2009-2014
As of June 2014, Zidisha's lenders had raised $2,106,294 for 6,879 individual loans at an average lender interest rate of 5.1% since the organization was founded in 2009.
The status of the $2,106,294 as of June 2014 was as follows:
$1,082,861 (51.4% of amount disbursed) had been repaid to lenders.
$454,189 (21.6% of amount disbursed) was still outstanding with borrowers who are repaying on time (within a threshold of 30 days and $10).
$184,530 (8.8% of amount disbursed) was still outstanding with borrowers who are more than 30 days and $10 late with scheduled repayments.
$15,063 (0.7% of amount disbursed) had been forgiven by the lenders for humanitarian reasons.
$369,748 (17.6% of amount disbursed) had been written off by Zidisha.
Zidisha's performance has varied by country. For loans disbursed within the year between June 2013 and June 2014, 81.1% of loans in Kenya had been repaid or were being repaid on time, 93% of loans in Burkina Faso had been repaid or were being repaid on time, 92.8% of loans in Niger had been repaid or were being repaid on time, and 92.9% of loans in Indonesia had been repaid or were being repaid on time.[29]
June 2014 to May 2015
In the year from June 2014 to May 2015, Zidisha lenders raised $1,313,316 for 7,693 individual loans at an average lender interest rate of 3.8% (note: Zidisha discontinued interest in February 2015).
The status of the $1,313,316 as of May 2015 was as follows:
$555,190 (42.3% of amount disbursed) had been repaid to lenders.
$521,405 (39.7% of amount disbursed) was still outstanding with borrowers who are repaying on time (within a threshold of 30 days and $10).
$92,437 (7.0% of amount disbursed) was still outstanding with borrowers who are more than 30 days and $10 late with scheduled repayments.
$37 (0.1% of amount disbursed) had been forgiven by the lenders for humanitarian reasons.
$46,885 (3.6% of amount disbursed) had been written off by Zidisha.
Changes in reporting methodology
Zidisha had previously reported a repayment rate of 98% as of August 2012, but this repayment rate counted only those loans whose final repayment dates had occurred 6+ months ago.[30] Zidisha stated that "incorporating such a long time lag made the statistics less useful, and so we modified the calculations to include all loans whose final repayment dates have already arrived, even though they have not yet had time to be written off."[31]
The revised repayment rate (not incorporating the time lag) was 89.3% as of August 2013. Zidisha subsequently made its write-off policy stricter, classifying a loan as written off if it is not repaid six months after its due date, or if the borrower has not made any payments for six months. This stricter writeoff policy resulted in a reported writeoff rate of 17.6% of ended loans as of June 29, 2014.[32][33][34]
