Fonkoze ( is Haiti’s largest microfinance institution, offering a full range of financial and development services to Haiti’s rural poor. Since 2004, they have worked to provide tens of thousands of Haitian women with a comprehensive approach to poverty alleviation.
Fonkoze is a family of organizations that includes:
· Fondasyon Kole Zepol (Fonkoze, the "Foundation”) -  founded in 1994 by a group of grassroots Haitian organizations and Father Joseph Philippe to provide financial services and education to the organized poor.  The foundation also runs Zafèn (, the lending platform that is partnering with Kiva.
· Fonkoze USA - founded in 1997, a 501(c)3 U.S. organization that raises funds for loans and grants to Fonkoze in Haiti.
· Sèvis Finansye Fonkoze, S.A. (Fonkoze Financial Services - "SFF")- spun off from the Foundation in 2004, SFF uses a business model to provide micro-credit loans primarily to Haitian women as well as other financial services.
After the January 2010 earthquake, the Fonkoze Foundation launched an online “peer-to-project” lending platform called Zafèn to support small and growing businesses in Haiti. It was designed to facilitate contributions from the Haitian Diaspora and friends of Haiti. Zafèn is now using Kiva as its lending platform, which will enable the Zafèn program to reach more people.
Zafèn was founded by four organizations: Fonkoze (, the Haitian Hometown Associations Resource Group (HHTARG) (, the International Vincentian Family ( and DePaul University (
A unique lending approach:
The loans now on Kiva originated as part of the Fonkoze platform Zafèn, a specific soft loan and training program for small and growing businesses (SGBs) that are not ready yet for commercial loans and can thus not be served by Fonkoze Financial Services.  Soft loans are loans that have below-market interest rate.
Zafèn is a “peer to project” platform that focuses on engaging the Haitian diaspora community and friends of Haiti abroad to support small and growing businesses in Haiti.
Zafèn’s partnership with Kiva is a natural fit, as it will allow Fonkoze to focus on working with borrowers, instead of on crowd funding, thus reducing overall program costs. 
Zafèn targets businesses that demonstrate potential for growth and fulfill a set of qualification criteria around job creation, environmental benefits, and potential for replication and community value addition. With Kiva’s support, Fonkoze will be able to continue its program and support many more small and growing businesses in Haiti.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 12, 2014 Oct 12, 2005
Total Loans $145,025 $625,070,650
Amount of raised Inactive loans $11,500 $371,925
Number of raised Inactive loans 5 311
Amount of Paying Back Loans $133,525 $121,669,425
Number of Paying Back Loans 55 133,038
Amount of Ended Loans $0 $503,029,300
Number of Ended Loans 0 633,907
Delinquency Rate 0.00% 4.76%
Amount in Arrears $0 $3,751,762
Outstanding Portfolio $121,380 $78,748,351
Number of loanDelinquent 0 17,806
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,607,499
Amount of Ended Loans $0 $503,029,300
Number of Ended Loans Defaulted 0 17,326
Currency Exchange Loss Rate 0.00% 0.11%
Amount of Currency Exchange Loss $0 $679,982
Refund Rate 17.79% 0.73%
Amount of Refunded Loans $25,800 $4,592,300
Number of Refunded Loans 7 5,127

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 46.38% 74.18%
Average Loan Size $2,550 $418
Average Individual Loan Size $2,550 $654
Average Group Loan Size $0 $1,837
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,600 $3,409
Average Loan Size / GDP per capita (PPP) 159.35% 12.27%
Average Time to Fund a Loan 2.48 days 5.79 days
Average Dollars Raised Per Day Per Loan $1,026.40 $72.20
  Average Loan Term 16 months 10.52 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 313,554
  Journaling Rate 0.00% 42.15%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.77

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 40% PY 51.00% PY 33.35% PY
  Profitability (return on assets) -73% 4.2% -1.49%
  Average Loan Size (% of per capita income) N/A 95.00% 38.01%

Country Fast Facts

Field Partner Staff

Ralf Dumas Charles
Katleen Felix
Irvyne JeanBaptiste
Smith Joseph
Mario Volcy
Gillian Williams