva in June.
Borrowers are all very committed to repaying their loans, even if circumstances have slowed their repayments. ,Community representatives at the local district level are being engaged to provide mentoring and support during this time. Camfed expects that the environment of mutual support and ‘sisterhood’ that has been established through its network will continue to bring in repayments from outstanding loans. Those who have been able to successfully repay their loan are in many cases pooling resources to support fellow CAMA members who are struggling.
To ensure strong delinquency management controls are in place for future loans, Camfed will focus on lending to borrowers who already have a strong track record in repaying their previous Kiva loans. To build capacity for newer borrowers without a strong history of repayment, Camfed will provide additional business skills training, helping borrowers to identify more innovative business ideas. Camfed has built staff and volunteer capacity at local levels to help ensure there’s a high level of field-level coordination and monitoring, which will enable faster follow up on delinquent loans.
As a result of recent action taken, Camfed anticipates a reduction in its delinquency rate on Kiva and expects to avoid similar issues in the future. However, Kiva considers loans to Camfed borrowers to be higher risk until we’ve received repayment data to confirm that the recent actions are indeed reducing delinquency risk.
Status Update - April 21, 2015
Camfed Zimbabwe is currently experiencing a higher than usual delinquency rate as a result of several factors affecting borrowers:
In early 2015, parts of Zimbabwe suffered from intense flooding and currently severe drought is affecting almost two-thirds of the country. This has resulted in unexpected emergency expenditures and reduced income for both Camfed Zimbabwe borrowers and their customers, many of whom rely on agriculture for their livelihood.
A countrywide reduction in the income and buying power of teachers across Zimbabwe has also affected many Camfed Zimbabwe borrowers because teachers are among their core clientele.
Many of Camfed Zimbabwe loans are being made to young women borrowers who have just started their first businesses. As they develop their entrepreneurial skills, they are still learning to achieve on-time payments.
Camfed is establishing best practices in delinquency management through this experience. Kiva continues to work closely with Camfed during this time, and will updated lenders as the situation changes.
Campaign for Female Education (Camfed) is an international nonprofit organization that focuses on eradicating poverty in rural Africa by investing in education for girls and supporting the economic self-reliance and leadership of young women. Founded in the UK and Zimbabwe 20 years ago, Camfed’s Model is one of partnership – with government departments, schools, traditional and civic authorities, parents and children – through which communities design and drive solutions that advance educational, social and economic progress.
The organization operates in five African countries: Zimbabwe, Ghana, Malawi, Tanzania and Zambia. In 2012, Camfed improved the educational status of over 2 million children and young people through a network of 4,743 schools. Alongside direct support to girls and vulnerable boys to go to school, Camfed invests in improving the quality of education through resources and child protection and teacher training initiatives. This is particularly impactful in Africa, where the reluctance of many urban-educated teachers to take jobs in rural communities for long periods and the dearth of rural-educated teachers undermines the quality of the rural school system.
Kiva lenders’ funds are used to help women living in rural Zimbabwe to expand their businesses, become more self-reliant, and simultaneously help young girls access quality education. In exchange for receiving capital and business support to establish profit-making enterprises, women borrowers will commit to repaying in social capital as volunteer teaching assistants in local high schools. Borrowers will teach girls Math, English and a Wellbeing Curriculum that covers critical skills including decision-making, problem solving, leadership, entrepreneurship, resilience, communication skills and empathy. In this way, Camfed borrowers will thus pay the “interest” on their loan in the form of social change.
The girls Camfed supports are identified by their communities based on need and potential. The organization helps them at every stage of their development, from primary school through adulthood. Its comprehensive programs enable girls to get into school, excel academically and maximize the value of their education after they graduate. By helping the most vulnerable and marginalized members of a community, Camfed is able to help develop school environments that benefit all students.
Camfed begins by providing the school fees, supplies and uniforms that many girls’ families can’t afford. Through its extended network -- including trained school mentors -- the organization ensures that girls are fully supported emotionally and academically. This is especially vital for children who have been orphaned or are the heads of their households. After they graduate from secondary school, Camfed helps them learn how to manage money and launch small businesses. Finally, it offers them the ability to join the Cama alumni network. Cama members share a common commitment to supporting each other and giving back to their rural communities as leaders, trainers, entrepreneurs, health activists, students, professionals and champions of information and communications technology.
Awards and honors:
As part of its 800th anniversary celebration, the University of Cambridge named Camfed as its Charity of the Year. Camfed USA earned the highest rating awarded by Charity Navigator for its efficient financial practices. Additionally, former Camfed bursary recipient Abigail Kaindu was appointed as one of 10 global youth advocates to the United Nations Secretary General's Youth Advocacy Panel, part of a new Education First Initiative to put every child in school.
Images courtesy of Camfed.
Repayment Performance on Kiva
|This Field Partner||All Kiva Partners|
|Start Date On Kiva||Aug 15, 2013||Oct 12, 2005|
|Amount of raised Inactive loans||$0||$498,200|
|Number of raised Inactive loans||0||431|
|Amount of Paying Back Loans||$233,000||$143,328,850|
|Number of Paying Back Loans||366||175,425|
|Amount of Ended Loans||$1,094,500||$794,137,975|
|Number of Ended Loans||1,963||994,902|
|Amount in Arrears||$36,387||$7,433,246|
|Number of Loans Delinquent||208||19,274|
|Amount of Ended Loans Defaulted||$1,407||$11,137,050|
|Number of Ended Loans Defaulted||5||31,506|
|Currency Exchange Loss Rate||0.00%||0.46%|
|Amount of Currency Exchange Loss||$0||$4,278,396|
|Amount of Refunded Loans||$13,000||$5,887,300|
|Number of Refunded Loans||26||5,924|
Loan Characteristics On Kiva
|This Field Partner||All Kiva Partners|
|Loans to Women Borrowers||100.00%||75.18%|
|Average Loan Size||$569||$401|
|Average Individual Loan Size||$569||$634|
|Average Group Loan Size||$0||$1,772|
|Average number of borrowers per group||0||7.8|
|Average GDP per capita (PPP) in local country||$2,000||$5,898|
|Average Loan Size / GDP per capita (PPP)||28.46%||6.80%|
|Average Time to Fund a Loan||7.82 days||6.93 days|
|Average Dollars Raised Per Day Per Loan||$72.77||$57.86|
|Average Loan Term||8.35 months||11.1 months|
Journaling Performance on Kiva
|This Field Partner||All Kiva Partners|
|Average Number of Comments Per Journal||0.00||0.05|
|Average Number of Recommendations Per Journal||0.00||1.20|
Borrowing Cost Comparison (based on 2015 data)
|This Field Partner||Median for MFI's in Country||All Kiva Partners|
|Average Cost to Borrower||0% APR||59.00% PY||26.04% PY|
|Profitability (return on assets)||1.34%||N/A||-0.31%|
|Average Loan Size (% of per capita income)||N/A||138.00%||17.73%|
Country Fast Facts
- Official Language:
- Shona (official), Ndebele (official), English (official), 13 minority languages
- Avg Annual Income:
- Labor Force:
- agriculture: 66%, industry: 10%, services: 24%
- Population Below Poverty Line:
- Literacy Rate:
- Infant Mortality Rate (per 1000):
- 26.55 deaths
- Life Expectancy:
- 55.95 years
Field Partner StaffElizabeth Falcon