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The mission of MICROFUND is to provide financial and technical assistance to the economically active poor in rural, peri-urban and urban environments, who are unable to access the formal financial sector (most notably banks), by offering them high-quality financial services through autonomous and local cooperative structures.
Léonce AKAKPO
Mme Odile Akaye
Joseph Kossi Akogo
Carol Caruso
Jessica Chervin
Amah d'Almeida
Delanyo Kokou Dakou
Sena Komi Djokpo
Togo > Microfund Togo
About the Field Partner
About the Field Partner
| Field Partner: | Microfund Togo |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 36 months |
| Kiva Entrepreneurs: | 2325 |
| Total Loans: | $1,976,875 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Active |
|---|---|
See all fundraising loans from this field partner >>
|
Other Information Sources
Other Information Sources
| MIX Profile: | View MIX Profile |
|---|---|
| Network Affiliation: | MAIN |
| Social Performance Reporting Level: | N/A |
| Consumer Protection Principles: | N/A |
| Field Partner Website: | None |
| Email Contact: | None |
The mission of MICROFUND is to provide financial and technical assistance to the economically active poor in rural, peri-urban and urban environments, who are unable to access the formal financial sector (most notably banks), by offering them high-quality financial services through autonomous and local cooperative structures.MICROFUND is a microfinance institution created on March 21, 1998 with the aim of facilitating credit operations and savings mobilization. Its principal challenges are to combat poverty in Togo, to increase the revenues of marginalized populations in cities and the country, and to research financial partners to provide institutional support and loan funds.
For more information, visit their website coming soon:
http://www.microfundtg.org/
Microfund Togo can be reached via email at microfund99@hotmail.com
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 6, 2006 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,976,875 | $101,929,710 | |
| Amount of Raised Inactive Loans | $0 | $111,475 | |
| Number Of Raised Inactive Loans | 0 | 164 | |
| Amount of Paying Back Loans | $785,625 | $44,703,125 | |
| Number Of Paying Back Loans | 827 | 63,327 | |
| Amount of Ended Loans | $1,191,250 | $57,115,110 | |
| Number Of Ended Loans | 1,491 | 83,635 | |
| Delinquency Rate | 0.00% | 4.28% | |
| Amount of Paying Back Loans Delinquent | $0 | $1,913,000 | |
| Amount of Paying Back Loans | $785,625 | $44,703,125 | |
| Number of Paying Back Loans Delinquent | 0 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $1,191,250 | $57,115,110 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.17% | 1.09% | |
| Amount of Refunded Loans | $3,375 | $1,112,375 | |
| Number Of Refunded Loans | 3 | 1,446 | |
| Updated as of November 21, 2009 1:08 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 69.84% | 78.21% | |
|---|---|---|---|
| Average Loan Size | $852 | $403 | |
| Average Individual Loan Size | $853 | $591 | |
| Average Group Loan Size | $1,200 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 3 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $1,700 | $3,465 | |
| Average Loan Size / GDP Per Capita (PPP) | 50.17% | 11.64% | |
| Average Time To Fund A Loan | 1.41 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $604.06 | $177.73 | |
| Average Loan Term | 14.12 months | 9.31 months | |
| Updated as of November 21, 2009 1:08 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 228 | 51642 | |
|---|---|---|---|
| Journal Coverage | 8.79% | 28.22% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.06 | 0.32 | |
| Average Number Of Recommendations Per Journal | 2.72 | 10.30 | |
| Updated as of November 21, 2009 1:08 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 13% | 17% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 2% | 4% | 23.43% | |
| Average Partner Return On Assets | 1% | 2% | 0.24% |
Field Partner Staff
Sylvestre AGBANYILéonce AKAKPO
Mme Odile Akaye
Joseph Kossi Akogo
Carol Caruso
Jessica Chervin
Amah d'Almeida
Delanyo Kokou Dakou
Sena Komi Djokpo
Country Fast Facts
Country Fast Facts
| Country: Togo |
| Capital: Lome |
| Official Language: French |
| Population: 6.1 million |
| Avg Annual Income: $1,700 |
| Labor Force: agriculture 65%, industry 5%, services 30% |
| Population Below Poverty Line: 32% |
| Literacy Rate: 51.7% |
| Infant Mortality Rate (per 1000): 71.55 deaths deaths |
| Life Expectancy: 54.69 years years |
| Currency: Communauté Financière Africaine Francs BCEAO |
| Exchange Rate: 442.7627 XOF = 1 USD |
| 
