YIKRI
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:
Yikri is a microfinance institution based in Burkina Faso that serves vulnerable communities. To better target these communities, Yikri partners with local associations who have expressed that their beneficiaries are in need of microfinance products, such as associations working with widows and disabled people. Given that people of these backgrounds are often completely excluded from other financial services, including from traditional microfinance institutions, Yikri is serving an unmet need.
A unique lending approach:
Yikri will use Kiva financing to offer loans to underbanked populations in Burkina Faso working in small enterprises, agriculture and livestock. Yikri loans allow borrowers to buy small equipment and provide working capital.
Yikri loans are individual loans, however each individual must be part of a larger group with whom they participate in monthly or bi-monthly meetings/trainings.
While expansion into extremely vulnerable areas means riskier work, Yikri is placing significant emphasis on providing training for clients and have been finding repayment rates to be strong to date.
Partner description:
Yikri is a microfinance institution based in Burkina Faso that serves vulnerable communities. To better target these communities, Yikri partners with local associations who have expressed that their beneficiaries are in need of microfinance products, such as associations working with widows and disabled people. Given that people of these backgrounds are often completely excluded from other financial services, including from traditional microfinance institutions, Yikri is serving an unmet need.
A unique lending approach:
Yikri will use Kiva financing to offer loans to underbanked populations in Burkina Faso working in small enterprises, agriculture and livestock. Yikri loans allow borrowers to buy small equipment and provide working capital.
Yikri loans are individual loans, however each individual must be part of a larger group with whom they participate in monthly or bi-monthly meetings/trainings.
While expansion into extremely vulnerable areas means riskier work, Yikri is placing significant emphasis on providing training for clients and have been finding repayment rates to be strong to date.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Sep 11, 2018 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $4,226,310 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $263,440 | $154,628,025 | |
Number of Paying Back Loans | 300 | 186,271 | |
Amount of Ended Loans | $3,962,870 | $1,851,013,910 | |
Number of Ended Loans | 5,053 | 2,491,542 | |
Delinquency Rate | 9.24% | 12.11% | |
Amount in Arrears | $15,355 | $11,277,316 | |
Outstanding Portfolio | $124,424 | $93,149,537 | |
Number of Loans Delinquent | 33 | 54,545 | |
Default Rate | 0.35% | 1.82% | |
Amount of Ended Loans Defaulted | $13,871 | $33,742,451 | |
Number of Ended Loans Defaulted | 36 | 88,997 | |
Currency Exchange Loss Rate | 0.29% | 0.47% | |
Amount of Currency Exchange Loss | $56,574 | $12,725,634 | |
Refund Rate | 0.00% | 0.53% | |
Amount of Refunded Loans | $0 | $10,938,345 | |
Number of Refunded Loans | 0 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 74.70% | 78.48% | |
---|---|---|---|
Average Loan Size | $790 | $393 | |
Average Individual Loan Size | $790 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,500 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 52.63% | 7.02% | |
Average Time to Fund a Loan | 11.08 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $71.24 | $43.09 | |
Average Loan Term | 7.79 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1,663 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 31.97% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 20% PY | 20.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -4.01% | -2.1% | -1.28% | |
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