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:

Victoria Finance Plc is a licensed microfinance institution founded in 2009 with the main mission of providing loans to underserved micro-entrepreneurs, small-holder farmers and households in Tanzania. The organization offers tailored business, consumer, agricultural and renewable energy products to these target client segments. Access to these loans enables the underserved communities to grow their businesses, improve agricultural productivity and overall quality of life.

A unique lending approach:

Victoria Finance uses Kiva funding to provide agricultural, business and renewable energy loans to small-holder farmers, micro-entrepreneurs and households through the individual and group lending methodology. The group lending approach enables access to capital for micro-entrepreneurs and households who are excluded from mainstream financial services due to lack of collateral.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Feb 16, 2023 Oct 12, 2005
Total Loans $454,590 $1,958,611,875
Amount of raised Inactive loans $1,375 $197,655
Number of raised Inactive loans 1 175
Amount of Paying Back Loans $336,465 $161,174,305
Number of Paying Back Loans 234 188,688
Amount of Ended Loans $116,750 $1,768,236,180
Number of Ended Loans 80 2,370,063
Delinquency Rate 4.23% 12.20%
Amount in Arrears $12,282 $12,200,290
Outstanding Portfolio $206,832 $100,036,204
Number of Loans Delinquent 25 72,767
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,303,600
Number of Ended Loans Defaulted 0 84,786
Currency Exchange Loss Rate 1.18% 0.49%
Amount of Currency Exchange Loss $5,363 $11,931,838
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 42.09% 78.22%
Average Loan Size $668 $392
Average Individual Loan Size $1,069 $589
Average Group Loan Size $2,471 $1,891
Average number of borrowers per group 5.4 8.3
Average GDP per capita (PPP) in local country $1,900 $5,599
Average Loan Size / GDP per capita (PPP) 35.13% 7.00%
Average Time to Fund a Loan 17.14 days 8.93 days
Average Dollars Raised Per Day Per Loan $38.95 $43.87
  Average Loan Term 8.65 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,609
  Journaling Rate 0.00% 42.26%
  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 21.00% PY 27.02% PY
  Profitability (return on assets) -0.22% 0.2% -3.10%
  Average Loan Size (% of per capita income) N/A 134.00% 0.00%

Country Fast Facts

Lending Partner Staff

Maimuna Abasi
Simon Justine
Edgar Kilasara
Julius Mcharo
Magreth Mushi
Charles Mwavanga
Godfrey Swila