Status update - May 03, 2018

Kiva and Mozambikes have agreed to end their partnership. Mozambikes has fully paid its outstanding balance to Kiva, and these funds have been distributed to lenders. Kiva thanks Mozambikes for its collaboration and continued commitment to providing high quality bicycles to low-income communities in Mozambique.

Partner Description:

Mozambikes is a for-profit social enterprise headquartered in Maputo, Mozambique. The organization imports bicycle parts and assembles them locally in Maputo, using local labor.
The organization hopes to provide Mozambicans living near the poverty line with access to bicycles, positively affecting both the financial livelihoods and quality of life of their users. Bikes can help improve personal health, increase access to education,  as well as increase income levels and business efficiency.
A unique lending approach:
Mozambikes currently focuses on selling bicycles to NGO’s and private sector companies, who then donate bikes to their communities, employees, customers or other stakeholders. Each bike is designed to be extremely robust and appropriate for rural conditions, and sells for $130. Companies can also elect to just purchase advertising space on the bicycles, and let Mozambikes sell them into the rural market at the reduced rate of $40.
Bicycles have a positive affect on the professional and personal lives of users-- from decreasing commute time, to becoming a tool for entrepreneurial activity, to increasing access to crucial services like health clinics.
Kiva funding will allow Mozambikes to expand their clientele, and will provide a financing option for bikes for Mozambicans living near the poverty line. Each loan will either be for an individual bicycle, or a bicycle and trailer, at a flat interest rate of 5%. With Kiva’s support, Mozambikes can unlock a new segment of low-income residents in Mozambique who can benefit from a bike.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 3, 2015 Oct 12, 2005
Total Loans $3,575 $1,515,362,650
Amount of raised Inactive loans $0 $606,100
Number of raised Inactive loans 0 355
Amount of Paying Back Loans $0 $154,453,800
Number of Paying Back Loans 0 188,094
Amount of Ended Loans $3,575 $1,360,302,750
Number of Ended Loans 27 1,788,664
Delinquency Rate 0.00% 19.87%
Amount in Arrears $0 $19,140,839
Outstanding Portfolio $0 $96,313,046
Number of Loans Delinquent 0 63,694
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $23,591,497
Number of Ended Loans Defaulted 0 58,756
Currency Exchange Loss Rate 15.25% 0.40%
Amount of Currency Exchange Loss $545 $6,424,271
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $9,365,050
Number of Refunded Loans 0 8,696

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.00% 77.03%
Average Loan Size $108 $393
Average Individual Loan Size $109 $605
Average Group Loan Size $425 $1,776
Average number of borrowers per group 4 7.9
Average GDP per capita (PPP) in local country $1,200 $5,700
Average Loan Size / GDP per capita (PPP) 9.03% 6.89%
Average Time to Fund a Loan 0.07 days 7.86 days
Average Dollars Raised Per Day Per Loan $1,556.58 $49.99
  Average Loan Term 5.75 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 937,711
  Journaling Rate 7.41% 42.91%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR 68.00% PY 28.24% PY
  Profitability (return on assets) -25% 2.1% -0.54%
  Average Loan Size (% of per capita income) N/A 86.00% 11.54%

Country Fast Facts

Field Partner Staff

Lauren Thomas