Izili Madagascar
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.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Feb 14, 2019 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $2,050,025 | $2,253,308,115 | |
| Amount of raised Inactive loans | $0 | $376,000 | |
| Number of raised Inactive loans | 0 | 103 | |
| Amount of Paying Back Loans | $913,575 | $156,335,550 | |
| Number of Paying Back Loans | 2,530 | 180,058 | |
| Amount of Ended Loans | $1,136,450 | $2,096,596,565 | |
| Number of Ended Loans | 6,286 | 2,760,080 | |
| Delinquency Rate | 3.84% | 9.30% | |
| Amount in Arrears | $18,582 | $8,969,271 | |
| Outstanding Portfolio | $453,677 | $96,406,551 | |
| Number of Loans Delinquent | 288 | 38,292 | |
| Default Rate | 3.38% | 1.77% | |
| Amount of Ended Loans Defaulted | $38,390 | $37,151,759 | |
| Number of Ended Loans Defaulted | 301 | 97,821 | |
| Currency Exchange Loss Rate | 0.20% | 0.37% | |
| Amount of Currency Exchange Loss | $13,534 | $13,962,930 | |
| Refund Rate | 2.40% | 0.51% | |
| Amount of Refunded Loans | $49,175 | $11,591,015 | |
| Number of Refunded Loans | 294 | 9,990 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 51.77% | 79.02% | |
|---|---|---|---|
| Average Loan Size | $230 | $410 | |
| Average Individual Loan Size | $230 | $605 | |
| Average Group Loan Size | $0 | $1,979 | |
| Average number of borrowers per group | 0 | 8.4 | |
| Average GDP per capita (PPP) in local country | $616 | $4,374 | |
| Average Loan Size / GDP per capita (PPP) | 37.41% | 9.37% | |
| Average Time to Fund a Loan | 1.48 days | 9.21 days | |
| Average Dollars Raised Per Day Per Loan | $155.22 | $44.47 | |
| Average Loan Term | 18.16 months | 11.53 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 18 | 1,324,702 | |
|---|---|---|---|
| Journaling Rate | 0.26% | 41.60% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.51 |
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 | 42.00% PY | 28.97% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -14.34% | 0.9% | -1.29% | |
| Average Loan Size (% of per capita income) | N/A | 142.00% | 0.00% |
Country Fast Facts
- Country:
- Madagascar
- Capital:
- Antananarivo
- Official Language:
- French (official), Malagasy (official), English
- Population:
- 23,201,926
- Avg Annual Income:
- $616
- Labor Force:
- N/A
- Population Below Poverty Line:
- 50.00%
- Literacy Rate:
- 64.50%
- Infant Mortality Rate (per 1000):
- 44.88 deaths
- Life Expectancy:
- 65.2 years
Lending Partner Staff
Sarindra ANDRIAMAMPIANINAMenja ANDRIANARISOA
Paul De Magnitot
Amiela Herivelo RATOLOJANAHARY
Hasina RAVELOSON
Yvanne Francia RAZAIARISOA