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

Partner Description:

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 $3,416,225 $1,538,902,270
Amount of raised Inactive loans $0 $404,000
Number of raised Inactive loans 0 167
Amount of Paying Back Loans $292,775 $164,469,670
Number of Paying Back Loans 91 202,808
Amount of Ended Loans $3,123,450 $1,374,028,600
Number of Ended Loans 1,959 1,807,818
Delinquency Rate 4.19% 18.16%
Amount in Arrears $8,653 $19,086,649
Outstanding Portfolio $200,913 $105,080,606
Number of Loans Delinquent 25 85,447
Default Rate 0.00% 1.72%
Amount of Ended Loans Defaulted $0 $23,639,993
Number of Ended Loans Defaulted 0 58,923
Currency Exchange Loss Rate 0.03% 0.40%
Amount of Currency Exchange Loss $4,186 $6,506,260
Refund Rate 0.08% 0.61%
Amount of Refunded Loans $2,775 $9,385,675
Number of Refunded Loans 2 8,723

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 93.38% 77.16%
Average Loan Size $375 $391
Average Individual Loan Size $31,906 $604
Average Group Loan Size $1,607 $1,776
Average number of borrowers per group 4.5 7.9
Average GDP per capita (PPP) in local country $1,500 $5,693
Average Loan Size / GDP per capita (PPP) 25.00% 6.87%
Average Time to Fund a Loan 5.78 days 7.91 days
Average Dollars Raised Per Day Per Loan $64.84 $49.44
  Average Loan Term 6.48 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,254 947,072
  Journaling Rate 48.08% 42.82%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 20.00% PY 27.05% PY
  Profitability (return on assets) 4.4% -2.1% -0.69%
  Average Loan Size (% of per capita income) N/A 77.00% 11.51%

Country Fast Facts

Field Partner Staff

Gaston Assagwe
Olivier Ouamega
Bibata Traore