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 $91,400 $923,326,050
Amount of raised Inactive loans $0 $628,725
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $78,100 $139,911,425
Number of Paying Back Loans 32 170,052
Amount of Ended Loans $13,300 $782,785,900
Number of Ended Loans 3 979,669
Delinquency Rate 5.45% 8.42%
Amount in Arrears $2,145 $7,615,831
Outstanding Portfolio $39,365 $90,466,478
Number of Loans Delinquent 3 21,444
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,717,799
Number of Ended Loans Defaulted 0 30,602
Currency Exchange Loss Rate 7.76% 0.46%
Amount of Currency Exchange Loss $7,089 $4,210,313
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,840,725
Number of Refunded Loans 0 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 62.86% 75.10%
Average Loan Size $2,611 $403
Average Individual Loan Size $2,611 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,100 $5,908
Average Loan Size / GDP per capita (PPP) 63.69% 6.82%
Average Time to Fund a Loan 1.33 days 6.97 days
Average Dollars Raised Per Day Per Loan $1,965.40 $57.81
  Average Loan Term 22.06 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3 479,420
  Journaling Rate 42.86% 41.60%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 74.00% PY 26.15% PY
  Profitability (return on assets) -63.9% 3.2% -0.05%
  Average Loan Size (% of per capita income) N/A 10.00% 17.77%

Country Fast Facts

Field Partner Staff

Inutu Lubasi
Miyanda Mulambo
Nkama Mutale
Justin Reilly
Wammweni Samundengu
Namate Silishebo