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Partner Description:

Impact Carbon is a non-profit organization that focuses on building sustainable business models to increase the distribution of clean energy technologies. The organization seeks to deliver measureable social and environmental impact, while demonstrating commercial viability and scale.

For more than a decade, Impact Carbon has worked to bring clean technologies (improved cookstoves, safe water technologies) to millions of people affected by energy poverty. By actively partnering with enterprises and employing a market-based approach, Impact Carbon’s technical and financial assistance has delivered over 450,000 improved household cookstoves in Uganda reaching over 2.5m Ugandans with clean energy solutions.
Globally, Impact Carbon has been involved with the development of more than 15 carbon assets for household and community energy technologies.
Impact Carbon leverages carbon finance to fund their projects. Funds come from the sale of carbon credits generated by quantifying the greenhouse gas emission reductions generated from their projects, as well as other impact investments. Impact Carbon's work improves health, reduces poverty, and improves local environments, while mitigating climate change.

Kiva lenders’ funds are used to expand two types of loans to the clients, mainly: a) energy and safe water loans for hospitals and schools and b) loans for safe vendor kiosks to help a greater number of people improve their livelihoods.

A unique lending approach:

The clean cookstove and safe water loans for hospitals and schools allow urban hospitals and schools in central and southwest Uganda to purchase efficient cookstoves and water treatment systems. This also helps facilitate access to nutritious meals and safe water during the day, reduces the burden of fuel costs for the institutions, and teaches students, patients and staff healthy sanitation practices.

Stoves are built by local entrepreneurs using locally-sourced materials, providing additional economic benefits and job creation opportunities. The safe water technologies are distributed and installed by local partners, contributing to market sector development. The hospital or school repays the loans, usually from significant fuel savings that translate to additional income for the institutions. These income savings will be diverted to repay the loan and eventually fund other vital expenditures, such as new classrooms.

The Loan for safe water vendor kiosks helps water vendors establish a water kiosk, including product purchase and installation, staff salaries, and monitoring and evaluation. The safe water kiosks provide the community with a series of low-cost services including water purification using daily doses of chlorine, washing of containers used to transport water, and selling improved water storage containers.

In addition, the kiosks create job opportunities for the employees that staff and support the operation. A loan will be repaid through a combination of carbon credit revenues and a vendor’s sales revenues.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 25, 2013 Oct 12, 2005
Total Loans $1,381,750 $975,810,275
Amount of raised Inactive loans $0 $371,525
Number of raised Inactive loans 0 200
Amount of Paying Back Loans $1,090,500 $148,104,675
Number of Paying Back Loans 866 185,027
Amount of Ended Loans $291,250 $827,334,075
Number of Ended Loans 230 1,040,066
Delinquency Rate 18.21% 8.11%
Amount in Arrears $110,278 $7,851,124
Outstanding Portfolio $605,658 $96,754,167
Number of Loans Delinquent 306 19,647
Default Rate 5.24% 1.39%
Amount of Ended Loans Defaulted $15,255 $11,517,921
Number of Ended Loans Defaulted 14 33,035
Currency Exchange Loss Rate 1.32% 0.45%
Amount of Currency Exchange Loss $18,183 $4,428,501
Refund Rate 0.82% 0.61%
Amount of Refunded Loans $11,300 $5,970,900
Number of Refunded Loans 9 5,987

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 26.66% 75.40%
Average Loan Size $1,261 $399
Average Individual Loan Size $1,261 $629
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,874
Average Loan Size / GDP per capita (PPP) 70.04% 6.79%
Average Time to Fund a Loan 1.86 days 6.9 days
Average Dollars Raised Per Day Per Loan $677.76 $57.76
  Average Loan Term 22.75 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 135 509,580
  Journaling Rate 14.50% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

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 57.00% PY 26.13% PY
  Profitability (return on assets) 56.9% 4.5% -1.72%
  Average Loan Size (% of per capita income) N/A 61.00% 16.60%

Country Fast Facts

Field Partner Staff

Julie Brown
John Gwillim
Evan Haigler
Tim Neville
Jenny Prosser
Luke Sollner
Brendan Sullivan
Austin Tamayo
David Vergoz