N/A, direct to Zonful Energy
Lending Partner since 2016 • Zimbabwe
Fundraising Status:closed
Risk Rating:
What to know about this Lending Partner
Impact Category:
Clean Energy
Default Rate:
14.29%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$50,000
Loans at Risk Rate:
0%
Kiva Borrowers:
2
Delinquency Rate:
0%
Interests and Fees:
N/A
Zonful has failed to meet its payment obligations to Kiva lenders since May 2017 and the entire loan amount of $50,000 is now delinquent.
Over the past year, Kiva has been in regular communication with Zonful, whose staff have explained that delays were due to their bank’s difficulty with transferring USD out of Zimbabwe. However, Zonful has yet to provide confirmation from the bank corroborating this issue. A Kiva staff member plans to visit Zonful next month to investigate the situation further and we will share additional updates with lenders as they become available.
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There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile.