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.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 26, 2014 Oct 12, 2005
Total Loans $4,059,500 $1,960,970,195
Amount of raised Inactive loans $0 $385,125
Number of raised Inactive loans 0 245
Amount of Paying Back Loans $492,995 $155,006,285
Number of Paying Back Loans 555 179,895
Amount of Ended Loans $3,566,505 $1,775,538,270
Number of Ended Loans 3,903 2,382,292
Delinquency Rate 11.12% 11.53%
Amount in Arrears $27,365 $10,730,796
Outstanding Portfolio $230,617 $93,051,115
Number of Loans Delinquent 113 45,519
Default Rate 1.47% 1.82%
Amount of Ended Loans Defaulted $52,598 $32,353,228
Number of Ended Loans Defaulted 196 84,927
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,023,738
Refund Rate 0.19% 0.54%
Amount of Refunded Loans $7,750 $10,526,300
Number of Refunded Loans 6 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 37.46% 78.24%
Average Loan Size $468 $392
Average Individual Loan Size $777 $589
Average Group Loan Size $953 $1,892
Average number of borrowers per group 2.2 8.3
Average GDP per capita (PPP) in local country $700 $5,599
Average Loan Size / GDP per capita (PPP) 66.86% 7.00%
Average Time to Fund a Loan 10.43 days 8.93 days
Average Dollars Raised Per Day Per Loan $44.87 $43.86
  Average Loan Term 10.68 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 1,560 1,181,539
  Journaling Rate 30.18% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% APR 56.00% PY 27.02% PY
  Profitability (return on assets) 3.49% 1.1% -3.10%
  Average Loan Size (% of per capita income) N/A 15.00% 0.00%

Country Fast Facts

Lending Partner Staff

Fabrice Apetoh - CAGECFI
Clement Hemazoh - CAGECFI
Marie-Claire Mitima
Adrien Mugabo
Ghislaine Muhebe