iDE Ghana
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner description:
iDE transforms the lives of marginalized communities around the world by creating lasting income and livelihood opportunities for rural families. We leverage human-centered data and market research to create functional, inclusive market systems that adapt to changing market conditions. We champion rural actors to serve as customers, entrepreneurs, sales agents, and producers because we believe that if we want to end poverty, we must empower the millions of people who now live on $2 a day to seize opportunities and prosper on their own terms. By harnessing the power of creativity and entrepreneurship, iDE develops a deep understanding of the local market and designs products and services to ensure people can benefit from them.
A unique lending approach:
iDE Ghana works with a network of farmers across Northern Ghana in multiple agricultural value chains. We have achieved significant success in providing technical support in the area of good agronomic practices through iDE field technical team who work directly with Farm Business Advisors whilst providing the critical market linkages to ensure farmers are selling at competitive market prices for increased income and profitability. A very significant drawback for the purchase and use of timely production inputs is access to credit. iDE Ghana through Kiva is seeking to provide affordable loans to help farmers optimize the attainable yields per unit area of land for enhanced income and household nutrition.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Aug 16, 2017 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $285,950 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $75,825 | $154,628,025 | |
Number of Paying Back Loans | 60 | 186,271 | |
Amount of Ended Loans | $210,125 | $1,851,013,910 | |
Number of Ended Loans | 506 | 2,491,542 | |
Delinquency Rate | 0.00% | 12.11% | |
Amount in Arrears | $0 | $11,277,316 | |
Outstanding Portfolio | $75,825 | $93,149,537 | |
Number of Loans Delinquent | 0 | 54,545 | |
Default Rate | 5.38% | 1.82% | |
Amount of Ended Loans Defaulted | $11,311 | $33,742,451 | |
Number of Ended Loans Defaulted | 93 | 88,997 | |
Currency Exchange Loss Rate | 5.28% | 0.47% | |
Amount of Currency Exchange Loss | $15,085 | $12,725,634 | |
Refund Rate | 0.00% | 0.53% | |
Amount of Refunded Loans | $0 | $10,938,345 | |
Number of Refunded Loans | 0 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 33.28% | 78.48% | |
---|---|---|---|
Average Loan Size | $101 | $393 | |
Average Individual Loan Size | $346 | $586 | |
Average Group Loan Size | $1,347 | $1,910 | |
Average number of borrowers per group | 26 | 8.3 | |
Average GDP per capita (PPP) in local country | $3,500 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 2.90% | 7.02% | |
Average Time to Fund a Loan | 5.89 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $17.23 | $43.09 | |
Average Loan Term | 13.66 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 663 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 86.90% | 41.91% | |
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 | 28% APR | 53.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 6.55% | 0.3% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 13.00% | 0.00% |
Country Fast Facts
- Country:
- Ghana
- Capital:
- Accra
- Official Language:
- Asante 14.8%, Ewe 12.7%, Fante 9.9%, Boron (Brong) 4.6%, Dagomba 4.3%, Dangme 4.3%, Dagarte (Dagaba) 3.7%, Akyem 3.4%, Ga 3.4%, Akuapem 2.9%
- Population:
- 25,758,108
- Avg Annual Income:
- $3,500
- Labor Force:
- agriculture: 56%, industry: 15%, services: 29%
- Population Below Poverty Line:
- 28.50%
- Literacy Rate:
- 71.50%
- Infant Mortality Rate (per 1000):
- 38.52 deaths
- Life Expectancy:
- 65.75 years
Lending Partner Staff
Abdul-Shatar AbdullaiHilda Wunniche Alhassan
Rasheed Alhassan
Dorcas Amarteley
Kwabena Anafo
Sabina Bharwani
Abdul-Mumin Damba
Jeminu Gariba
Tiffany Koberstein
Desmond Yesseh