Partner Description:

Entrepreneurs du Monde - Palmis Mikwofinans Sosyal provides financial and social services to low-income entrepreneurs in Haiti’s townships. Haiti is the poorest country in the Americas and is also a challenging environment to operate in because of the high rate of natural disasters, including the devastating 2010 earthquake.

A unique lending approach:

Entrepreneurs du Monde - Palmis Mikwofinans Sosyal offers a range of loans tailored to the needs of different borrowers.  This allows borrowers to graduate to larger loan sizes while continuously benefiting from a comprehensive package of non-financial, social services. Traditionally, borrowers start with the “Ti Kredit,” or small loan, before enrolling into a SOLVA group loan, and subsequently graduating to individual and small enterprise loans.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 23, 2015 Oct 12, 2005
Total Loans $706,600 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $300,025 $136,648,425
Number of Paying Back Loans 603 167,060
Amount of Ended Loans $406,575 $737,601,350
Number of Ended Loans 874 916,439
Delinquency Rate 3.21% 8.46%
Amount in Arrears $4,820 $7,476,165
Outstanding Portfolio $150,321 $88,321,485
Number of Loans Delinquent 55 22,435
Default Rate 1.07% 1.32%
Amount of Ended Loans Defaulted $4,354 $9,707,641
Number of Ended Loans Defaulted 17 27,160
Currency Exchange Loss Rate 0.94% 0.44%
Amount of Currency Exchange Loss $6,651 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 84.39% 74.90%
Average Loan Size $478 $407
Average Individual Loan Size $478 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,300 $5,934
Average Loan Size / GDP per capita (PPP) 36.80% 6.86%
Average Time to Fund a Loan 2.13 days 6.92 days
Average Dollars Raised Per Day Per Loan $224.15 $58.85
  Average Loan Term 6.81 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 250 447,522
  Journaling Rate 25.25% 41.57%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 49% PY 51.00% PY 26.87% PY
  Profitability (return on assets) -17.5% 4.2% -0.78%
  Average Loan Size (% of per capita income) N/A 95.00% 18.82%

Country Fast Facts

Field Partner Staff

Kristina Arnold
Nicxon Digacin