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: 

Kingsbridge Microfinance is a licensed, non-bank financial institution that can take deposits and is regulated by the Bank of Ghana.  It was established in 2008 under the name Kingsbridge Corporate services with the mission of offering microfinance products.  As a result of changes in the regulatory framework in Ghana, the company changed its name to Kingsbridge Microfinance ltd, a limited liability company incorporated in 2011. The company was issued a deposit-taking license by the Bank of Ghana in 2013. 

A unique lending approach:

Kingsbridge loans are aimed at assisting low-income students attending accredited tertiary education institutions in Ghana with their tuition and living expenses. Currently, very few financial institutions in Ghana offer student loans.

Kingsbridge offers loans for students who have some source of income and are able to pay the loan installment on an ongoing basis, as well as loans for students with no income who can repay the loan once they complete their education and secure employment.

In addition, Kingsbridge also offer business loans to budding entrepreneurs in Ghana.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 5, 2014 Oct 12, 2005
Total Loans $136,800 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $122,425 $136,648,425
Number of Paying Back Loans 104 167,060
Amount of Ended Loans $14,375 $737,601,350
Number of Ended Loans 15 916,439
Delinquency Rate 1.90% 8.46%
Amount in Arrears $1,706 $7,476,165
Outstanding Portfolio $89,808 $88,321,485
Number of Loans Delinquent 5 22,435
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,707,641
Number of Ended Loans Defaulted 0 27,160
Currency Exchange Loss Rate 2.00% 0.44%
Amount of Currency Exchange Loss $2,736 $3,823,595
Refund Rate 4.81% 0.65%
Amount of Refunded Loans $6,575 $5,700,625
Number of Refunded Loans 1 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 46.46% 74.90%
Average Loan Size $1,111 $407
Average Individual Loan Size $1,143 $640
Average Group Loan Size $2,390 $1,805
Average number of borrowers per group 2.8 7.8
Average GDP per capita (PPP) in local country $3,500 $5,934
Average Loan Size / GDP per capita (PPP) 31.76% 6.86%
Average Time to Fund a Loan 5.21 days 6.92 days
Average Dollars Raised Per Day Per Loan $213.35 $58.85
  Average Loan Term 26.79 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 447,696
  Journaling Rate 43.75% 41.57%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 23% PY 53.00% PY 26.87% PY
  Profitability (return on assets) -1.48% 0.3% -0.78%
  Average Loan Size (% of per capita income) N/A 13.00% 18.82%

Country Fast Facts

Field Partner Staff

Ivy Hyde-Attram

Kiva Fellow(s)

Susan Patterson