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 Field Partner All Kiva Partners
  Start Date On Kiva Aug 2, 2007 Oct 12, 2005
Total Loans $112,050 $1,449,076,475
Amount of raised Inactive loans $0 $1,252,500
Number of raised Inactive loans 0 232
Amount of Paying Back Loans $0 $146,657,400
Number of Paying Back Loans 0 166,145
Amount of Ended Loans $112,050 $1,301,166,575
Number of Ended Loans 294 1,706,037
Delinquency Rate 0.00% 22.51%
Amount in Arrears $0 $21,153,868
Outstanding Portfolio $0 $93,989,868
Number of Loans Delinquent 0 73,688
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,474,771
Number of Ended Loans Defaulted 0 54,476
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,311
Refund Rate 0.31% 0.63%
Amount of Refunded Loans $350 $9,148,850
Number of Refunded Loans 2 8,475

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 78.67% 76.68%
Average Loan Size $369 $395
Average Individual Loan Size $379 $611
Average Group Loan Size $440 $1,773
Average number of borrowers per group 2.8 7.8
Average GDP per capita (PPP) in local country $1,200 $5,730
Average Loan Size / GDP per capita (PPP) 30.71% 6.89%
Average Time to Fund a Loan 0.17 days 7.43 days
Average Dollars Raised Per Day Per Loan $2,125.23 $53.15
  Average Loan Term 4.86 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 107 910,252
  Journaling Rate 32.31% 43.84%
  Average Number of Comments Per Journal 0.73 0.03
  Average Number of Recommendations Per Journal 7.61 0.70

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 68.00% PY 25.38% PY
  Profitability (return on assets) N/A 2.1% -1.35%
  Average Loan Size (% of per capita income) N/A 86.00% 12.34%

Country Fast Facts

Field Partner Staff

Brito Chirindza
Brito Chitindza
Leopoldina da Silva
Esmerelda Licoze
Matola Office
Matola Office
Ana Maria Salvador
Leopoldina Silva
Adelsio Thui
Charline Yim