Total loan: $125,000
Ouagadougou, Centre Region, Burkina Faso / Services
Acfime's loan finished fundraising,
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A loan helped support women and farmers in Burkina Faso restart their businesses that have been affected by the COVID-19 crisis.
ACFIME is a non-profit microfinance organization located in Ouagadougou, Burkina Faso. Since 2014, ACFIME has worked with Kiva lenders to provide loans to more than 8,000 borrowers with over $3,000,000 lent through Kiva.org. ACFIME supports mostly women and farmers with solidarity group lending and savings products, in a landlocked country that has one of the highest rates of food insecurity in the world. While historically a stable and sustainable organization, the global pandemic has led to Burkina Faso being under a partial lockdown, with internal movement restrictions and curfews, which has severely impacted ACFIME’s operations. This includes a limited ability to disburse loans and receive repayments on the loans they disbursed before the crisis. Like many businesses around the world, ACFIME is unable to operate normally as a result of the crisis, leading to a need to access flexible working capital. This loan will allow ACFIME to attend to their borrowers' financial needs, especially those working in agriculture, for which the season is starting. Your contribution will help support ACFIME to weather this crisis. 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.