ACFIME is a microfinance institution in Burkina Faso, a landlocked, extremely poor nation located to the north of Côte d'Ivoire and Ghana. Financial services for low-income communities are very limited and the only socially-oriented MFIs in Burkina show little potential for growth. ACFIME fills the gap not covered by large MFIs serving wealthier populations.
 
ACFIME has 90% female clients and 24% rural clients, most of whom are illiterate. Because ACFIME gives loans to very under-served populations, it has the potential to have a huge impact.
 
A unique lending approach:
 
ACFIME offers two types of loans on Kiva: solidarity group loans and agricultural loans. The solidarity group loan is offered to groups of 5-10 clients (mostly women) in urban and rural areas.The agricultural loans not only help farmers financially, but also guarantee a buyer for their crops and help farmers get training on how to select and care for crops. ACFIME is focusing much of its attention on the agricultural loans as it expands its reach into rural areas. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 3, 2014 Oct 12, 2005
Total Loans $11,775 $582,146,150
Amount of raised Inactive loans $0 $415,000
Number of raised Inactive loans 0 382
Amount of Paying Back Loans $11,775 $116,344,325
Number of Paying Back Loans 5 122,618
Amount of Ended Loans $0 $465,386,825
Number of Ended Loans 0 591,866
Delinquency Rate 0.00% 3.78%
Amount in Arrears $0 $2,849,683
Outstanding Portfolio $11,479 $75,381,279
Number of loanDelinquent 0 11,821
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,794
Amount of Ended Loans $0 $465,386,825
Number of Ended Loans Defaulted 0 16,796
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $479,128
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.17%
Average Loan Size $589 $418
Average Individual Loan Size $0 $656
Average Group Loan Size $2,355 $1,827
Average number of borrowers per group 4 8
Average GDP per capita (PPP) in local country $1,284 $3,434
Average Loan Size / GDP per capita (PPP) 45.85% 12.18%
Average Time to Fund a Loan 1.85 days 5.55 days
Average Dollars Raised Per Day Per Loan $318.36 $75.36
  Average Loan Term 7.5 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 291,158
  Journaling Rate 0.00% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 33% PY 20.00% PY 33.64% PY
  Profitability (return on assets) 1.4% -2.1% -1.40%
  Average Loan Size (% of per capita income) N/A 77.00% 41.35%

Country Fast Facts

Field Partner Staff

Charlotte Hien