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

Status update — November 15, 2016

South Sudan continues to be unstable and WOYE's staff remain outside the country for their safety. WOYE has requested that we wait until 2017 to see if their staff are able to return to the country and remit payment to Kiva. If they are unable to do so in the first quarter of 2017, Kiva will proceed with defaulting WOYE's loans due to unlikelihood of future repayments and the unpredictable future of South Sudan.

Status update — February 8, 2016

Rebel forces continue to cause instability in South Sudan's Western Equatorial State where WOYE is located. Their office was looted a second time in October 2015 and they have suspended all operations. As a result, Kiva has agreed to a restructured repayment plan and a 6 month grace period. In July 2016 Kiva will re-evaluate the situation and determine at that time if WOYE is able to collect repayments and remit them to Kiva.

Status update — June 1, 2015

In May 2015, South Sudan's rebel forces captured Mundri town where WOYE is headquartered. One   staff member was killed, others fled to safety, and  WOYE's  office was looted. Due to the destruction and instability, WOYE is currently not operational. Their clients' businesses were also looted and borrowers will have difficulty repaying their loans at this time. Kiva has paused WOYE’s access to fundraising loans for now, but hopes to continue to support WOYE’s much-needed development efforts  as they rebuild  . Kiva has been in communication with our contacts at this Field Partner, and we remain concerned about the safety and well-being of staff and clients affected by recent events.

Partner description:

The poverty rate in South Sudan is high, with over 50% of the population living below the national poverty line. Additionally, the country is rocked by a humanitarian crisis where millions of South Sudanese are dependent on food aid. South Sudan is an active conflict environment that is extremely difficult for microfinance institutions to operate in due to ongoing conflict, social and political instability, lack of basic infrastructure, extreme poverty, and a culture of donations, among other challenges. 

WOYE is a microfinance institution in South Sudan that helps fill the gap in microfinance services to low-income people. WOYE provides small loans in a country where the UN estimates that less than 2% of the population has access to formal financial services. WOYE offers a range of financial services to women and youth entrepreneurs. Their goal is to empower low income-women and youth and enhance their confidence in income generating activities through increased access to credit.  

A unique lending approach: 

WOYE aims to train borrowers to increase their assets and access to mainstream economic activities. It also boosts clients’ repayment abilities and decreases risk of default by providing health and education training.  

WOYE uses Kiva funding to help scale their group and individual loan products and, more specifically, their solar loans. The target populations for these loans are women and youth, aged 18-50 years who own a business.  

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 23, 2014 Oct 12, 2005
Total Loans $54,675 $923,326,050
Amount of raised Inactive loans $0 $628,725
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $24,225 $139,911,425
Number of Paying Back Loans 56 170,052
Amount of Ended Loans $30,450 $782,785,900
Number of Ended Loans 67 979,669
Delinquency Rate 100.00% 8.42%
Amount in Arrears $13,796 $7,615,831
Outstanding Portfolio $13,796 $90,466,478
Number of Loans Delinquent 56 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 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,210,313
Refund Rate 29.68% 0.63%
Amount of Refunded Loans $16,225 $5,840,725
Number of Refunded Loans 36 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.83% 75.10%
Average Loan Size $446 $403
Average Individual Loan Size $446 $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 $2,000 $5,908
Average Loan Size / GDP per capita (PPP) 22.30% 6.82%
Average Time to Fund a Loan 0.17 days 6.97 days
Average Dollars Raised Per Day Per Loan $2,678.81 $57.81
  Average Loan Term 7.03 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4 479,420
  Journaling Rate 3.25% 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 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 39.00% PY 26.15% PY
  Profitability (return on assets) -3% 8.4% -0.05%
  Average Loan Size (% of per capita income) N/A 47.00% 17.77%

Country Fast Facts

Field Partner Staff

Gobindo Chakravartty
Rebecca Kamala
Durusila Mangowa
Victor Sebit