Partner description:

Baobab+ Côte d'Ivoire 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 Côte d'Ivoire. 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, DRC, Nigeria and Côte d'Ivoire. As of 2021 Baobab+ has connected 240,000 off-grid households in its countries of operation. Baobab+ offers pay-as-you-go solar products, water filtration, and tablets for business and educational use. 

A unique lending approach:

With Kiva funding, Baobab+ Côte d'Ivoire will be able to offer financing in order to provide access to solar energy products for lower income citizens. Baobab+ loans will allow people to purchase affordable and durable solar kits and solar refrigerators. With these products, households will be able to reduce their carbon footprints, lower their energy costs, increase children's study time, improve health outcomes, and build a credit history.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 14, 2023 Oct 12, 2005
Total Loans $421,575 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $420,300 $161,570,650
Number of Paying Back Loans 253 189,208
Amount of Ended Loans $1,275 $1,768,476,020
Number of Ended Loans 1 2,370,357
Delinquency Rate 1.84% 12.09%
Amount in Arrears $6,674 $12,154,807
Outstanding Portfolio $297,977 $100,506,286
Number of Loans Delinquent 98 72,423
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,355,409
Number of Ended Loans Defaulted 0 84,925
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $12,005,888
Refund Rate 0.30% 0.54%
Amount of Refunded Loans $1,250 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 8.11% 78.24%
Average Loan Size $1,658 $392
Average Individual Loan Size $1,658 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,800 $5,600
Average Loan Size / GDP per capita (PPP) 92.12% 7.00%
Average Time to Fund a Loan 5.94 days 8.93 days
Average Dollars Raised Per Day Per Loan $279.36 $43.86
  Average Loan Term 29.52 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,731
  Journaling Rate 0.00% 42.24%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A N/A 27.02% PY
  Profitability (return on assets) -16.9% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Rivo API
Elisabeth Jacqueline De Billong Edima
Nango Patrice Kangah
Mariam Kouyate
Christophe Désire Kpangni
Emmanuel Isidore Philippe NDong
Stephanie Desiree NGuessan
Aphouet Sephora Hobbah