Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:     

Wedu is an award-winning social enterprise that unlocks the leadership potential of women in Asia by providing inspiring, lifelong mentorship and affordable financial support to complete higher education so that they can become change-makers in their communities. They call the young women participating in their program ‘Rising Stars.' 

Wedu envisions a world where people from the poorest corners of the world have the tools to change their lives and the society of their home country by being leaders of their own development. They aim to support women throughout their leadership lifecycle starting with higher education. They reach out to students, assist them with the application process for university, connect them to mentors and networks that can help them achieve their full potential and, when required, provide financial support to help them complete their higher education. 

A unique lending approach:

In addition to scholarships, Wedu is pioneering the first Future Income Sharing Agreement (FISA) in Southeast Asia. With FISAs, students can receive funding now and repay the investment through a fixed percentage of their income over a fixed number of years – only after they have found employment. In this way, repayments will always be affordable and flexible at any stage of the student’s development and career.

FISAs also support Wedu’s sustainability, as repayments get reinvested in the next generation of students who dream to complete their university studies.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 23, 2014 Oct 12, 2005
Total Loans $70,500 $1,539,793,895
Amount of raised Inactive loans $0 $387,225
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $54,475 $165,377,495
Number of Paying Back Loans 20 203,716
Amount of Ended Loans $16,025 $1,374,029,175
Number of Ended Loans 6 1,807,819
Delinquency Rate 0.00% 18.01%
Amount in Arrears $0 $19,086,430
Outstanding Portfolio $46,013 $105,988,787
Number of Loans Delinquent 0 85,446
Default Rate 0.00% 1.72%
Amount of Ended Loans Defaulted $0 $23,640,212
Number of Ended Loans Defaulted 0 58,924
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,565,612
Refund Rate 9.26% 0.61%
Amount of Refunded Loans $6,525 $9,388,800
Number of Refunded Loans 2 8,725

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.16%
Average Loan Size $2,751 $391
Average Individual Loan Size $2,751 $604
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $2,600 $5,692
Average Loan Size / GDP per capita (PPP) 105.80% 6.87%
Average Time to Fund a Loan 0.65 days 7.92 days
Average Dollars Raised Per Day Per Loan $4,249.39 $49.42
  Average Loan Term 94.14 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3 947,251
  Journaling Rate 100.00% 42.78%
  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 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 25.82% PY
  Profitability (return on assets) 79.8% N/A -1.09%
  Average Loan Size (% of per capita income) N/A N/A 11.51%

Country Fast Facts

Field Partner Staff

Wedu Funding
Vivian Lee
Irum Musharraf
Suzana Salim