Baobab+ Côte d'Ivoire
Partner description:
Baobab+ Côte d'Ivoire 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 Côte d'Ivoire. 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, DRC, Nigeria and Côte d'Ivoire. As of 2021 Baobab+ has connected 240,000 off-grid households in its countries of operation. Baobab+ offers pay-as-you-go solar products, water filtration, and tablets for business and educational use.
A unique lending approach:
With Kiva funding, Baobab+ Côte d'Ivoire will be able to offer financing in order to provide access to solar energy products for lower income citizens. Baobab+ loans will allow people to purchase affordable and durable solar kits and solar refrigerators. With these products, households will be able to reduce their carbon footprints, lower their energy costs, increase children's study time, improve health outcomes, and build a credit history.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Sep 14, 2023 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $664,050 | $2,048,758,690 | |
| Amount of raised Inactive loans | $3,950 | $348,325 | |
| Number of raised Inactive loans | 1 | 296 | |
| Amount of Paying Back Loans | $637,625 | $153,933,040 | |
| Number of Paying Back Loans | 341 | 183,991 | |
| Amount of Ended Loans | $22,475 | $1,852,324,370 | |
| Number of Ended Loans | 18 | 2,496,556 | |
| Delinquency Rate | 5.85% | 11.72% | |
| Amount in Arrears | $27,505 | $10,838,102 | |
| Outstanding Portfolio | $378,779 | $92,466,642 | |
| Number of Loans Delinquent | 144 | 38,146 | |
| Default Rate | 74.91% | 1.82% | |
| Amount of Ended Loans Defaulted | $16,837 | $33,752,032 | |
| Number of Ended Loans Defaulted | 16 | 89,003 | |
| Currency Exchange Loss Rate | 0.04% | 0.47% | |
| Amount of Currency Exchange Loss | $300 | $12,742,203 | |
| Refund Rate | 0.19% | 0.53% | |
| Amount of Refunded Loans | $1,250 | $10,938,345 | |
| Number of Refunded Loans | 1 | 9,670 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 6.79% | 78.48% | |
|---|---|---|---|
| Average Loan Size | $1,843 | $393 | |
| Average Individual Loan Size | $1,843 | $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 | $1,800 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 102.39% | 7.02% | |
| Average Time to Fund a Loan | 7.22 days | 9.12 days | |
| Average Dollars Raised Per Day Per Loan | $255.27 | $43.08 | |
| Average Loan Term | 25.99 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 0 | 1,222,149 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 41.92% | |
| 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 2009 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | N/A | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -12.76% | N/A | -1.32% | |
| Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Cote D'Ivoire
- Capital:
- Yamoussoukro
- Official Language:
- French
- Population:
- 22,848,945
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 68%, industry and services: 32%
- Population Below Poverty Line:
- 42.00%
- Literacy Rate:
- 56.90%
- Infant Mortality Rate (per 1000):
- 60.16 deaths
- Life Expectancy:
- 58.01 years
Lending Partner Staff
Rivo APIElisabeth Jacqueline De Billong Edima
Nango Patrice Kangah
Mariam Kouyate
Christophe Désire Kpangni
Emmanuel Isidore Philippe NDong
Stephanie Desiree NGuessan
Aphouet Sephora Hobbah