Partner description:

Baobab+ 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. Baobab+ was launched at the end of 2015 by Microcred, a digital finance group specializing in financial inclusion across Africa and China. 

Today, the Baobab+ group of companies operates in Madagascar, Senegal, Mali, and Cote d'Ivoire. By 2016 Baobab+ had connected 2,000 off-grid households to power in its countries of operation. Baobab+ offers pay-as-you-go solar, water filtration, and tablets for business and educational use. 

A unique lending approach:

With Kiva funding, Baobab+ will be able to offer financing in order to provide access to solar energy products for low-income Malgasy people. Baobab+ 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 $1,163,825 $2,040,080,360
Amount of raised Inactive loans $350 $565,830
Number of raised Inactive loans 2 459
Amount of Paying Back Loans $568,050 $155,797,470
Number of Paying Back Loans 2,172 187,495
Amount of Ended Loans $595,425 $1,842,928,565
Number of Ended Loans 3,731 2,481,804
Delinquency Rate 10.53% 13.31%
Amount in Arrears $30,000 $12,620,555
Outstanding Portfolio $267,289 $94,833,317
Number of Loans Delinquent 829 67,667
Default Rate 4.18% 1.82%
Amount of Ended Loans Defaulted $24,876 $33,629,436
Number of Ended Loans Defaulted 221 88,860
Currency Exchange Loss Rate 0.35% 0.47%
Amount of Currency Exchange Loss $5,709 $12,608,670
Refund Rate 4.23% 0.54%
Amount of Refunded Loans $49,175 $10,935,995
Number of Refunded Loans 294 9,668

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 52.18% 78.46%
Average Loan Size $196 $393
Average Individual Loan Size $196 $586
Average Group Loan Size $0 $1,909
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,000 $5,594
Average Loan Size / GDP per capita (PPP) 19.57% 7.02%
Average Time to Fund a Loan 1.13 days 9.1 days
Average Dollars Raised Per Day Per Loan $172.53 $43.13
  Average Loan Term 18.53 months 11.49 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 13 1,215,752
  Journaling Rate 0.32% 41.91%
  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 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 42.00% PY 26.44% PY
  Profitability (return on assets) 6.05% 0.9% -1.31%
  Average Loan Size (% of per capita income) N/A 142.00% 0.00%

Country Fast Facts

Lending Partner Staff

Menja ANDRIANARISOA
Daniel Frederic Andrianirina
Lalatiana Randrianatoandro
Amiela Herivelo RATOLOJANAHARY
Niraina Ratsimbaharijaona
Hasina RAVELOSON
Tahinjanahary Razafimanantsoa
Yvanne Francia RAZAIARISOA