Teledata ICT
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:
Teledata ICT is a leading broadband, fiber internet, and business technology service provider operating in the Greater Accra region of Ghana since 2003. In partnership with Google X’s project Taara team, Teledata is focused on targeting lower-income consumers and small businesses that would benefit from both providing and/or selling affordable high-speed WIFI access to their customers.
A unique lending approach:
Teledata uses Kiva financing to provide capital to existing small business owners which will be used in setting up an indoor or outdoor WiFi hotspot, in order to provide high speed, quality and affordable internet bundles in mostly low-income communities. These internet bundles can be used anywhere there is a Teledata network, thereby fulfilling the goal of network expansion while providing an income stream for businesses and a way for community members to access the internet.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Apr 6, 2022 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $387,500 | $2,040,080,360 | |
Amount of raised Inactive loans | $17,825 | $565,830 | |
Number of raised Inactive loans | 31 | 459 | |
Amount of Paying Back Loans | $298,425 | $155,797,470 | |
Number of Paying Back Loans | 436 | 187,495 | |
Amount of Ended Loans | $71,250 | $1,842,928,565 | |
Number of Ended Loans | 126 | 2,481,804 | |
Delinquency Rate | 0.00% | 13.31% | |
Amount in Arrears | $0 | $12,620,555 | |
Outstanding Portfolio | $177,750 | $94,833,317 | |
Number of Loans Delinquent | 0 | 67,667 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $33,629,436 | |
Number of Ended Loans Defaulted | 0 | 88,860 | |
Currency Exchange Loss Rate | 6.08% | 0.47% | |
Amount of Currency Exchange Loss | $26,458 | $12,608,670 | |
Refund Rate | 1.24% | 0.54% | |
Amount of Refunded Loans | $4,800 | $10,935,995 | |
Number of Refunded Loans | 12 | 9,668 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 34.70% | 78.46% | |
---|---|---|---|
Average Loan Size | $648 | $393 | |
Average Individual Loan Size | $648 | $586 | |
Average Group Loan Size | $0 | $1,909 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $3,500 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 18.53% | 7.02% | |
Average Time to Fund a Loan | 10.38 days | 9.1 days | |
Average Dollars Raised Per Day Per Loan | $62.48 | $43.13 | |
Average Loan Term | 18.06 months | 11.49 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,215,752 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | 53.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 5.78% | 0.3% | -1.31% | |
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
Gregory EidFelix Hushie
Priscilla Mettle
Comfort Quartey-Papafio
Roberta Quaye