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

Status update — January 25, 2016

After 18 months on Kiva and 155 loans fundraised, Fonkoze - Zafèn has graduated out of Kiva’s Experimental Partnership program and been given a risk rating of 1.5 stars. 

Partner description:

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 microcredit 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. This partnership with Kiva is a natural fit, as it will allow Fonkoze to focus on working with borrowers, instead of on crowdfunding, thus reducing overall program costs. 

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:

Fonkoze-Zafèn has 2 areas of focus:

• Small and growing businesses (SGBs) — 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.

• Village savings and loan associations — Providing loans to these associations can be difficult for regulated microfinance institutions, as these informal groups typically have no legal status. This type of loan enables Zafèn to provide access to financial services to the poorest segments of the population. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 12, 2014 Oct 12, 2005
Total Loans $622,125 $948,590,975
Amount of raised Inactive loans $2,225 $375,825
Number of raised Inactive loans 3 261
Amount of Paying Back Loans $298,075 $141,979,900
Number of Paying Back Loans 148 175,166
Amount of Ended Loans $321,825 $806,235,250
Number of Ended Loans 164 1,011,122
Delinquency Rate 3.46% 8.10%
Amount in Arrears $6,473 $7,468,353
Outstanding Portfolio $187,124 $92,214,717
Number of Loans Delinquent 17 18,720
Default Rate 4.61% 1.40%
Amount of Ended Loans Defaulted $14,833 $11,312,347
Number of Ended Loans Defaulted 11 32,567
Currency Exchange Loss Rate 0.58% 0.46%
Amount of Currency Exchange Loss $3,618 $4,326,176
Refund Rate 5.38% 0.62%
Amount of Refunded Loans $33,475 $5,911,700
Number of Refunded Loans 14 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.14% 75.25%
Average Loan Size $1,993 $400
Average Individual Loan Size $1,993 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,300 $5,889
Average Loan Size / GDP per capita (PPP) 153.29% 6.79%
Average Time to Fund a Loan 3.98 days 6.92 days
Average Dollars Raised Per Day Per Loan $500.48 $57.76
  Average Loan Term 15.02 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 157 494,507
  Journaling Rate 61.15% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

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 26.05% PY
  Profitability (return on assets) 38.37% 4.2% -0.82%
  Average Loan Size (% of per capita income) N/A 95.00% 17.16%

Country Fast Facts

Field Partner Staff

Varda Bury
Jerry Cene
Ralf Dumas Charles
Irvyne JeanBaptiste
Smith Joseph