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 $880,350 $948,590,975
Amount of raised Inactive loans $0 $375,825
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $579,475 $141,979,900
Number of Paying Back Loans 547 175,166
Amount of Ended Loans $300,875 $806,235,250
Number of Ended Loans 279 1,011,122
Delinquency Rate 19.31% 8.10%
Amount in Arrears $63,873 $7,468,353
Outstanding Portfolio $330,856 $92,214,717
Number of Loans Delinquent 225 18,720
Default Rate 1.27% 1.40%
Amount of Ended Loans Defaulted $3,822 $11,312,347
Number of Ended Loans Defaulted 6 32,567
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.40% 0.62%
Amount of Refunded Loans $3,500 $5,911,700
Number of Refunded Loans 2 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 27.58% 75.25%
Average Loan Size $427 $400
Average Individual Loan Size $1,052 $632
Average Group Loan Size $1,068 $1,765
Average number of borrowers per group 2.5 7.7
Average GDP per capita (PPP) in local country $700 $5,889
Average Loan Size / GDP per capita (PPP) 60.94% 6.79%
Average Time to Fund a Loan 8.81 days 6.92 days
Average Dollars Raised Per Day Per Loan $48.41 $57.76
  Average Loan Term 9 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 246 494,507
  Journaling Rate 38.42% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% APR 56.00% PY 26.05% PY
  Profitability (return on assets) 3.2% 1.1% -0.82%
  Average Loan Size (% of per capita income) N/A 15.00% 17.16%

Country Fast Facts

Field Partner Staff

Marie-Claire Mitima
Rémy Mitima Mpanano
Ghislaine Muhebe