Total loan: $50,000
Antananarivo, Antananarivo Province, Madagascar / Services
Cefor's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped This field partner to serve vulnerable populations in Madagascar whose livelihoods have been affected by the COVID-19 crisis.
CEFOR is a non-profit microfinance organization located in Antananarivo, Madagascar. Since 2015, CEFOR has worked with Kiva lenders to provide loans to over 7,400 borrowers with more than $2,000,000 lent through Kiva.org. CEFOR provides microloans to the most vulnerable populations, primarily women, in a country that has one of the highest poverty rates in the world. CEFOR also offers training, individualized coaching and health insurance services to their borrowers. While historically a stable and sustainable organization, the global pandemic has led to Madagascar being under a partial lockdown, with internal movement restrictions and curfews, which has severely impacted CEFOR's operations. This includes a full business closure during sometime, and currently, a limited ability to disburse loans and receive repayments on the loans they disbursed before the crisis. Like many businesses around the world, CEFOR is unable to operate normally as a result of the crisis, leading to a need to access flexible working capital. Your contribution will help support CEFOR to weather this crisis and allow them to continue serving vulnerable populations that require assistance to help their businesses recover. This loan is part of Kiva’s Crisis Support Loan program to assist our Field Partner organizations directly so they can continue to support our borrowers. Because it is part of a pilot program, this loan may have higher risk. Read more in the "More about this loan" section below.