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

Partner description:

RISE is a distribution and finance company that works closely with communities to increase access to sustainable energy products. Their model focuses on offering affordable high-quality technology to people at the bottom of the economic pyramid, mainly rural farmers.

RISE imports high-quality, pay-as-you-go solar systems that are designed to provide light and mobile charging, and transports them to remote communities. RISE utilises existing distribution networks in rural areas and trains local sales agents in business and sales skills, and on benefits, uses, and technical aspects of solar technology.

RISE was a 2015 SEED winner for its potential to create positive change in a sustainable, social and environmental way.

A unique lending approach:

Loans funded on Kiva provide farmers in southern Tanzania with the funds to purchase solar home systems and other solar products. RISE will eventually expand the volume and range of the products, including solar pumps for irrigation, as well as expand to other regions of Tanzania.

The pay-as-you-go repayment plan makes the transition to solar energy affordable and sustainable, enabling future savings and reducing indoor pollution and chronic lung problems. The loans don’t require collateral, and repayments are aligned with the farming harvest period, reducing the risk of overindebtedness. RISE also helps create a formal credit history for the farmer.

The communities around the farmers will also be engaged as the RISE local agents will be employed from the community.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 3, 2016 Oct 12, 2005
Total Loans $2,450 $937,508,950
Amount of raised Inactive loans $0 $490,500
Number of raised Inactive loans 0 418
Amount of Paying Back Loans $2,450 $142,918,975
Number of Paying Back Loans 14 174,940
Amount of Ended Loans $0 $794,099,475
Number of Ended Loans 0 994,820
Delinquency Rate 9.21% 7.96%
Amount in Arrears $178 $7,436,109
Outstanding Portfolio $1,938 $93,400,003
Number of Loans Delinquent 13 19,319
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,887,300
Number of Refunded Loans 0 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.57% 75.18%
Average Loan Size $175 $401
Average Individual Loan Size $175 $634
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,900 $5,898
Average Loan Size / GDP per capita (PPP) 9.21% 6.80%
Average Time to Fund a Loan 0.27 days 6.93 days
Average Dollars Raised Per Day Per Loan $636.74 $57.85
  Average Loan Term 14.21 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 486,438
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 11% APR 21.00% PY 26.04% PY
  Profitability (return on assets) 12.7% 0.2% -0.31%
  Average Loan Size (% of per capita income) N/A 134.00% 17.73%

Country Fast Facts

Field Partner Staff

Pete Nettleton