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 $178,750 $654,303,050
Amount of raised Inactive loans $0 $233,225
Number of raised Inactive loans 0 167
Amount of Paying Back Loans $171,175 $127,432,325
Number of Paying Back Loans 79 140,429
Amount of Ended Loans $7,575 $526,637,500
Number of Ended Loans 4 659,155
Delinquency Rate 0.00% 6.80%
Amount in Arrears $0 $5,635,729
Outstanding Portfolio $107,130 $82,926,205
Number of Loans Delinquent 0 25,826
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,866,588
Amount of Ended Loans $7,575 $526,637,500
Number of Ended Loans Defaulted 0 17,637
Currency Exchange Loss Rate 0.11% 0.14%
Amount of Currency Exchange Loss $204 $895,125
Refund Rate 0.00% 0.71%
Amount of Refunded Loans $0 $4,640,300
Number of Refunded Loans 0 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.20%
Average Loan Size $376 $417
Average Individual Loan Size $0 $655
Average Group Loan Size $2,154 $1,843
Average number of borrowers per group 5.7 8
Average GDP per capita (PPP) in local country $1,284 $3,401
Average Loan Size / GDP per capita (PPP) 29.31% 12.27%
Average Time to Fund a Loan 3.27 days 6.02 days
Average Dollars Raised Per Day Per Loan $115.02 $69.30
  Average Loan Term 6.07 months 10.6 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4 324,049
  Journaling Rate 23.53% 41.85%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

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 33.02% PY
  Profitability (return on assets) 1.5% -2.1% -0.68%
  Average Loan Size (% of per capita income) N/A 77.00% 36.66%

Country Fast Facts

Field Partner Staff

Charlotte Hien

Kiva Fellow(s)

Aminatou Diallo