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.


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There is no Lending 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 Lending Partner All Kiva Partners
  Start Date On Kiva Dec 22, 2016 Oct 12, 2005
Total Loans $50,000 $1,952,350,065
Amount of raised Inactive loans $0 $419,225
Number of raised Inactive loans 0 306
Amount of Paying Back Loans $0 $155,640,340
Number of Paying Back Loans 0 182,704
Amount of Ended Loans $50,000 $1,767,301,140
Number of Ended Loans 1 2,368,671
Delinquency Rate 0.00% 10.67%
Amount in Arrears $0 $10,089,741
Outstanding Portfolio $0 $94,566,180
Number of Loans Delinquent 0 42,944
Default Rate 14.29% 1.82%
Amount of Ended Loans Defaulted $7,145 $32,209,409
Number of Ended Loans Defaulted 1 84,624
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,472,500
Number of Refunded Loans 0 9,545

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 78.22%
Average Loan Size $50,000 $391
Average Individual Loan Size $50,000 $589
Average Group Loan Size $0 $1,889
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $2,000 $5,599
Average Loan Size / GDP per capita (PPP) 2,500.00% 6.99%
Average Time to Fund a Loan 2.58 days 8.92 days
Average Dollars Raised Per Day Per Loan $19,377.93 $43.91
  Average Loan Term 12 months 11.46 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 9 1,176,169
  Journaling Rate 100.00% 42.29%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 59.00% PY 26.92% PY
  Profitability (return on assets) N/A N/A -3.11%
  Average Loan Size (% of per capita income) N/A 138.00% 0.00%

Country Fast Facts

Lending Partner Staff