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 $692,025 $865,713,375
Amount of raised Inactive loans $0 $452,150
Number of raised Inactive loans 0 313
Amount of Paying Back Loans $337,825 $137,836,300
Number of Paying Back Loans 673 167,586
Amount of Ended Loans $354,200 $727,424,925
Number of Ended Loans 762 903,463
Delinquency Rate 2.75% 8.08%
Amount in Arrears $5,027 $7,264,332
Outstanding Portfolio $182,844 $89,905,815
Number of Loans Delinquent 59 22,066
Default Rate 1.23% 1.32%
Amount of Ended Loans Defaulted $4,354 $9,619,604
Amount of Ended Loans $354,200 $727,424,925
Number of Ended Loans Defaulted 17 26,678
Currency Exchange Loss Rate 0.92% 0.43%
Amount of Currency Exchange Loss $6,390 $3,748,624
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,584,100
Number of Refunded Loans 0 5,819

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 84.58% 74.87%
Average Loan Size $482 $408
Average Individual Loan Size $482 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,300 $5,937
Average Loan Size / GDP per capita (PPP) 37.10% 6.86%
Average Time to Fund a Loan 2.18 days 6.91 days
Average Dollars Raised Per Day Per Loan $221.25 $59.02
  Average Loan Term 6.81 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 237 439,475
  Journaling Rate 26.13% 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 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 49% PY 51.00% PY 27.39% PY
  Profitability (return on assets) -17.5% 4.2% -0.85%
  Average Loan Size (% of per capita income) N/A 95.00% 19.18%

Country Fast Facts

Field Partner Staff

Kristina Arnold
Nicxon Digacin