Status Update - May 14, 2012

Kiva and Womens Development Businesses (WDB) have agreed to end their partnership. The microfinance institution has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank WDB for joining as Kiva's first Field Partner in South Africa, and for reliably administering loans to entrepreneurial women. 

Partner Description:

The WDB Micro Finance (WDB MF) was established in 1991. WDB MF is a microcredit program replicating the world-renowned Grameen Bank philosophy of banking on poor women.

The core business of WDB MF is making credit accessible and available to rural women who are the poorest of the poor.

The strategic drivers of WDB MF are to:

• Disburse loans to poor rural women using a relationship based methodology, on a professional basis with the aim of supporting their self-development activities and improving the quality of life in their families
• Build women’s financial knowledge and business skills, through participation in the credit scheme
• Support technical, managerial, leadership and other skills, through training to enhance women’s income generating activities and productivity
• Strengthen community and women’s organizations and services by working with them in offering credit, training and technical assistance
• Support, assist and conduct research programmes which are necessary for the viability of projects and women’s advancement as a whole
• Share knowledge, expertise, experiences and information through coordinating with women’s and development groups and producing accessible and relevant material

For more information, please visit our website.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 29, 2010 Oct 12, 2005
Total Loans $115,375 $779,258,950
Amount of raised Inactive loans $0 $206,775
Number of raised Inactive loans 0 129
Amount of Paying Back Loans $0 $133,922,850
Number of Paying Back Loans 0 158,187
Amount of Ended Loans $115,375 $645,129,325
Number of Ended Loans 105 798,532
Delinquency Rate 0.00% 8.79%
Amount in Arrears $0 $7,823,056
Outstanding Portfolio $0 $88,997,909
Number of Loans Delinquent 0 30,237
Default Rate 0.00% 1.27%
Amount of Ended Loans Defaulted $0 $8,169,177
Amount of Ended Loans $115,375 $645,129,325
Number of Ended Loans Defaulted 0 21,940
Currency Exchange Loss Rate 0.10% 0.37%
Amount of Currency Exchange Loss $119 $2,861,801
Refund Rate 4.33% 0.66%
Amount of Refunded Loans $5,000 $5,133,525
Number of Refunded Loans 3 5,569

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.54%
Average Loan Size $223 $413
Average Individual Loan Size $0 $648
Average Group Loan Size $1,115 $1,840
Average number of borrowers per group 5 7.9
Average GDP per capita (PPP) in local country $12,700 $5,946
Average Loan Size / GDP per capita (PPP) 1.76% 6.95%
Average Time to Fund a Loan 0.38 days 6.73 days
Average Dollars Raised Per Day Per Loan $590.84 $61.44
  Average Loan Term 4.36 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 382,053
  Journaling Rate 1.90% 40.78%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.45

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 N/A 29.09% PY
  Profitability (return on assets) N/A N/A -1.41%
  Average Loan Size (% of per capita income) N/A 9.00% 19.25%

Country Fast Facts

Field Partner Staff

Bulisani Mnguni
Thabo Moahloli
Gcinile Mzimela
Onica Sebego
Protas Zama
Simangele Zikhali