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 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $45,050 $147,423,550
Number of Paying Back Loans 22 194,726
Amount of Ended Loans $73,175 $1,193,690,950
Number of Ended Loans 24 1,537,959
Delinquency Rate 100.00% 10.51%
Amount in Arrears $14,704 $9,735,701
Outstanding Portfolio $14,704 $92,639,883
Number of Loans Delinquent 22 57,667
Default Rate 12.97% 1.76%
Amount of Ended Loans Defaulted $9,490 $21,037,796
Number of Ended Loans Defaulted 14 51,424
Currency Exchange Loss Rate 6.46% 0.39%
Amount of Currency Exchange Loss $7,632 $5,195,382
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,939,025
Number of Refunded Loans 0 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.87% 76.42%
Average Loan Size $2,570 $394
Average Individual Loan Size $2,570 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $4,100 $5,773
Average Loan Size / GDP per capita (PPP) 62.69% 6.82%
Average Time to Fund a Loan 1.55 days 7.13 days
Average Dollars Raised Per Day Per Loan $1,658.85 $55.26
  Average Loan Term 22.07 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 12 796,440
  Journaling Rate 26.09% 43.15%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

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 25.24% PY
  Profitability (return on assets) -32.8% 3.2% -1.43%
  Average Loan Size (% of per capita income) N/A 10.00% 12.96%

Country Fast Facts

Field Partner Staff

Inutu Lubasi
Hazel Mumba
Nkama Mutale
Wammweni Samundengu
Namate Silishebo