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:

Jibu (meaning “solution” in Swahili) is a social enterprise tackling the drinking water and unemployment crises by training local workers to be successful social entrepreneurs. The entrepreneurs, about half of whom are young women, are quickly expanding a network of locally-owned drinking water franchises in Uganda, Rwanda and Kenya. Each one provides affordable, safe and clean water to their underserved communities.

Jibu entrepreneurs are able to offer affordable, clean drinking water by setting up filtration systems tailored to each community, based on available water sources. Customers pay a bottle deposit and then exchange an empty bottle for a new, full bottle, avoiding any middleman markups.
 

A unique lending approach:

Jibu uses Kiva financing to provide credit to their franchise owners to purchase water bottle inventory. Franchises purchase bottle stock from Jibu corporate in order to grow and expand their distribution as each new customer needs to purchase a refillable water bottle to access Jibu’s clean drinking water. Kiva bottle inventory loans allow franchises to scale up their businesses immediately and save them from having to build a capital base from their own profits, which would slow growth. Loans are repaid from profits on bottle sales.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 11, 2017 Oct 12, 2005
Total Loans $517,725 $1,388,904,475
Amount of raised Inactive loans $1,300 $168,075
Number of raised Inactive loans 1 71
Amount of Paying Back Loans $404,175 $149,011,425
Number of Paying Back Loans 54 195,825
Amount of Ended Loans $112,250 $1,239,724,975
Number of Ended Loans 48 1,602,792
Delinquency Rate 1.85% 12.43%
Amount in Arrears $6,035 $11,576,973
Outstanding Portfolio $324,548 $93,139,046
Number of Loans Delinquent 11 75,023
Default Rate 0.00% 1.75%
Amount of Ended Loans Defaulted $0 $21,702,685
Number of Ended Loans Defaulted 0 52,581
Currency Exchange Loss Rate 0.00% 0.38%
Amount of Currency Exchange Loss $0 $5,291,386
Refund Rate 5.37% 0.59%
Amount of Refunded Loans $27,825 $8,230,675
Number of Refunded Loans 1 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 42.45% 76.51%
Average Loan Size $5,246 $392
Average Individual Loan Size $5,246 $608
Average Group Loan Size $0 $1,757
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,757
Average Loan Size / GDP per capita (PPP) 291.43% 6.81%
Average Time to Fund a Loan 3.09 days 7.14 days
Average Dollars Raised Per Day Per Loan $1,697.72 $54.94
  Average Loan Term 18.18 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 39 846,808
  Journaling Rate 73.47% 43.40%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.14% PY
  Profitability (return on assets) -26.5% N/A -2.30%
  Average Loan Size (% of per capita income) N/A N/A 12.52%

Country Fast Facts

Field Partner Staff

Katie Bolt
Joy Chemutai
Tim Kasperidus
Innocent Mupenzi
Sosthene Ndayisaba
Alex Paur
Audrey Royston
Daphne Tashobya