Status update — April 14, 2018

Zonful has failed to meet its payment obligations to Kiva lenders since May 2017 and the entire loan amount of $50,000 is now delinquent.

Over the past year, Kiva has been in regular communication with Zonful, whose staff have explained that delays were due to their bank’s difficulty with transferring USD out of Zimbabwe. However, Zonful has yet to provide confirmation from the bank corroborating this issue. A Kiva staff member plans to visit Zonful next month to investigate the situation further and we will share additional updates with lenders as they become available.

There is no Field Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 22, 2016 Oct 12, 2005
Total Loans $50,000 $1,538,438,120
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 158
Amount of Paying Back Loans $50,000 $164,017,295
Number of Paying Back Loans 1 202,308
Amount of Ended Loans $0 $1,374,028,600
Number of Ended Loans 0 1,807,818
Delinquency Rate 100.00% 18.24%
Amount in Arrears $10,000 $19,086,649
Outstanding Portfolio $7,145 $104,628,231
Number of Loans Delinquent 1 85,447
Default Rate 0.00% 1.72%
Amount of Ended Loans Defaulted $0 $23,639,993
Number of Ended Loans Defaulted 0 58,923
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,506,260
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $9,385,675
Number of Refunded Loans 0 8,723

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 77.15%
Average Loan Size $50,000 $391
Average Individual Loan Size $50,000 $604
Average Group Loan Size $0 $1,776
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $2,000 $5,692
Average Loan Size / GDP per capita (PPP) 2,500.00% 6.87%
Average Time to Fund a Loan 2.58 days 7.91 days
Average Dollars Raised Per Day Per Loan $19,377.93 $49.45
  Average Loan Term 12 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 946,915
  Journaling Rate 100.00% 42.82%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 59.00% PY 27.05% PY
  Profitability (return on assets) N/A N/A -0.69%
  Average Loan Size (% of per capita income) N/A 138.00% 11.51%

Country Fast Facts

Field Partner Staff

William Ponela