Kingsbridge Microfinance is a licensed, non-bank financial institution that can take deposits and is regulated by the Bank of Ghana.  It was established in 2008 under the name Kingsbridge Corporate services with the mission of offering microfinance products.  As a result of changes in the regulatory framework in Ghana, the company changed its name to Kingsbridge Microfinance ltd, a limited liability company incorporated in 2011. The company was issued a deposit-taking license by the Bank of Ghana in 2013.

A unique lending approach:
Kingsbridge partnered with Vittana, an international non-profit that starts higher education loan programs, to design and rollout student loans for the final year(s) of a student’s higher education studies. Currently, very few financial institutions in Ghana offer student loans.

The Kingsbridge loans are aimed at assisting low-income students attending accredited tertiary education institutions in Ghana with their tuition and living expenses.

Kingsbridge offers loans for students who have some source of income and are able to pay the loan installment on an ongoing basis, as well as loans for students with no income who can repay the loan once they complete their education and secure employment. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 5, 2014 Oct 12, 2005
Total Loans $92,025 $778,640,875
Amount of raised Inactive loans $0 $228,825
Number of raised Inactive loans 0 137
Amount of Paying Back Loans $91,400 $133,313,000
Number of Paying Back Loans 74 157,230
Amount of Ended Loans $625 $645,099,050
Number of Ended Loans 1 798,502
Delinquency Rate 2.09% 8.87%
Amount in Arrears $1,526 $7,839,646
Outstanding Portfolio $73,202 $88,389,198
Number of Loans Delinquent 10 30,316
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $8,153,303
Amount of Ended Loans $625 $645,099,050
Number of Ended Loans Defaulted 0 21,932
Currency Exchange Loss Rate 1.39% 0.37%
Amount of Currency Exchange Loss $1,281 $2,861,801
Refund Rate 7.14% 0.66%
Amount of Refunded Loans $6,575 $5,128,525
Number of Refunded Loans 1 5,568

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.25% 74.54%
Average Loan Size $1,248 $414
Average Individual Loan Size $1,227 $648
Average Group Loan Size $6,575 $1,841
Average number of borrowers per group 4 7.9
Average GDP per capita (PPP) in local country $3,500 $5,947
Average Loan Size / GDP per capita (PPP) 35.66% 6.95%
Average Time to Fund a Loan 5.72 days 6.73 days
Average Dollars Raised Per Day Per Loan $218.09 $61.46
  Average Loan Term 28.75 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 381,565
  Journaling Rate 0.00% 40.80%
  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 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% PY 53.00% PY 29.09% PY
  Profitability (return on assets) -4.8% 0.3% -1.41%
  Average Loan Size (% of per capita income) N/A 13.00% 19.25%

Country Fast Facts

Field Partner Staff

Ivy Hyde-Attram