A loan of $50,000 helps this field partner to serve vulnerable populations in Madagascar whose livelihoods have been affected by the COVID-19 crisis.


Cefor's story

CEFOR is a non-profit microfinance organization located in Antananarivo, Madagascar. Since 2015, CEFOR has worked with Kiva lenders to provide loans to over 7,400 borrowers with more than $2,000,000 lent through Kiva.org. CEFOR provides microloans to the most vulnerable populations, primarily women, in a country that has one of the highest poverty rates in the world. CEFOR also offers training, individualized coaching and health insurance services to their borrowers.

While historically a stable and sustainable organization, the global pandemic has led to Madagascar being under a partial lockdown, with internal movement restrictions and curfews, which has severely impacted CEFOR's operations. This includes a full business closure during sometime, and currently, a limited ability to disburse loans and receive repayments on the loans they disbursed before the crisis.

Like many businesses around the world, CEFOR is unable to operate normally as a result of the crisis, leading to a need to access flexible working capital. Your contribution will help support CEFOR to weather this crisis and allow them to continue serving vulnerable populations that require assistance to help their businesses recover.

This loan is part of Kiva’s Crisis Support Loan program to assist our Field Partner organizations directly so they can continue to support our borrowers. Because it is part of a pilot program, this loan may have higher risk. Read more in the "More about this loan" section below.

Translated from French.


This loan is special because:

It helps Field Partners withstand negative economic impacts of the COVID-19 pandemic.

Manon Genouille, Kiva staff

Manon Genouille
Kiva staff



Loan details


Lenders and lending teams






Repayment schedule

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.

Loan details



Repayment schedule

*This loan is impacted by the COVID-19 crisis and your support is needed more than ever. Repayments may be delayed or lower than expected.