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 $1,518,600 $937,965,025
Amount of raised Inactive loans $0 $498,200
Number of raised Inactive loans 0 431
Amount of Paying Back Loans $288,000 $143,328,850
Number of Paying Back Loans 196 175,425
Amount of Ended Loans $1,230,600 $794,137,975
Number of Ended Loans 748 994,902
Delinquency Rate 1.20% 7.93%
Amount in Arrears $2,227 $7,433,246
Outstanding Portfolio $185,951 $93,783,450
Number of Loans Delinquent 11 19,274
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.25% 0.46%
Amount of Currency Exchange Loss $3,827 $4,278,396
Refund Rate 0.12% 0.63%
Amount of Refunded Loans $1,850 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 93.66% 75.18%
Average Loan Size $324 $401
Average Individual Loan Size $700 $634
Average Group Loan Size $1,611 $1,772
Average number of borrowers per group 5 7.8
Average GDP per capita (PPP) in local country $1,500 $5,898
Average Loan Size / GDP per capita (PPP) 21.62% 6.80%
Average Time to Fund a Loan 3.77 days 6.93 days
Average Dollars Raised Per Day Per Loan $86.10 $57.86
  Average Loan Term 5.9 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 622 486,610
  Journaling Rate 51.24% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 20.00% PY 26.04% PY
  Profitability (return on assets) 1.39% -2.1% -0.31%
  Average Loan Size (% of per capita income) N/A 77.00% 17.73%

Country Fast Facts

Field Partner Staff

Olivier Ouamega
Bibata Traore