Partner description:

Baobab+ 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. Baobab+ was launched at the end of 2015 by Microcred, a digital finance group specializing in financial inclusion across Africa and China. 

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

A unique lending approach:

With Kiva funding, Baobab+ will be able to offer financing in order to provide access to solar energy products for low-income Malgasy people. Baobab+ 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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 14, 2019 Oct 12, 2005
Total Loans $228,550 $1,557,119,795
Amount of raised Inactive loans $600 $628,850
Number of raised Inactive loans 3 227
Amount of Paying Back Loans $175,200 $163,230,670
Number of Paying Back Loans 1,087 199,820
Amount of Ended Loans $52,750 $1,393,260,275
Number of Ended Loans 481 1,836,546
Delinquency Rate 3.32% 17.32%
Amount in Arrears $3,970 $17,502,898
Outstanding Portfolio $95,876 $101,040,792
Number of Loans Delinquent 170 57,133
Default Rate 2.54% 1.70%
Amount of Ended Loans Defaulted $1,342 $23,650,989
Number of Ended Loans Defaulted 16 59,001
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,657,163
Refund Rate 7.30% 0.61%
Amount of Refunded Loans $16,675 $9,426,050
Number of Refunded Loans 131 8,777

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 52.50% 77.26%
Average Loan Size $144 $392
Average Individual Loan Size $144 $603
Average Group Loan Size $0 $1,784
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,000 $5,692
Average Loan Size / GDP per capita (PPP) 14.41% 6.88%
Average Time to Fund a Loan 0.49 days 7.97 days
Average Dollars Raised Per Day Per Loan $295.65 $49.11
  Average Loan Term 17.81 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 956,001
  Journaling Rate 0.00% 42.74%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.68

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 42.00% PY 25.72% PY
  Profitability (return on assets) -16.97% 0.9% -1.21%
  Average Loan Size (% of per capita income) N/A 142.00% 11.51%

Country Fast Facts

Field Partner Staff

Olivier Mutsaerts
Heritiana Lala Rakotoson
Niraina Ratsimbaharijaona
Tahinjanahary Razafimanantsoa