ACODE Finance
Lending Partner since 2007 • Chad
Fundraising Status:closed
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
0%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$0
Loans at Risk Rate:
0%
Kiva Borrowers:
61
Delinquency Rate:
0%
Interests and Fees:
N/A
Update from Kiva
ACODE Finance came onto the Kiva website in May 2007 after going through Kiva’s due diligence process at the time. Prior to funds being sent to the organization, Kiva learned that one of ACODE Finance’s major funders was pulling out, though it was difficult to tell whether this was a result of organizational concerns or country problems. As a result, Kiva decided that the remaining evidence on ACODE’s Kiva partnership application was insufficient to support moving forward with the partnership and refunded all loans. No funds were ever sent to ACODE and the partnership was closed in July 2007 without prejudice.
Original description
ACODE Finance is a microfinance institution that works to ensure economically vulnerable populations access to financial services. Its services throughout Chad benefit the poorest of the poor, and include savings, education, microcredit, money transfers and financial training.
ACODE can be contacted via email at ngosmbairo@yahoo.fr