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:

Summit Vision Microfinance Services Ltd (SVMF) is a licensed microfinance institution founded in 2010 with the main mission of providing microfinance services to individuals,MSMEs and small holder farmers in Ghana. Summit Vision MF uses both group-based and individual lending methodologies with a diversified range of products designed to penetrate the Ghanaian open markets and the rural agricultural sectors. Access to these loans enables underserved communities to grow their businesses and improve agricultural productivity and overall quality of life.


A unique lending approach:

Summit Vision Microfinance uses Kiva funding to provide agricultural input loans to smallholder farmers. The loans are for the purchase of farm inputs and the loans are disbursed in kind to a certified input dealer. The funding will enable small-scale farmers to improve their access to high-quality inputs and increase their productivity which in turn generates more income.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 21, 2023 Oct 12, 2005
Total Loans $146,375 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $140,175 $161,570,650
Number of Paying Back Loans 87 189,208
Amount of Ended Loans $6,200 $1,768,476,020
Number of Ended Loans 2 2,370,357
Delinquency Rate 0.00% 12.09%
Amount in Arrears $0 $12,154,807
Outstanding Portfolio $124,346 $100,506,286
Number of Loans Delinquent 0 72,423
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,355,409
Number of Ended Loans Defaulted 0 84,925
Currency Exchange Loss Rate 0.41% 0.50%
Amount of Currency Exchange Loss $605 $12,005,888
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 95.92% 78.24%
Average Loan Size $938 $392
Average Individual Loan Size $1,166 $589
Average Group Loan Size $3,408 $1,892
Average number of borrowers per group 4.5 8.3
Average GDP per capita (PPP) in local country $3,500 $5,600
Average Loan Size / GDP per capita (PPP) 26.81% 7.00%
Average Time to Fund a Loan 17.04 days 8.93 days
Average Dollars Raised Per Day Per Loan $55.07 $43.86
  Average Loan Term 7.26 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,731
  Journaling Rate 0.00% 42.24%
  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 N/A 27.02% PY
  Profitability (return on assets) 0.27% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Frank Osei Boadu