Agence Communautaire pour le Financement de la Micro Entreprise (ACFIME)
Approved to post Kiva loans from: Burkina Faso
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner Description:
ACFIME is a microfinance institution in Burkina Faso, a landlocked, extremely poor nation located to the north of Côte d'Ivoire and Ghana. Financial services for low-income communities are very limited and the only socially-oriented MFIs in Burkina show little potential for growth. ACFIME fills the gap not covered by large MFIs serving wealthier populations.
A unique lending approach:
ACFIME offers two types of loans on Kiva: solidarity group loans and agricultural loans. The solidarity group loan is offered to groups of 5-10 clients (mostly women) in urban and rural areas.The agricultural loans not only help farmers financially, but also guarantee a buyer for their crops and help farmers get training on how to select and care for crops. ACFIME is focusing much of its attention on the agricultural loans as it expands its reach into rural areas.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Jul 3, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $4,341,085 | $2,041,772,805 | |
Amount of raised Inactive loans | $825 | $341,950 | |
Number of raised Inactive loans | 1 | 183 | |
Amount of Paying Back Loans | $158,295 | $157,414,680 | |
Number of Paying Back Loans | 103 | 189,201 | |
Amount of Ended Loans | $4,181,965 | $1,843,227,680 | |
Number of Ended Loans | 2,562 | 2,482,067 | |
Delinquency Rate | 5.02% | 12.76% | |
Amount in Arrears | $4,862 | $12,298,729 | |
Outstanding Portfolio | $59,079 | $96,360,846 | |
Number of Loans Delinquent | 25 | 66,079 | |
Default Rate | 0.04% | 1.82% | |
Amount of Ended Loans Defaulted | $1,481 | $33,582,045 | |
Number of Ended Loans Defaulted | 2 | 88,667 | |
Currency Exchange Loss Rate | 0.32% | 0.47% | |
Amount of Currency Exchange Loss | $27,055 | $12,608,670 | |
Refund Rate | 0.22% | 0.54% | |
Amount of Refunded Loans | $9,625 | $10,935,995 | |
Number of Refunded Loans | 6 | 9,668 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 90.86% | 78.46% | |
---|---|---|---|
Average Loan Size | $382 | $393 | |
Average Individual Loan Size | $31,906 | $586 | |
Average Group Loan Size | $1,583 | $1,910 | |
Average number of borrowers per group | 4.3 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,500 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 25.45% | 7.02% | |
Average Time to Fund a Loan | 8.9 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $42.91 | $43.12 | |
Average Loan Term | 6.87 months | 11.49 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1,438 | 1,215,877 | |
---|---|---|---|
Journaling Rate | 43.44% | 41.90% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 29% PY | 20.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 0.38% | -2.1% | -1.32% | |
Average Loan Size (% of per capita income) | N/A | 77.00% | 0.00% |
Country Fast Facts
- Country:
- Burkina Faso
- Capital:
- Ouagadougou
- Official Language:
- French
- Population:
- 18,365,123
- Avg Annual Income:
- $1,500
- Labor Force:
- agriculture: 90%, industry and services: 10%
- Population Below Poverty Line:
- 46.70%
- Literacy Rate:
- 28.70%
- Infant Mortality Rate (per 1000):
- 76.8 deaths
- Life Expectancy:
- 54.78 years
Lending Partner Staff
Viviane KadanaBibata Traore
Oumarou Zongo