Izili Madagascar

Izili Madagascar

Lending Partner since 2019 • Madagascar
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Fundraising Status:active
Risk Rating:

What to know about this Lending Partner

Impact Category:
Clean Energy
Default Rate:
3.47%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$2,404,450
Loans at Risk Rate:
3.04%
Kiva Borrowers:
10,375
Delinquency Rate:
3.04%
Interests and Fees:
N/A

Status update — December 15, 2025


The Baobab+ group has rebranded to Izili. Kiva has made the name and logo changes in our systems.


Partner description:


Izili Madagascar is a social enterprise that sells innovative energy, clean water and technology products priced and marketed to meet the needs of under-served people in Madagascar. Izili was launched at the end of 2015 by Microcred, a digital finance group specializing in financial inclusion across Africa and China. 


Today, the Izili group of companies operates in Madagascar, Senegal, Mali, and Cote d'Ivoire. By 2016 Izili had connected 2,000 off-grid households to power in its countries of operation. Izili offers pay-as-you-go solar, water filtration, and tablets for business and educational use. 


A unique lending approach:


With Kiva funding, Izili will be able to offer financing in order to provide access to solar energy products for low-income Malgasy people. Izili loans allow rural people to purchase affordable and durable solar kits and lamps. With these products, households will be able to reduce their carbon footprints, lower their energy costs, increase children's study time and build a credit history.