Micro Start/AFD
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
Partner Description
Micro Start, (Action des Femmes pour le Développement) is a microfinance institution based in Ouagadougou, Burkina Faso. It was founded by eight Burkinabe women, each of them experienced in microcredit or entrepreneurship. Eager to use their experience and commitment to help poor women entrepreneurs, the group founded Micro Start using their own capital, and started providing microcredit services to women entrepreneurs in 2000. Members of this original team continue to manage the organization’s day-to-day activities and drive it forward under the institution’s core values of solidarity, transparency, social justice, equality, and Christian faith.
Micro Start’s principal objective is to become a professional microfinance institution offering financial services, advice, and trainings in order to:
• Create or reinforce the income-generating activities of Burkinabe women
• Collect obligatory and voluntary savings in order to foster clients’ financial independence
• Create or improve solidarity among solidarity group members
• Provide women with access to necessary materials and equipment for their businesses
• Build women entrepreneurs’ skills in management, business administration, etc.
• Create jobs
• Improve the living conditions of its clients’ communities
Micro start currently offers the following products to its clients:
• Solidarity group loans: Micro Start’s leading loan product. Provided to self-selected groups of 2-10 women entrepreneurs. Starting loan amount is approximately $50.
• Individual loans: Provided to female and male clients with larger capacities, many of whom have “graduated” from solidarity groups.
• Motorbike loans: Provided to women and men who would like to purchase motorbikes. These motorbikes are important tools for entrepreneurs who must transport products to and from markets for sale.
• Bicycle loans: Provided to women and men who would like to purchase bicycles.
• Gas stove loans: Provided to clients who would like to purchase gas stoves in order to stop cooking with wood and charcoal (which is harmful to the environment).
• Obligatory and voluntary savings accounts
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Apr 21, 2011 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $2,923,850 | $1,959,307,040 | |
Amount of raised Inactive loans | $0 | $222,235 | |
Number of raised Inactive loans | 0 | 190 | |
Amount of Paying Back Loans | $43,775 | $161,570,650 | |
Number of Paying Back Loans | 58 | 189,208 | |
Amount of Ended Loans | $2,880,075 | $1,768,476,020 | |
Number of Ended Loans | 3,239 | 2,370,357 | |
Delinquency Rate | 7.77% | 12.09% | |
Amount in Arrears | $1,774 | $12,154,807 | |
Outstanding Portfolio | $22,774 | $100,506,286 | |
Number of Loans Delinquent | 15 | 72,423 | |
Default Rate | 2.33% | 1.83% | |
Amount of Ended Loans Defaulted | $67,033 | $32,355,409 | |
Number of Ended Loans Defaulted | 67 | 84,925 | |
Currency Exchange Loss Rate | 0.47% | 0.50% | |
Amount of Currency Exchange Loss | $13,760 | $12,005,888 | |
Refund Rate | 0.39% | 0.54% | |
Amount of Refunded Loans | $11,500 | $10,526,300 | |
Number of Refunded Loans | 11 | 9,596 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 70.24% | 78.24% | |
---|---|---|---|
Average Loan Size | $235 | $392 | |
Average Individual Loan Size | $862 | $589 | |
Average Group Loan Size | $894 | $1,892 | |
Average number of borrowers per group | 4.5 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,500 | $5,600 | |
Average Loan Size / GDP per capita (PPP) | 15.67% | 7.00% | |
Average Time to Fund a Loan | 6.23 days | 8.93 days | |
Average Dollars Raised Per Day Per Loan | $37.72 | $43.86 | |
Average Loan Term | 7.7 months | 11.47 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1,685 | 1,178,731 | |
---|---|---|---|
Journaling Rate | 40.46% | 42.24% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.57 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 13% PY | 20.00% PY | 27.02% PY | |
---|---|---|---|---|
Profitability (return on assets) | -2.01% | -2.1% | -3.10% | |
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
Jean-Pierre CompaoréIsabelle NOMBRE
Marcelline Zouma