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 $1,454,750 $924,529,300
Amount of raised Inactive loans $0 $593,750
Number of raised Inactive loans 0 270
Amount of Paying Back Loans $270,475 $140,766,350
Number of Paying Back Loans 180 171,616
Amount of Ended Loans $1,184,275 $783,169,200
Number of Ended Loans 718 980,000
Delinquency Rate 1.07% 8.28%
Amount in Arrears $1,845 $7,560,444
Outstanding Portfolio $172,267 $91,363,704
Number of Loans Delinquent 10 20,128
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,717,799
Number of Ended Loans Defaulted 0 30,602
Currency Exchange Loss Rate 0.26% 0.46%
Amount of Currency Exchange Loss $3,827 $4,210,314
Refund Rate 0.13% 0.63%
Amount of Refunded Loans $1,850 $5,840,725
Number of Refunded Loans 1 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 93.54% 75.11%
Average Loan Size $323 $402
Average Individual Loan Size $700 $635
Average Group Loan Size $1,622 $1,781
Average number of borrowers per group 5 7.8
Average GDP per capita (PPP) in local country $1,500 $5,908
Average Loan Size / GDP per capita (PPP) 21.51% 6.81%
Average Time to Fund a Loan 3.86 days 6.96 days
Average Dollars Raised Per Day Per Loan $83.60 $57.80
  Average Loan Term 5.92 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 591 481,120
  Journaling Rate 50.20% 41.64%
  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 26.15% PY
  Profitability (return on assets) 1.39% -2.1% -0.05%
  Average Loan Size (% of per capita income) N/A 77.00% 17.77%

Country Fast Facts

Field Partner Staff

Olivier Ouamega
Bibata Traore