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 $939,050 $924,529,300
Amount of raised Inactive loans $0 $593,750
Number of raised Inactive loans 0 270
Amount of Paying Back Loans $339,325 $140,766,350
Number of Paying Back Loans 769 171,616
Amount of Ended Loans $599,725 $783,169,200
Number of Ended Loans 1,284 980,000
Delinquency Rate 3.37% 8.28%
Amount in Arrears $6,670 $7,560,444
Outstanding Portfolio $197,815 $91,363,704
Number of Loans Delinquent 73 20,128
Default Rate 0.72% 1.37%
Amount of Ended Loans Defaulted $4,320 $10,717,799
Number of Ended Loans Defaulted 16 30,602
Currency Exchange Loss Rate 0.74% 0.46%
Amount of Currency Exchange Loss $6,963 $4,210,314
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,840,725
Number of Refunded Loans 0 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 85.09% 75.11%
Average Loan Size $457 $402
Average Individual Loan Size $457 $635
Average Group Loan Size $0 $1,781
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,300 $5,908
Average Loan Size / GDP per capita (PPP) 35.18% 6.81%
Average Time to Fund a Loan 2.06 days 6.96 days
Average Dollars Raised Per Day Per Loan $222.03 $57.80
  Average Loan Term 6.8 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 431 481,120
  Journaling Rate 30.35% 41.64%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

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 26.15% PY
  Profitability (return on assets) -9.4% 4.2% -0.05%
  Average Loan Size (% of per capita income) N/A 95.00% 17.77%

Country Fast Facts

Field Partner Staff

Kattia Deronet
Nicxon Digacin