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 $468,375 $865,925,875
Amount of raised Inactive loans $14,075 $454,625
Number of raised Inactive loans 6 322
Amount of Paying Back Loans $295,100 $137,945,875
Number of Paying Back Loans 134 167,793
Amount of Ended Loans $159,200 $727,525,375
Number of Ended Loans 83 903,640
Delinquency Rate 7.52% 8.05%
Amount in Arrears $12,674 $7,250,265
Outstanding Portfolio $168,523 $90,059,903
Number of Loans Delinquent 21 21,641
Default Rate 2.98% 1.32%
Amount of Ended Loans Defaulted $4,739 $9,619,060
Amount of Ended Loans $159,200 $727,525,375
Number of Ended Loans Defaulted 5 26,678
Currency Exchange Loss Rate 0.40% 0.43%
Amount of Currency Exchange Loss $1,880 $3,748,624
Refund Rate 7.15% 0.65%
Amount of Refunded Loans $33,475 $5,634,100
Number of Refunded Loans 14 5,820

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.99% 74.87%
Average Loan Size $2,118 $408
Average Individual Loan Size $2,118 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,300 $5,937
Average Loan Size / GDP per capita (PPP) 162.89% 6.86%
Average Time to Fund a Loan 3.71 days 6.9 days
Average Dollars Raised Per Day Per Loan $570.16 $59.02
  Average Loan Term 16.4 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 129 439,775
  Journaling Rate 53.26% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.38% PY
  Profitability (return on assets) 38.37% 4.2% -0.69%
  Average Loan Size (% of per capita income) N/A 95.00% 19.18%

Country Fast Facts

Field Partner Staff

Ralf Dumas Charles
Katleen Felix
Irvyne JeanBaptiste
Smith Joseph
Ariadni Liakis
marcel wah