Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description

Micro Start, (Action des Femmes pour le Développement) is a microfinance institution based in Ouagadougou, Burkina Faso. It was founded by eight Burkinabe women, each of them experienced in microcredit or entrepreneurship. Eager to use their experience and commitment to help poor women entrepreneurs, the group founded Micro Start using their own capital, and started providing microcredit services to women entrepreneurs in 2000. Members of this original team continue to manage the organization’s day-to-day activities and drive it forward under the institution’s core values of solidarity, transparency, social justice, equality, and Christian faith.

Micro Start’s principal objective is to become a professional microfinance institution offering financial services, advice, and trainings in order to:

•    Create or reinforce the income-generating activities of Burkinabe women
•    Collect obligatory and voluntary savings in order to foster clients’ financial independence
•    Create or improve solidarity among solidarity group members
•    Provide women with access to necessary materials and equipment for their businesses
•    Build women entrepreneurs’ skills in management, business administration, etc.
•    Create jobs
•    Improve the living conditions of its clients’ communities

Micro start currently offers the following products to its clients:
•    Solidarity group loans: Micro Start’s leading loan product. Provided to self-selected groups of 2-10 women entrepreneurs. Starting loan amount is approximately $50.
•    Individual loans: Provided to female and male clients with larger capacities, many of whom have “graduated” from solidarity groups.
•    Motorbike loans: Provided to women and men who would like to purchase motorbikes. These motorbikes are important tools for entrepreneurs who must transport products to and from markets for sale.
•    Bicycle loans: Provided to women and men who would like to purchase bicycles.
•    Gas stove loans: Provided to clients who would like to purchase gas stoves in order to stop cooking with wood and charcoal (which is harmful to the environment).
•    Obligatory and voluntary savings accounts
 
Through its network of 5 branch offices, Micro Start serves the areas of Ouagadougou, Koupéla, Zorgho, Mogtédo, and Boulsa. True to its original purpose of serving poor women, Micro Start serves a 92% female client base with a continually evolving selection of appropriate, high-quality financial products and services.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 21, 2011 Oct 12, 2005
Total Loans $2,924,350 $1,960,332,725
Amount of raised Inactive loans $0 $363,745
Number of raised Inactive loans 0 340
Amount of Paying Back Loans $44,275 $155,574,760
Number of Paying Back Loans 59 179,650
Amount of Ended Loans $2,880,075 $1,774,353,705
Number of Ended Loans 3,239 2,381,315
Delinquency Rate 7.60% 11.63%
Amount in Arrears $1,774 $10,909,601
Outstanding Portfolio $22,774 $93,825,344
Number of Loans Delinquent 15 45,861
Default Rate 2.33% 1.82%
Amount of Ended Loans Defaulted $67,033 $32,353,274
Number of Ended Loans Defaulted 67 84,927
Currency Exchange Loss Rate 0.47% 0.49%
Amount of Currency Exchange Loss $13,760 $12,023,352
Refund Rate 0.39% 0.54%
Amount of Refunded Loans $11,500 $10,526,300
Number of Refunded Loans 11 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 70.24% 78.24%
Average Loan Size $235 $392
Average Individual Loan Size $861 $589
Average Group Loan Size $894 $1,892
Average number of borrowers per group 4.5 8.3
Average GDP per capita (PPP) in local country $1,500 $5,599
Average Loan Size / GDP per capita (PPP) 15.67% 7.00%
Average Time to Fund a Loan 6.23 days 8.93 days
Average Dollars Raised Per Day Per Loan $37.73 $43.86
  Average Loan Term 7.7 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 1,687 1,181,163
  Journaling Rate 40.52% 42.24%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% PY 20.00% PY 27.02% PY
  Profitability (return on assets) -2.01% -2.1% -3.10%
  Average Loan Size (% of per capita income) N/A 77.00% 0.00%

Country Fast Facts

Lending Partner Staff

Jean-Pierre Compaoré
Isabelle NOMBRE
Marcelline Zouma