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 $1,083,225 $965,040,250
Amount of raised Inactive loans $0 $458,775
Number of raised Inactive loans 0 218
Amount of Paying Back Loans $347,875 $147,322,475
Number of Paying Back Loans 785 183,660
Amount of Ended Loans $735,350 $817,259,000
Number of Ended Loans 1,650 1,026,032
Delinquency Rate 4.95% 7.81%
Amount in Arrears $9,928 $7,615,675
Outstanding Portfolio $200,541 $97,492,336
Number of Loans Delinquent 97 19,236
Default Rate 0.63% 1.41%
Amount of Ended Loans Defaulted $4,628 $11,498,102
Number of Ended Loans Defaulted 20 33,015
Currency Exchange Loss Rate 0.65% 0.46%
Amount of Currency Exchange Loss $7,058 $4,395,675
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,946,325
Number of Refunded Loans 0 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 84.70% 75.33%
Average Loan Size $445 $399
Average Individual Loan Size $445 $631
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,300 $5,879
Average Loan Size / GDP per capita (PPP) 34.22% 6.79%
Average Time to Fund a Loan 2.19 days 6.92 days
Average Dollars Raised Per Day Per Loan $203.00 $57.69
  Average Loan Term 6.79 months 11.12 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 547 502,868
  Journaling Rate 29.37% 41.48%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

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% -1.14%
  Average Loan Size (% of per capita income) N/A 95.00% 16.85%

Country Fast Facts

Field Partner Staff

Holguens Alabre
Kattia Deronet
Nicxon Digacin
Maria Angelica GILOT
Mathieu PAUL