Last updated January 27, 2015

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 Field Partner All Kiva Partners
  Start Date On Kiva Feb 27, 2015 Oct 12, 2005
Total Loans $118,225 $1,388,022,775
Amount of raised Inactive loans $0 $169,825
Number of raised Inactive loans 0 72
Amount of Paying Back Loans $45,050 $148,228,750
Number of Paying Back Loans 22 194,675
Amount of Ended Loans $73,175 $1,239,624,200
Number of Ended Loans 24 1,602,553
Delinquency Rate 100.00% 12.74%
Amount in Arrears $14,704 $11,791,923
Outstanding Portfolio $14,704 $92,533,876
Number of Loans Delinquent 22 75,286
Default Rate 12.97% 1.75%
Amount of Ended Loans Defaulted $9,490 $21,700,871
Number of Ended Loans Defaulted 14 52,572
Currency Exchange Loss Rate 6.46% 0.38%
Amount of Currency Exchange Loss $7,632 $5,291,386
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $8,230,675
Number of Refunded Loans 0 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.87% 76.51%
Average Loan Size $2,570 $392
Average Individual Loan Size $2,570 $608
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,100 $5,758
Average Loan Size / GDP per capita (PPP) 62.69% 6.81%
Average Time to Fund a Loan 1.55 days 7.13 days
Average Dollars Raised Per Day Per Loan $1,658.85 $54.98
  Average Loan Term 22.07 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 12 846,581
  Journaling Rate 26.09% 43.41%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 14% APR 74.00% PY 26.14% PY
  Profitability (return on assets) -32.8% 3.2% -2.30%
  Average Loan Size (% of per capita income) N/A 10.00% 12.52%

Country Fast Facts

Field Partner Staff

Craig Du Plooy
Inutu Lubasi
Ian McFadyen
Hazel Mumba
Nkama Mutale
Wammweni Samundengu
Namate Silishebo