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 — April 20, 2018

Siza has been delinquent in repaying funds owed to Kiva since February 2017, and has an outstanding balance of $143,331.16. Siza stopped communicating with Kiva in November 2017, so we have explored alternative options to collect funds owed to Kiva lenders. Kiva has contracted the services of an external debt collection agency to help retrieve lenders’ outstanding balance with Siza. We will provide more details on this page as we know more about the likelihood of recovery of funds.

Status update — August 16, 2017

Kiva has decided to pause Siza's access to fundraising loans on the Kiva platform as Siza faces serious operational and financial issues that threaten the organization's sustainability. Siza has failed to meet its payment obligations to Kiva lenders since February 2017, and currently has about $43,431 in outstanding debt that is now considered delinquent. Kiva has been working with Siza to try to recover these funds since March and has negotiated a repayment plan, however this partner did not submit their first agreed upon payment of $8,500 due in July. Kiva will continue to pursue recovery of all outstanding funds and will pass those funds on to lenders if and as they're received. We will provide additional information to lenders as it becomes available.

Partner description:

Siza was formed in 2013 to improve entrepreneurship opportunities for unemployed youth and women. Siza’s clients are from historically disadvantaged communities in South Africa who may never have engaged in any kind of business activity. By working with these marginalized groups to develop business skills and start small enterprises, Siza hopes to reduce poverty in these areas.

A unique lending approach:

​Siza focuses on capacity building and skills development first, working with clients to create smart business plans. Once a client has developed an idea that he or she would like to launch, Siza offers a 0% interest in-kind loan to enable the entrepreneur to purchase the equipment needed to get the business started. After the entrepreneur has launched their business, Siza offers conventional cash microfinance loans to support business growth.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 30, 2015 Oct 12, 2005
Total Loans $307,125 $1,332,136,350
Amount of raised Inactive loans $0 $615,625
Number of raised Inactive loans 0 770
Amount of Paying Back Loans $234,900 $142,737,475
Number of Paying Back Loans 122 188,796
Amount of Ended Loans $72,225 $1,188,783,250
Number of Ended Loans 79 1,530,354
Delinquency Rate 100.00% 10.48%
Amount in Arrears $145,565 $9,233,236
Outstanding Portfolio $143,331 $88,104,153
Number of Loans Delinquent 122 47,231
Default Rate 0.00% 1.74%
Amount of Ended Loans Defaulted $0 $20,632,907
Number of Ended Loans Defaulted 0 50,311
Currency Exchange Loss Rate 2.75% 0.39%
Amount of Currency Exchange Loss $8,458 $5,194,263
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,885,125
Number of Refunded Loans 0 7,780

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.95% 76.40%
Average Loan Size $1,513 $394
Average Individual Loan Size $1,534 $609
Average Group Loan Size $425 $1,761
Average number of borrowers per group 3 7.7
Average GDP per capita (PPP) in local country $12,700 $5,775
Average Loan Size / GDP per capita (PPP) 11.91% 6.82%
Average Time to Fund a Loan 2.08 days 7.13 days
Average Dollars Raised Per Day Per Loan $728.28 $55.26
  Average Loan Term 18.37 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 339 790,544
  Journaling Rate 61.19% 43.13%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 42% APR N/A 25.36% PY
  Profitability (return on assets) 7.3% N/A -1.98%
  Average Loan Size (% of per capita income) N/A 9.00% 12.96%

Country Fast Facts

Field Partner Staff

Kagwe Kagwe