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Partner Description:     

Wedu is an award-winning social enterprise that unlocks the leadership potential of women in Asia by providing inspiring, lifelong mentorship and affordable financial support to complete higher education so that they can become change-makers in their communities. They call the young women participating in their program ‘Rising Stars.' 

Wedu envisions a world where people from the poorest corners of the world have the tools to change their lives and the society of their home country by being leaders of their own development. They aim to support women throughout their leadership lifecycle starting with higher education. They reach out to students, assist them with the application process for university, connect them to mentors and networks that can help them achieve their full potential and, when required, provide financial support to help them complete their higher education. 

A unique lending approach:

In addition to scholarships, Wedu is pioneering the first Future Income Sharing Agreement (FISA) in Southeast Asia. With FISAs, students can receive funding now and repay the investment through a fixed percentage of their income over a fixed number of years – only after they have found employment. In this way, repayments will always be affordable and flexible at any stage of the student’s development and career.

FISAs also support Wedu’s sustainability, as repayments get reinvested in the next generation of students who dream to complete their university studies.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 23, 2014 Oct 12, 2005
Total Loans $146,000 $2,060,426,155
Amount of raised Inactive loans $0 $292,350
Number of raised Inactive loans 0 316
Amount of Paying Back Loans $111,825 $151,381,810
Number of Paying Back Loans 36 179,283
Amount of Ended Loans $34,175 $1,863,457,890
Number of Ended Loans 13 2,516,736
Delinquency Rate 0.00% 11.62%
Amount in Arrears $0 $10,612,742
Outstanding Portfolio $101,693 $91,313,032
Number of Loans Delinquent 0 34,621
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $34,066,795
Number of Ended Loans Defaulted 0 91,292
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,915,654
Refund Rate 9.59% 0.55%
Amount of Refunded Loans $14,000 $11,263,070
Number of Refunded Loans 4 9,868

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.51%
Average Loan Size $3,019 $393
Average Individual Loan Size $3,019 $585
Average Group Loan Size $0 $1,914
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $2,600 $5,592
Average Loan Size / GDP per capita (PPP) 116.11% 7.03%
Average Time to Fund a Loan 1.31 days 9.13 days
Average Dollars Raised Per Day Per Loan $2,304.22 $43.03
  Average Loan Term 100.71 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 4 1,228,446
  Journaling Rate 50.00% 41.93%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.55

Borrowing Cost Comparison (based on 2013 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 27.12% PY
  Profitability (return on assets) 11.68% N/A -1.71%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Wedu Funding
Babita Karmacharya
Naw Khine Thazin Ni Win
Suzana Salim