PAIDEK is a microfinance institution operating in the Sud-Kivu province of the Democratic Republic of the Congo and is one of only a few reputable financial services providers in the region. With Kiva’s help, PAIDEK will provide loans to farmers to the following underserved communities.

Idjwi is an extremely impoverished island in Lake Kivu. There are few roads and no public electricity or sanitation available to the estimated 200,000 residents living on the island. Most of Idjwi’s residents survive by subsistence farming. 

Uvira city has seen some of the worst of the region's conflict due to its location in a mineral-rich area along Lake Tanganyika. Poverty, lack of access to basic services, ongoing ethnic tensions and the presence of armed groups continue to threaten Uvira residents.

PAIDEK aims to improve the lives of marginalized groups living in Sud-Kivu by providing them with financial services at low rates. The organization lends to a variety of businesses including small scale traders, artisanal activities, livestock and agriculture.  About half of PAIDEK’S clients are women.
 
A unique lending approach:
 
With Kiva funding, PAIDEK offers loans to coffee growers on Idjwi Island and rice growers in Uvira.
 
PAIDEK provides loans to groups of up to 12 coffee or rice growers who are jointly liable. The loans can be used for a variety of purposes including the purchase of equipment and labor.  The loans come with financial training to help their clients who have little to no experience with credit. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 26, 2014 Oct 12, 2005
Total Loans $2,330,825 $1,460,177,325
Amount of raised Inactive loans $0 $391,475
Number of raised Inactive loans 0 140
Amount of Paying Back Loans $649,525 $149,783,750
Number of Paying Back Loans 747 174,627
Amount of Ended Loans $1,681,300 $1,310,002,100
Number of Ended Loans 1,814 1,717,477
Delinquency Rate 13.65% 21.63%
Amount in Arrears $45,115 $20,687,089
Outstanding Portfolio $327,940 $95,627,944
Number of Loans Delinquent 214 70,100
Default Rate 3.02% 1.73%
Amount of Ended Loans Defaulted $50,752 $22,632,258
Number of Ended Loans Defaulted 178 54,491
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,960,929
Refund Rate 0.25% 0.63%
Amount of Refunded Loans $5,750 $9,166,075
Number of Refunded Loans 4 8,506

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 36.66% 76.79%
Average Loan Size $431 $395
Average Individual Loan Size $769 $609
Average Group Loan Size $937 $1,775
Average number of borrowers per group 2.3 7.8
Average GDP per capita (PPP) in local country $700 $5,728
Average Loan Size / GDP per capita (PPP) 61.51% 6.89%
Average Time to Fund a Loan 9.18 days 7.54 days
Average Dollars Raised Per Day Per Loan $46.89 $52.40
  Average Loan Term 10.09 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,145 917,062
  Journaling Rate 42.04% 43.72%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% APR 56.00% PY 24.81% PY
  Profitability (return on assets) -0.7% 1.1% -0.94%
  Average Loan Size (% of per capita income) N/A 15.00% 12.30%

Country Fast Facts

Field Partner Staff

Claude Adzoto - CAGECFI
Koumah Anani - CAGECFI
Fabrice Apetoh - CAGECFI
CAGECFI CAGECFI
Clement Hemazoh - CAGECFI
Boris Lowossou - CAGECFI
Marie-Claire Mitima
Rémy Mitima Mpanano
Ghislaine Muhebe