Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Founded in 2018, FISD Finance for Agriculture Development (FIFAD) is a microfinance institution in Malawi that provides below-market-rate loans to marginalized communities. The organization offers four loan products, but the majority of its portfolio is agriculture loans. Kiva funding is used exclusively for these agriculture loans.

A unique lending approach:

FIFAD serves rural, low-income communities by offering loans that are well below Malawi's average rate. Agriculture loans are primarily used to purchase inputs such as irrigation systems that allow clients to build a more robust, sustainable business. FIFAD also provides wrap-around services to its clients such as equipment installation and maintenance, crop production and management, and market access. In turn, borrowers are able to access both the materials and knowledge necessary to grow their business and climb the economic ladder.

Since its founding, FIFAD has grown to serve borrowers in two Malawian cities - Lilongwe and Blantyre. With Kiva's partnership, formed in 2020, the organization will be able to expand its agriculture lending program and provide low-interest loans to smallholder farmers in Nkhotakota, Karonga, and Salima. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva May 19, 2021 Oct 12, 2005
Total Loans $145,750 $1,962,045,250
Amount of raised Inactive loans $2,200 $898,755
Number of raised Inactive loans 1 437
Amount of Paying Back Loans $92,550 $154,663,925
Number of Paying Back Loans 31 180,233
Amount of Ended Loans $51,000 $1,775,886,350
Number of Ended Loans 17 2,382,964
Delinquency Rate 0.00% 11.48%
Amount in Arrears $0 $10,646,073
Outstanding Portfolio $70,409 $92,699,447
Number of Loans Delinquent 0 44,536
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,352,443
Number of Ended Loans Defaulted 0 84,926
Currency Exchange Loss Rate 6.02% 0.49%
Amount of Currency Exchange Loss $8,771 $12,026,994
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 24.00% 78.24%
Average Loan Size $250 $392
Average Individual Loan Size $2,550 $589
Average Group Loan Size $3,023 $1,892
Average number of borrowers per group 13.2 8.3
Average GDP per capita (PPP) in local country $900 $5,599
Average Loan Size / GDP per capita (PPP) 27.73% 7.00%
Average Time to Fund a Loan 4.01 days 8.94 days
Average Dollars Raised Per Day Per Loan $62.30 $43.85
  Average Loan Term 18.7 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,181,733
  Journaling Rate 0.00% 42.25%
  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 76.00% PY 27.02% PY
  Profitability (return on assets) 0.02% -1.7% -3.10%
  Average Loan Size (% of per capita income) N/A 12.00% 0.00%

Country Fast Facts

Lending Partner Staff

Kondwani Nanchukwa