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 $1,497,678,775
Amount of raised Inactive loans $0 $182,775
Number of raised Inactive loans 0 154
Amount of Paying Back Loans $50,000 $155,202,075
Number of Paying Back Loans 1 189,784
Amount of Ended Loans $0 $1,342,293,925
Number of Ended Loans 0 1,760,590
Delinquency Rate 100.00% 22.21%
Amount in Arrears $10,000 $22,011,011
Outstanding Portfolio $5,645 $99,125,494
Number of Loans Delinquent 1 99,703
Default Rate 0.00% 1.74%
Amount of Ended Loans Defaulted $0 $23,350,638
Number of Ended Loans Defaulted 0 58,028
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,269,398
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $9,336,825
Number of Refunded Loans 0 8,666

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 76.92%
Average Loan Size $50,000 $393
Average Individual Loan Size $50,000 $606
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $2,000 $5,707
Average Loan Size / GDP per capita (PPP) 2,500.00% 6.89%
Average Time to Fund a Loan 2.58 days 7.8 days
Average Dollars Raised Per Day Per Loan $19,377.93 $50.42
  Average Loan Term 12 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 933,016
  Journaling Rate 100.00% 43.15%
  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 26.39% PY
  Profitability (return on assets) N/A N/A -0.71%
  Average Loan Size (% of per capita income) N/A 138.00% 12.11%

Country Fast Facts

Field Partner Staff

William Ponela