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 $96,150 $1,421,889,075
Amount of raised Inactive loans $1,750 $1,222,500
Number of raised Inactive loans 2 101
Amount of Paying Back Loans $94,400 $153,694,050
Number of Paying Back Loans 44 195,901
Amount of Ended Loans $0 $1,266,972,525
Number of Ended Loans 0 1,637,984
Delinquency Rate 2.63% 26.45%
Amount in Arrears $2,424 $25,845,241
Outstanding Portfolio $31,268 $97,727,056
Number of Loans Delinquent 5 125,686
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $22,245,293
Number of Ended Loans Defaulted 0 53,957
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,566,508
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,904,825
Number of Refunded Loans 0 8,424

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 85.32% 76.53%
Average Loan Size $214 $394
Average Individual Loan Size $0 $612
Average Group Loan Size $2,090 $1,763
Average number of borrowers per group 9.8 7.8
Average GDP per capita (PPP) in local country $2,300 $5,740
Average Loan Size / GDP per capita (PPP) 9.31% 6.87%
Average Time to Fund a Loan 29.04 days 7.2 days
Average Dollars Raised Per Day Per Loan $7.37 $54.80
  Average Loan Term 10.61 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 901,163
  Journaling Rate 0.00% 43.93%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.71

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 25.81% PY
  Profitability (return on assets) -16.4% -0.1% -2.17%
  Average Loan Size (% of per capita income) N/A 46.00% 12.55%

Country Fast Facts

Field Partner Staff

Nicetas Bocovo
Jules Gomis
Simeon Manga