Status Update on FDM by Kiva Staff on August 6, 2009:FDM ‘s partnership with Kiva was closed in August 2009 on a mutually agreeable basis. After some difficulty getting money out of Mozambique to the United States, FDM successfully repaid all funds back to Kiva lenders.

FDM, Sarl was established as a Group Guaranteed Lending and Savings (GGLS) program in the Gaza province. The program offered individual loans to groups of two or more individuals who guarantee one another’s repayment and individuals loan with collateral guarantees (Furniture, house assets).

Clients were also given access to a group savings account. Since the inception of the program it has continually refined its loan product and methodology to better meet its clients’ needs and ensure sustainability. Difficulties encountered in the beginning were overcome, and the program has learned from these experiences. Today, FDM is a strong , currently reaching some 2.121 clients (81% female) in rural and per-urban areas in Gaza and Maputo province with an outstanding portfolio of $378.674 Demand is heavy for the initial 16 week individual loan of 640.000,00 or 1,800,000 Meticais ($30 or $84) her group loan and 3.000.000 or 6.000.000 ($120 or $240) for individual loan, and most borrowers continue in the program to take larger loans that increase each cycle.


The IMF is currently separated from Save the Children and is becoming a sustainable Mozambican institution. This was an extremely crucial period for FDM, as planning, training, and scale-up occurred on three fronts: MFI organizational development (e.g., staffing, board development, organizational culture, etc.); systems development and installation (e.g., tracking portfolio quality, client retention, and sustainability indicators); and programmatic strengthening (e.g., loan officer skills building, strengthening group formation, implementing expansion plans, etc.).

Now after 2 ½ years FDM has two external audits, the Board of Directors has regular meetings, and FDM is becoming operationally self-sustentable and increasing its performance. FDM can be reached via email at:

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 2, 2007 Oct 12, 2005
Total Loans $112,050 $1,958,960,270
Amount of raised Inactive loans $0 $198,810
Number of raised Inactive loans 0 174
Amount of Paying Back Loans $0 $161,515,145
Number of Paying Back Loans 0 189,106
Amount of Ended Loans $112,050 $1,768,242,580
Number of Ended Loans 294 2,370,068
Delinquency Rate 0.00% 12.15%
Amount in Arrears $0 $12,196,492
Outstanding Portfolio $0 $100,379,645
Number of Loans Delinquent 0 72,762
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,307,398
Number of Ended Loans Defaulted 0 84,791
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,998,745
Refund Rate 0.31% 0.54%
Amount of Refunded Loans $350 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 78.67% 78.24%
Average Loan Size $369 $392
Average Individual Loan Size $379 $589
Average Group Loan Size $440 $1,891
Average number of borrowers per group 2.8 8.3
Average GDP per capita (PPP) in local country $1,200 $5,599
Average Loan Size / GDP per capita (PPP) 30.71% 7.00%
Average Time to Fund a Loan 0.17 days 8.93 days
Average Dollars Raised Per Day Per Loan $2,125.23 $43.86
  Average Loan Term 4.86 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 107 1,178,680
  Journaling Rate 32.31% 42.25%
  Average Number of Comments Per Journal 0.73 0.02
  Average Number of Recommendations Per Journal 7.61 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 68.00% PY 27.02% PY
  Profitability (return on assets) N/A 2.1% -3.10%
  Average Loan Size (% of per capita income) N/A 86.00% 0.00%

Country Fast Facts

Lending Partner Staff

Charline Yim