iSchool Zambia
Approved to post Kiva loans from: Zambia
Last updated January 27, 2015
Partner Description:
iSchool is transforming how learning happens in primary schools in Africa through interactive, enquiry-based teaching and eLearning for children in a locally contextualized form and local language using modern tablet technology. iSchool is doing for education in Africa what mobile phones did for communication. Africa can skip over the western school computer-lab model and take iSchool tablet devices straight to the very diverse places where children are learning. The iSchool system improves numeracy, literacy and critical thinking and in some cases doubles teacher and student attendance.
A Unique Lending Approach:
Through lending, iSchool would be able to extend their reach and service schools that are not able to afford the iSchool technology upfront. This would include schools in rural areas that are most in need of educational support and resources. iSchool would use Kiva capital to allow schools to pay back the cost of the iSchool program over time, in monthly installments. iSchool borrowers could also use Kiva capital to purchase solar chargers for their iSchool tablet devices.
iSchool is the first content company in the world to change the way teaching and learning is done by modernizing school pedagogy through placing an entire primary school curriculum in animated, voiced and written lessons on tablets in multiple languages.
Status update — April 13, 2020
Kiva and iSchool Zambia have agreed to end their partnership after 5 years and $118,225 in loans raised. This decision was made due to the challenges iSchool faced in managing a credit program. iSchool joined Kiva as an experimental partner in 2014 with the purpose of financing teachers and schools that were not able to afford the iSchool technology upfront. Between February 2015 and November 2017, 46 schools received Kiva loans for iSchool tablets in Zambia. However, despite iSchools’ efforts to help borrowers successfully repay and a Kiva Fellow sent to support them in 2018, 32 borrowers defaulted on a portion of their loan and iSchool did not have the bandwidth or experience to continue managing a credit program. We thank iSchool for the years of collaboration and wish them success in their future endeavors.Partner Description:
iSchool is transforming how learning happens in primary schools in Africa through interactive, enquiry-based teaching and eLearning for children in a locally contextualized form and local language using modern tablet technology. iSchool is doing for education in Africa what mobile phones did for communication. Africa can skip over the western school computer-lab model and take iSchool tablet devices straight to the very diverse places where children are learning. The iSchool system improves numeracy, literacy and critical thinking and in some cases doubles teacher and student attendance.
A Unique Lending Approach:
Through lending, iSchool would be able to extend their reach and service schools that are not able to afford the iSchool technology upfront. This would include schools in rural areas that are most in need of educational support and resources. iSchool would use Kiva capital to allow schools to pay back the cost of the iSchool program over time, in monthly installments. iSchool borrowers could also use Kiva capital to purchase solar chargers for their iSchool tablet devices.
iSchool is the first content company in the world to change the way teaching and learning is done by modernizing school pedagogy through placing an entire primary school curriculum in animated, voiced and written lessons on tablets in multiple languages.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Feb 27, 2015 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $118,225 | $2,044,091,155 | |
Amount of raised Inactive loans | $0 | $276,125 | |
Number of raised Inactive loans | 0 | 157 | |
Amount of Paying Back Loans | $0 | $159,534,660 | |
Number of Paying Back Loans | 0 | 191,982 | |
Amount of Ended Loans | $118,225 | $1,843,394,190 | |
Number of Ended Loans | 46 | 2,482,279 | |
Delinquency Rate | 0.00% | 12.22% | |
Amount in Arrears | $0 | $12,035,288 | |
Outstanding Portfolio | $0 | $98,468,303 | |
Number of Loans Delinquent | 0 | 65,685 | |
Default Rate | 20.46% | 1.83% | |
Amount of Ended Loans Defaulted | $24,194 | $33,692,204 | |
Number of Ended Loans Defaulted | 36 | 88,878 | |
Currency Exchange Loss Rate | 6.46% | 0.47% | |
Amount of Currency Exchange Loss | $7,632 | $12,608,670 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,936,620 | |
Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 60.87% | 78.46% | |
---|---|---|---|
Average Loan Size | $2,570 | $393 | |
Average Individual Loan Size | $2,570 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $4,100 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 62.69% | 7.02% | |
Average Time to Fund a Loan | 1.55 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $1,658.85 | $43.10 | |
Average Loan Term | 22.07 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 12 | 1,218,131 | |
---|---|---|---|
Journaling Rate | 26.09% | 41.90% | |
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 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 14% APR | 74.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -32.8% | 3.2% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 10.00% | 0.00% |
Country Fast Facts
- Country:
- Zambia
- Capital:
- Lusaka
- Official Language:
- Bembe 33.4%, Nyanja 14.7%, Tonga 11.4%, Lozi 5.5%, Chewa 4.5%, Nsenga 2.9%, Tumbuka 2.5%, Lunda 1.9%, Kaonde 1.8%, Lala 1.8%, Lamba 1.8%, English (official) 1.7%, Luvale 1.5%, Mambwe 1.3%, Namwanga 1.2%, Lenje 1.1%, Bisa 1%, other 9.2%, unspecified 0.4%
- Population:
- 14,638,505
- Avg Annual Income:
- $4,100
- Labor Force:
- agriculture: 85%, industry: 6%, services: 9%
- Population Below Poverty Line:
- 60.50%
- Literacy Rate:
- 63.40%
- Infant Mortality Rate (per 1000):
- 66.62 deaths
- Life Expectancy:
- 55.83 years