Status Update - January 8, 2019

After 3 years and $65,000 lent on Kiva, Investisseurs et Parteinaires is no longer raising funds for loans to social enterprises on Kiva for internal administrative reasons. Kiva thanks Investisseurs et Partenaires for their partnership.

Partner description:

Investisseurs & Partenaires (I&P) is an impact investment group created in 2002 and dedicated to supporting African SMEs with capital, mentoring and technical assistance. I&P manages two financial instruments: IPDEV targeting small social business and IPAE targeting medium sized companies.
The goal is to give entrepreneurs the resources they need to grow sustainable businesses, generate positive impacts and create local added value. I&P holds a portfolio of more than 45 investee companies across various sectors, from healthcare to transport to microfinance, in more than 12 African countries.

A unique lending approach:

The African economy has been experiencing a 5% growth rate since 2000. SMEs are key players in this growth as they create sustainable employment and add local value. However, these SMEs lack access to long-term financial resources, since they are too large for microfinance institutions and too small for traditional banks, and thus represent a “missing middle” in most African economies.
Traditional financial institutions often ignore these small and medium-sized companies and their financing needs remain unfulfilled. Since its creation, I&P has aimed to promote responsible African entrepreneurs, who are able to build profitable and sustainable businesses. For this reason, I&P has developed a specific approach combining financial tools and strategic support.
In addition to funding, I&P is an active partner in coaching, strengthening the capacity, and monitoring social and financial results. For example, I&P’s selection criteria dictate that it only works with businesses that do not use child labor, have anti-discrimination policies, manage supply chains responsibly and fight corruption. These are just a few of the standards it applies.
With Kiva lender funding, I&P will be able to grant loans of $10,000 to $50,000 to African businesses that have outstanding social and/or environmental impacts. In particular, Kiva loans go to business owners who need additional working capital, but cannot access or afford to pay interest on commercial loans.
Without Kiva capital, I&P would not have the capacity to offer these desirable loans. Instead, entrepreneurs -- considered to be too risky by most commercial banks -- would have to somehow raise their own capital. That can be a tough and unlikely proposition in many economies, but particularly in sub-Saharan Africa, where financial resources for small to medium enterprises are particularly scarce. With the help of Kiva funding, these enterprises have a good chance of scaling-up enough to qualify for formal loans and eventually creating more jobs.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 1, 2014 Oct 12, 2005
Total Loans $65,000 $1,587,499,170
Amount of raised Inactive loans $0 $426,700
Number of raised Inactive loans 0 155
Amount of Paying Back Loans $0 $167,699,020
Number of Paying Back Loans 0 205,385
Amount of Ended Loans $65,000 $1,419,373,450
Number of Ended Loans 2 1,873,776
Delinquency Rate 0.00% 17.33%
Amount in Arrears $0 $18,633,133
Outstanding Portfolio $0 $107,519,133
Number of Loans Delinquent 0 84,888
Default Rate 0.00% 1.70%
Amount of Ended Loans Defaulted $0 $24,144,827
Number of Ended Loans Defaulted 0 60,140
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,908,865
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $9,457,725
Number of Refunded Loans 0 8,817

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 77.40%
Average Loan Size $32,500 $392
Average Individual Loan Size $32,500 $602
Average Group Loan Size $0 $1,797
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $2,200 $5,685
Average Loan Size / GDP per capita (PPP) 1,477.27% 6.90%
Average Time to Fund a Loan 13.71 days 8.05 days
Average Dollars Raised Per Day Per Loan $2,371.01 $48.69
  Average Loan Term 27 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 9 967,953
  Journaling Rate 100.00% 42.42%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.68

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR N/A 26.61% PY
  Profitability (return on assets) -18.9% N/A -0.38%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

Laetitia Latreille
David Munnich
Alexis Thirouin