Status update — April 27, 2019

Cyclone Idai, which hit southeastern Africa last month, affected some of iDE Mozambique’s operations. Cyclone Idai was one of the worst tropical cyclones to hit the continent and left over 1,000 dead and thousands missing. iDE Mozambique spent the last month evaluating the impact the cyclone had on the livelihoods and businesses of their clients. They found that more than 50% of their clients have been negatively affected by the cyclone and some have lost more than 90% of their crops. Eight of these clients are Kiva borrowers and we therefore anticipate delays in repayments as these clients restart their businesses. We thank you for your understanding and patience as these borrowers rebuild their livelihoods and work toward making repayments on their Kiva loans.

Partner Description:

iDE is an international non-profit organization dedicated to creating income and livelihood opportunities for the rural poor. iDE currently operates in 11 countries in Asia, Africa and Latin America. In addition to Mozambique, Kiva also partners with iDE in Cambodia. Their focus is to enhance smallholder farmers’ productivity by increasing their access to agricultural technologies, market information and credit.
Many farmers living in remote locations often can’t be reached by agricultural suppliers. iDE seeks to change this by working with farmers to help them become farmer business advisors who are responsible for delivering high quality agricultural technology to other farmers. They assist farmers and agrodealers in selling and delivering their products, and also provide technical advice. The goal is that a community of farmer business advisors  and agrodealers will be self-sustaining and their expertise can influence the market in the area.
A unique lending approach:

iDE will provide credit and capital asset loans to the farmer business advisors and agrodealers. These farmers will use this funding to purchase agricultural technology from agrodealers and then sell and deliver this technology to farmers. Funding from Kiva lenders will help iDE grow the number of people who can participate in this program. iDE is committed to providing financing to the advisors and would love to also build partnerships with local microfinance institutions.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 23, 2016 Oct 12, 2005
Total Loans $816,775 $1,631,133,345
Amount of raised Inactive loans $9,425 $2,025,150
Number of raised Inactive loans 1 3,715
Amount of Paying Back Loans $370,350 $161,336,875
Number of Paying Back Loans 113 190,483
Amount of Ended Loans $437,000 $1,467,771,320
Number of Ended Loans 192 1,942,349
Delinquency Rate 1.10% 16.59%
Amount in Arrears $2,720 $16,582,518
Outstanding Portfolio $247,608 $99,979,396
Number of Loans Delinquent 2 56,636
Default Rate 1.00% 1.71%
Amount of Ended Loans Defaulted $4,367 $25,104,362
Number of Ended Loans Defaulted 3 62,604
Currency Exchange Loss Rate 0.58% 0.41%
Amount of Currency Exchange Loss $4,768 $7,244,343
Refund Rate 3.11% 0.58%
Amount of Refunded Loans $25,375 $9,499,275
Number of Refunded Loans 14 8,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 54.46% 77.46%
Average Loan Size $1,651 $390
Average Individual Loan Size $2,652 $601
Average Group Loan Size $2,293 $1,801
Average number of borrowers per group 11.6 8
Average GDP per capita (PPP) in local country $1,200 $5,664
Average Loan Size / GDP per capita (PPP) 137.61% 6.89%
Average Time to Fund a Loan 4.73 days 8.12 days
Average Dollars Raised Per Day Per Loan $348.96 $48.02
  Average Loan Term 12.25 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 157 986,552
  Journaling Rate 55.31% 42.04%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2019 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 10% APR 68.00% PY 26.68% PY
  Profitability (return on assets) 4.84% 2.1% 0.04%
  Average Loan Size (% of per capita income) N/A 86.00% 11.50%

Country Fast Facts

Field Partner Staff

Aidar Assylbekov
Sabina Bharwani
Dan Clark
Bwalya Filamba
Stefano Gasparini
Ahmed Kassim
Gordon Lau
Neidy Manjate
Marlene Muzezela