Last updated January 27, 2015

Status update — April 13, 2020

Kiva and iSchool Zambia have agreed to end their partnership after 5 years and $118,225 in loans raised. This decision was made due to the challenges iSchool faced in managing a credit program. iSchool joined Kiva as an experimental partner in 2014 with the purpose of financing teachers and schools that were not able to afford the iSchool technology upfront. Between February 2015 and November 2017, 46 schools received Kiva loans for iSchool tablets in Zambia. However, despite iSchools’ efforts to help borrowers successfully repay and a Kiva Fellow sent to support them in 2018, 32 borrowers defaulted on a portion of their loan and iSchool did not have the bandwidth or experience to continue managing a credit program. We thank iSchool for the years of collaboration and wish them success in their future endeavors.

Partner Description:
iSchool is transforming how learning happens in primary schools in Africa through interactive, enquiry-based teaching and eLearning for children in a locally contextualized form and local language using modern tablet technology. iSchool is doing for education in Africa what mobile phones did for communication. Africa can skip over the western school computer-lab model and take iSchool tablet devices straight to the very diverse places where children are learning. The iSchool system improves numeracy, literacy and critical thinking and in some cases doubles teacher and student attendance.
A Unique Lending Approach:
Through lending, iSchool would be able to extend their reach and service schools that are not able to afford the iSchool technology upfront. This would include schools in rural areas that are most in need of educational support and resources. iSchool would use Kiva capital to allow schools to pay back the cost of the iSchool program over time, in monthly installments. iSchool borrowers could also use Kiva capital to purchase solar chargers for their iSchool tablet devices.

iSchool is the first content company in the world to change the way teaching and learning is done by modernizing school pedagogy through placing an entire primary school curriculum in animated, voiced and written lessons on tablets in multiple languages.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Feb 27, 2015 Oct 12, 2005
Total Loans $118,225 $1,958,611,875
Amount of raised Inactive loans $0 $197,655
Number of raised Inactive loans 0 175
Amount of Paying Back Loans $0 $161,174,305
Number of Paying Back Loans 0 188,688
Amount of Ended Loans $118,225 $1,768,236,180
Number of Ended Loans 46 2,370,063
Delinquency Rate 0.00% 12.20%
Amount in Arrears $0 $12,200,290
Outstanding Portfolio $0 $100,036,204
Number of Loans Delinquent 0 72,767
Default Rate 20.46% 1.83%
Amount of Ended Loans Defaulted $24,194 $32,303,600
Number of Ended Loans Defaulted 36 84,786
Currency Exchange Loss Rate 6.46% 0.49%
Amount of Currency Exchange Loss $7,632 $11,931,838
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 60.87% 78.22%
Average Loan Size $2,570 $392
Average Individual Loan Size $2,570 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $4,100 $5,599
Average Loan Size / GDP per capita (PPP) 62.69% 7.00%
Average Time to Fund a Loan 1.55 days 8.93 days
Average Dollars Raised Per Day Per Loan $1,658.85 $43.87
  Average Loan Term 22.07 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 12 1,178,609
  Journaling Rate 26.09% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 14% APR 74.00% PY 27.02% PY
  Profitability (return on assets) -32.8% 3.2% -3.10%
  Average Loan Size (% of per capita income) N/A 10.00% 0.00%

Country Fast Facts

Lending Partner Staff