Programme d'Appui aux Initiatives de Développement Economique au Kivu (PAIDEK)
PAIDEK is a microfinance institution operating in the Sud-Kivu province of the Democratic Republic of the Congo and is one of only a few reputable financial services providers in the region. With Kiva’s help, PAIDEK will provide loans to farmers to the following underserved communities.
Idjwi is an extremely impoverished island in Lake Kivu. There are few roads and no public electricity or sanitation available to the estimated 200,000 residents living on the island. Most of Idjwi’s residents survive by subsistence farming.
Uvira city has seen some of the worst of the region's conflict due to its location in a mineral-rich area along Lake Tanganyika. Poverty, lack of access to basic services, ongoing ethnic tensions and the presence of armed groups continue to threaten Uvira residents.
PAIDEK aims to improve the lives of marginalized groups living in Sud-Kivu by providing them with financial services at low rates. The organization lends to a variety of businesses including small scale traders, artisanal activities, livestock and agriculture. About half of PAIDEK’S clients are women.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Nov 26, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $4,350,010 | $2,017,905,110 | |
Amount of raised Inactive loans | $0 | $357,275 | |
Number of raised Inactive loans | 0 | 176 | |
Amount of Paying Back Loans | $626,905 | $157,974,050 | |
Number of Paying Back Loans | 672 | 190,165 | |
Amount of Ended Loans | $3,723,105 | $1,822,317,985 | |
Number of Ended Loans | 4,087 | 2,448,909 | |
Delinquency Rate | 8.97% | 12.69% | |
Amount in Arrears | $31,931 | $12,319,588 | |
Outstanding Portfolio | $272,205 | $97,105,837 | |
Number of Loans Delinquent | 164 | 71,382 | |
Default Rate | 1.40% | 1.83% | |
Amount of Ended Loans Defaulted | $52,148 | $33,320,922 | |
Number of Ended Loans Defaulted | 194 | 87,367 | |
Currency Exchange Loss Rate | 0.00% | 0.48% | |
Amount of Currency Exchange Loss | $0 | $12,416,364 | |
Refund Rate | 0.18% | 0.54% | |
Amount of Refunded Loans | $7,750 | $10,929,050 | |
Number of Refunded Loans | 6 | 9,661 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 36.94% | 78.39% | |
---|---|---|---|
Average Loan Size | $474 | $392 | |
Average Individual Loan Size | $777 | $586 | |
Average Group Loan Size | $959 | $1,906 | |
Average number of borrowers per group | 2.2 | 8.3 | |
Average GDP per capita (PPP) in local country | $700 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 67.73% | 7.01% | |
Average Time to Fund a Loan | 10.64 days | 9.06 days | |
Average Dollars Raised Per Day Per Loan | $44.55 | $43.31 | |
Average Loan Term | 10.8 months | 11.48 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1,600 | 1,204,657 | |
---|---|---|---|
Journaling Rate | 29.26% | 41.97% | |
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 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 36% APR | 56.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 3.49% | 1.1% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 15.00% | 0.00% |
Country Fast Facts
- Country:
- Congo (DRC)
- Capital:
- Kinshasa
- Official Language:
- Population:
- 79,375,136
- Avg Annual Income:
- $700
- Labor Force:
- N/A
- Population Below Poverty Line:
- 63%
- Literacy Rate:
- 63.8%
- Infant Mortality Rate (per 1000):
- 71.47 deaths
- Life Expectancy:
- 56.93 years
Lending Partner Staff
Claude ADZOTO APIFabrice Apetoh - CAGECFI
PIERRE CHAMUNGU
Clement Hemazoh - CAGECFI
PAULIN MAMIMAMI
Marie-Claire Mitima
Adrien Mugabo
Ghislaine Muhebe