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 $234,850 $719,633,750
Amount of raised Inactive loans $3,225 $521,675
Number of raised Inactive loans 4 351
Amount of Paying Back Loans $216,350 $132,195,475
Number of Paying Back Loans 100 151,712
Amount of Ended Loans $15,275 $586,916,600
Number of Ended Loans 9 727,730
Delinquency Rate 3.63% 7.41%
Amount in Arrears $5,985 $6,319,502
Outstanding Portfolio $164,777 $85,269,409
Number of Loans Delinquent 12 20,931
Default Rate 0.00% 1.14%
Amount of Ended Loans Defaulted $0 $6,699,908
Amount of Ended Loans $15,275 $586,916,600
Number of Ended Loans Defaulted 0 19,481
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 13.54% 0.68%
Amount of Refunded Loans $31,800 $4,898,125
Number of Refunded Loans 10 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.46% 74.39%
Average Loan Size $2,168 $416
Average Individual Loan Size $2,168 $653
Average Group Loan Size $0 $1,848
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,300 $5,938
Average Loan Size / GDP per capita (PPP) 166.76% 7.01%
Average Time to Fund a Loan 2.47 days 6.36 days
Average Dollars Raised Per Day Per Loan $879.11 $65.43
  Average Loan Term 18.47 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 22 353,817
  Journaling Rate 73.68% 41.33%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.57

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 32.02% PY
  Profitability (return on assets) -9.9% 4.2% -1.84%
  Average Loan Size (% of per capita income) N/A 95.00% 19.57%

Country Fast Facts

Field Partner Staff

Ralf Dumas Charles
Katleen Felix
Irvyne JeanBaptiste
Smith Joseph
marcel wah

Kiva Fellow(s)

ariadni liakis