Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:

Zoona, the first company in Southern Africa to become a certified Benefit Corporation (B Corp), helps people send and receive money when they need to most so that communities can thrive. Nearly 80% of people in Africa do not have access to financial services. The network of Zoona outlets in urban and rural areas enables unbanked and financially excluded individuals the ability to transact in an easy, quick and safe manner with family, friends, and other service providers. 
Zoona also offers entrepreneurs the opportunity to build their own businesses as Zoona agents and create wealth and employment by providing mobile payment solutions, financial services, business management tools and support.

Once they receive a loan, Zoona agents help their communities prosper through the application of the “Zoona-in-a-box” business solution. Zoona’s network in urban and rural areas has enabled unbanked and financially excluded individuals to transact in an easy, quick and safe manner with family, friends and other service providers.
A unique lending approach:

Kiva loans fund the initial working capital and necessary equipment for young Zoona franchisees to start transacting. Loans administered by Zoona will fund emerging entrepreneurs who operate as Zoona Agents to increase financial inclusion in Malawi and Zambia.
Kiva loans made through Zoona provide mobile banking service agents with funding for fixed asset purchases, setup expenses, and working capital float to ensure resources to manage cash in/out transaction requests. Borrowers will have enough credit to process mobile money transactions (such as money transfers and bill payments) for consumers and purchase stock (such as soft drinks) for their shops. Through increased financial inclusion Zoona aims to create a ripple effect of job creation and community growth.

Learn more at Zoona's website.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 27, 2012 Oct 12, 2005
Total Loans $926,625 $822,583,400
Amount of raised Inactive loans $1,750 $443,250
Number of raised Inactive loans 1 419
Amount of Paying Back Loans $382,375 $137,015,550
Number of Paying Back Loans 228 162,591
Amount of Ended Loans $542,500 $685,124,600
Number of Ended Loans 240 847,990
Delinquency Rate 0.37% 8.37%
Amount in Arrears $1,292 $7,551,566
Outstanding Portfolio $345,440 $90,238,748
Number of Loans Delinquent 13 24,688
Default Rate 5.55% 1.26%
Amount of Ended Loans Defaulted $30,097 $8,603,025
Amount of Ended Loans $542,500 $685,124,600
Number of Ended Loans Defaulted 14 22,769
Currency Exchange Loss Rate 3.13% 0.41%
Amount of Currency Exchange Loss $28,993 $3,389,095
Refund Rate 4.30% 0.65%
Amount of Refunded Loans $39,875 $5,367,575
Number of Refunded Loans 11 5,688

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 37.36% 74.68%
Average Loan Size $2,005 $409
Average Individual Loan Size $2,010 $646
Average Group Loan Size $2,800 $1,818
Average number of borrowers per group 2 7.9
Average GDP per capita (PPP) in local country $4,100 $5,942
Average Loan Size / GDP per capita (PPP) 48.91% 6.89%
Average Time to Fund a Loan 11.61 days 6.81 days
Average Dollars Raised Per Day Per Loan $172.67 $60.11
  Average Loan Term 23.7 months 10.98 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 354 402,074
  Journaling Rate 69.84% 40.51%
  Average Number of Comments Per Journal 0.14 0.06
  Average Number of Recommendations Per Journal 0.01 1.38

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 74.00% PY 28.54% PY
  Profitability (return on assets) N/A 3.2% -0.69%
  Average Loan Size (% of per capita income) N/A 10.00% 19.50%

Country Fast Facts

Field Partner Staff

Karim Amade
ilhaam Benjamin
Memory Chirwa
Ragmat Davids
Keith Davies
Mary-Ann de Wet
Lee Ann Lancaster
Brad Magrath
Lyndall Marwick
Mwaba Mutale
Farai Mwanza
Jade September
zahir Toefy