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 $496,200 $865,713,375
Amount of raised Inactive loans $0 $452,150
Number of raised Inactive loans 0 313
Amount of Paying Back Loans $358,100 $137,836,300
Number of Paying Back Loans 352 167,586
Amount of Ended Loans $138,100 $727,424,925
Number of Ended Loans 169 903,463
Delinquency Rate 19.23% 8.08%
Amount in Arrears $45,012 $7,264,332
Outstanding Portfolio $234,081 $89,905,815
Number of Loans Delinquent 166 22,066
Default Rate 2.73% 1.32%
Amount of Ended Loans Defaulted $3,766 $9,619,604
Amount of Ended Loans $138,100 $727,424,925
Number of Ended Loans Defaulted 4 26,678
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,624
Refund Rate 0.30% 0.65%
Amount of Refunded Loans $1,500 $5,584,100
Number of Refunded Loans 1 5,819

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 34.69% 74.87%
Average Loan Size $346 $408
Average Individual Loan Size $450 $640
Average Group Loan Size $955 $1,806
Average number of borrowers per group 2.8 7.8
Average GDP per capita (PPP) in local country $700 $5,937
Average Loan Size / GDP per capita (PPP) 49.48% 6.86%
Average Time to Fund a Loan 7.04 days 6.91 days
Average Dollars Raised Per Day Per Loan $49.22 $59.02
  Average Loan Term 8.19 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 156 439,475
  Journaling Rate 32.85% 41.46%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.39% PY
  Profitability (return on assets) 3.2% 1.1% -0.85%
  Average Loan Size (% of per capita income) N/A 15.00% 19.18%

Country Fast Facts

Field Partner Staff

Rémy Mitima Mpanano
Ghislaine Muhebe