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 $276,450 $752,010,600
Amount of raised Inactive loans $11,800 $640,900
Number of raised Inactive loans 7 1,422
Amount of Paying Back Loans $217,775 $132,047,775
Number of Paying Back Loans 106 154,078
Amount of Ended Loans $46,875 $619,321,925
Number of Ended Loans 25 767,649
Delinquency Rate 0.00% 8.08%
Amount in Arrears $0 $6,898,418
Outstanding Portfolio $146,944 $85,391,976
Number of Loans Delinquent 0 23,018
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $7,793,859
Amount of Ended Loans $46,875 $619,321,925
Number of Ended Loans Defaulted 0 21,129
Currency Exchange Loss Rate 0.00% 0.33%
Amount of Currency Exchange Loss $0 $2,478,516
Refund Rate 11.51% 0.66%
Amount of Refunded Loans $31,825 $4,973,325
Number of Refunded Loans 11 5,474

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.23% 74.49%
Average Loan Size $2,069 $416
Average Individual Loan Size $2,069 $649
Average Group Loan Size $0 $1,847
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,300 $5,949
Average Loan Size / GDP per capita (PPP) 159.15% 6.99%
Average Time to Fund a Loan 2.5 days 6.63 days
Average Dollars Raised Per Day Per Loan $826.88 $62.63
  Average Loan Term 17.25 months 10.84 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 29 370,945
  Journaling Rate 75.00% 41.20%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.49

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% APR 51.00% PY 30.98% PY
  Profitability (return on assets) 34.1% 4.2% -1.56%
  Average Loan Size (% of per capita income) N/A 95.00% 19.24%

Country Fast Facts

Field Partner Staff

Ralf Dumas Charles
Katleen Felix
Irvyne JeanBaptiste
Smith Joseph
marcel wah