Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update — November 14, 2016

EarthSpark loans are paid back over time by electricity sales and are collateralized by a portion of the electricity payments of the entire community. As Kiva requires partners to give an end date for all loans, the loan term is an estimation of the time clients will take to consume enough electricity to fully pay back connection costs. EarthSpark's first loan terms were underestimated, and as a result, their delinquency rate is currently around 20%. Furthermore, following hurricane Matthew in October 2016, and the devastation caused in Les Anglais as a result of the storm, there's a high probability that repayments will take even longer than anticipated, as clients slowly consume enough energy to fully pay back the connection costs. Kiva remains in contact with this partner, and as time goes on, we expect their delinquency rate to eventually drop as loans are repaid through the community's energy consumption. 

Partner description:

EarthSpark International is a nonprofit organization dedicated to eradicating energy poverty in Haiti with innovative technology and financing solutions. By expanding market access for lower-income Haitians, the organization is putting affordable, portable solar lighting and improved cookstoves in the hands of people who need it most.

Today, 75% of Haitian households are forced to rely on toxic and expensive fuels, such as kerosene, for energy. While some alternatives do exist, most rural Haitians cannot afford the upfront costs of purchasing them, nor can they cover the costs of traveling to urban centers where they are sold. When made affordable, solar technologies are a promising alternative for lighting, where the norm in rural Haitian communities is kerosene. For cooking, improved cookstoves that use pressurized kerosene are a drastic improvement over the household norm, which is charcoal.

 The organization aims to build supply chains for small-scale clean energy technologies. Given that off-the-grid households spend an average of 25% of their incomes on dirty, low-quality sources of energy, these technologies have the opportunity to radically improve people’s quality of life while saving them money in the long run.

EarthSpark’s supply chains connect manufacturers, importers, distributors and end users. It does this by providing goods through both brick and mortar stores and a network of small-scale entrepreneurs. Its first store, based in Les Anglais, Haiti, sells a range of clean energy products, from solar light bulbs to improved cookstoves.

EarthSpark’s stores also serve as hubs for the micro-entrepreneurs selling the nonprofit’s products. After training, these men and women are each provided with a business-in-a-bag, which includes marketing materials and product guides. Entrepreneurs who sell these products can generate enough additional income to run self-sustaining businesses. 

EarthSpark and Kiva

By partnering with Kiva, EarthSpark will be able to expand its business-in-a-bag model and get clean energy products to rural, lower-income households in Haiti. When you lend to an EarthSpark entrepreneur, the loan pays for the business-in-a-bag startup kit. The borrower then pays back the loan with profit generated from sales. Every time this happens, their business gets bigger and stronger. EarthSpark joined Kiva through our Basic Partnership Program and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner pose a higher level of risk than typical Kiva loans.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 6, 2012 Oct 12, 2005
Total Loans $196,500 $994,173,925
Amount of raised Inactive loans $0 $246,850
Number of raised Inactive loans 0 286
Amount of Paying Back Loans $114,550 $153,984,725
Number of Paying Back Loans 370 196,046
Amount of Ended Loans $81,950 $839,942,350
Number of Ended Loans 149 1,055,629
Delinquency Rate 34.01% 8.66%
Amount in Arrears $35,258 $8,865,405
Outstanding Portfolio $103,680 $102,333,532
Number of Loans Delinquent 370 30,827
Default Rate 3.18% 1.42%
Amount of Ended Loans Defaulted $2,605 $11,900,367
Number of Ended Loans Defaulted 9 34,261
Currency Exchange Loss Rate 1.04% 0.45%
Amount of Currency Exchange Loss $2,051 $4,517,245
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $5,985,075
Number of Refunded Loans 0 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 57.31% 75.51%
Average Loan Size $379 $398
Average Individual Loan Size $379 $627
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,300 $5,871
Average Loan Size / GDP per capita (PPP) 29.12% 6.78%
Average Time to Fund a Loan 3.85 days 6.92 days
Average Dollars Raised Per Day Per Loan $98.42 $57.53
  Average Loan Term 60.3 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,645 519,327
  Journaling Rate 38.00% 41.10%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 51.00% PY 26.33% PY
  Profitability (return on assets) -82.3% 4.2% -1.14%
  Average Loan Size (% of per capita income) N/A 95.00% 16.31%

Country Fast Facts

Field Partner Staff

Allison Archambault
Alex Fisher
Brian Gurr
Rachel McManus
Yverose Milien
Dan Schnitzer