Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 13, 2007 Oct 12, 2005
Total Loans $0 $1,609,571,270
Amount of raised Inactive loans $0 $789,775
Number of raised Inactive loans 0 772
Amount of Paying Back Loans $0 $165,849,000
Number of Paying Back Loans 0 203,252
Amount of Ended Loans $0 $1,442,932,495
Number of Ended Loans 0 1,907,594
Delinquency Rate 0.00% 17.11%
Amount in Arrears $0 $17,820,358
Outstanding Portfolio $0 $104,179,775
Number of Loans Delinquent 0 75,481
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,720,663
Number of Ended Loans Defaulted 0 61,845
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $20,075 $9,486,250
Number of Refunded Loans 61 8,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 72.73% 77.44%
Average Loan Size $329 $392
Average Individual Loan Size $329 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $2,500 $5,672
Average Loan Size / GDP per capita (PPP) 13.16% 6.91%
Average Time to Fund a Loan 0.27 days 8.07 days
Average Dollars Raised Per Day Per Loan $1,206.17 $48.58
  Average Loan Term 11.97 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 980,839
  Journaling Rate 0.00% 42.27%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 29.00% PY 26.41% PY
  Profitability (return on assets) N/A 0.6% -0.57%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff