Moringa School
Status update — July, 2019
Kiva and Moringa School have agreed to end their partnership after close to 4 years and over $49k in loans raised. This Lending Partner has repaid all its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Moringa School for the years of collaboration and wish them success in their future endeavors.
Partner description:
Founded in April 2014, Moringa School enables young people who are passionate about technology to become top mobile and web developers in Nairobi's fast-growing tech scene. Moringa School’s skills training is conducted through an immersive and intensive 16-week program, followed by placement into high-value employment.
In Kenya, access to quality higher education and especially education in technology, is severely lacking. Yet, Nairobi has become the African hub for innovation, with jobs being filled largely by international workers. Because of these two factors, the unemployment rate remains high for Kenyan graduates.
Moringa School gives young Kenyans and other young people from across the region a chance to tap into the booming technology market and gain valuable coding skills. Graduates have a 100% job placement rate and an average 350% salary increase over their previous employment.
Unique lending approach
Moringa School is a world-class coding accelerator with an education to employment model and a 95% job placement rate. Loans funded on Kiva will help students complete Moringa School's 5-week Moringa Prep and 19-week Moringa Core coding programs, positioning them to access well-paid technology jobs. Through highly trained teachers and a curated curriculum, Kiva loans through Moringa aim to help create the next generation of world-class developers in Africa. Moringa works with over 40 technology companies as hiring partners.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Dec 16, 2015 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $49,550 | $2,043,632,365 | |
Amount of raised Inactive loans | $0 | $314,375 | |
Number of raised Inactive loans | 0 | 175 | |
Amount of Paying Back Loans | $0 | $159,113,005 | |
Number of Paying Back Loans | 0 | 191,440 | |
Amount of Ended Loans | $49,550 | $1,843,318,805 | |
Number of Ended Loans | 24 | 2,482,233 | |
Delinquency Rate | 0.00% | 12.31% | |
Amount in Arrears | $0 | $12,068,428 | |
Outstanding Portfolio | $0 | $98,006,179 | |
Number of Loans Delinquent | 0 | 65,730 | |
Default Rate | 72.83% | 1.83% | |
Amount of Ended Loans Defaulted | $36,088 | $33,658,280 | |
Number of Ended Loans Defaulted | 18 | 88,833 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,608,670 | |
Refund Rate | 60.24% | 0.54% | |
Amount of Refunded Loans | $29,850 | $10,936,620 | |
Number of Refunded Loans | 14 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 13.16% | 78.46% | |
---|---|---|---|
Average Loan Size | $2,089 | $393 | |
Average Individual Loan Size | $2,089 | $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 | $1,800 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 116.08% | 7.02% | |
Average Time to Fund a Loan | 10.5 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $199.01 | $43.11 | |
Average Loan Term | 24.63 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 52 | 1,218,131 | |
---|---|---|---|
Journaling Rate | 75.00% | 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 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 13% APR | 36.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | N/A | 0.5% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 56.00% | 0.00% |
Country Fast Facts
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official)
- Population:
- 45,010,056
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 75%, industry and services: 25%
- Population Below Poverty Line:
- 43.40%
- Literacy Rate:
- 87.40%
- Infant Mortality Rate (per 1000):
- 40.71 deaths
- Life Expectancy:
- 63.52 years