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:
VisionFund Senegal (VFS) is a microfinance institution established in July 2016 as a subsidiary of World Vision International, a Christian relief development and advocacy organization. Working together, they aim to provide the foundations for local economies to flourish in healthy and safe communities. 

A unique lending approach:
VFS uses Kiva financing to provide group loans to a rural client base that is 68% rural and 80% female, with the goal of supporting family welfare. It facilitates wholesale & retail small business loans (limited to women) as well as agriculture and artisan and handicraft loans. The organization measures success using “number of active borrowers” closely followed by “number of children impacted.” 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 6, 2020 Oct 12, 2005
Total Loans $466,800 $1,609,079,370
Amount of raised Inactive loans $0 $859,175
Number of raised Inactive loans 0 756
Amount of Paying Back Loans $155,050 $165,318,825
Number of Paying Back Loans 68 202,818
Amount of Ended Loans $311,750 $1,442,901,370
Number of Ended Loans 170 1,907,547
Delinquency Rate 1.57% 17.21%
Amount in Arrears $2,248 $17,834,956
Outstanding Portfolio $143,075 $103,633,584
Number of Loans Delinquent 9 75,528
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,705,555
Number of Ended Loans Defaulted 0 61,798
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $1,574 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $9,486,100
Number of Refunded Loans 0 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 88.66% 77.44%
Average Loan Size $182 $392
Average Individual Loan Size $0 $600
Average Group Loan Size $1,961 $1,805
Average number of borrowers per group 10.8 8
Average GDP per capita (PPP) in local country $2,300 $5,673
Average Loan Size / GDP per capita (PPP) 7.92% 6.91%
Average Time to Fund a Loan 34.18 days 8.07 days
Average Dollars Raised Per Day Per Loan $5.33 $48.58
  Average Loan Term 10.42 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 6 980,751
  Journaling Rate 3.30% 42.28%
  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 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 23.00% PY 26.41% PY
  Profitability (return on assets) -9.3% -0.1% -0.56%
  Average Loan Size (% of per capita income) N/A 46.00% 11.35%

Country Fast Facts

Field Partner Staff

Nicetas Bocovo
Fatou Diagne
Jules Gomis
Simeon Manga