Partner description:
Inyenyeri is a for-profit renewable energy company providing a clean and affordable cooking solution to rural and urban households in East Africa, starting in Rwanda. They supply high-quality cookstoves to customers on a lease basis and produce clean-cooking fuel pellets locally. By creating a system that incorporates both the fuel and the stove, they are able to create demand for their revenue-generating product while maximizing the health, environmental and social impacts of clean cooking.

The company was founded in 2012 by Eric Reynolds, outdoor outfitter Marmot's co-founder and former chairman and CEO.

A unique lending approach:
Loans funded on Kiva will cover the cost of leasing a clean cookstove from Inyenyeri, with a unique repayment model that allows clients to repay the loan by buying fuel for the stove. Urban clients repay by buying pellet fuel from Inyenyeri in cash, while rural clients repay by collecting wood or sawdust for Inyenyeri, which in turn also counts as payment for their pellet fuel.

Loans in rural areas are either group loans made up of members of the same community, or individual loans. No collateral is required, but the village members and village chief will help encourage clients to adhere to the contract.

Urban customers also sign a contract with Inyenyeri committing to purchase fuel at a set price on a monthly basis and promising to return the stove if they don’t continue purchasing fuel.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 14, 2017 Oct 12, 2005
Total Loans $3,600 $976,351,475
Amount of raised Inactive loans $0 $327,900
Number of raised Inactive loans 0 187
Amount of Paying Back Loans $3,600 $148,689,500
Number of Paying Back Loans 6 185,909
Amount of Ended Loans $0 $827,334,075
Number of Ended Loans 0 1,040,066
Delinquency Rate 0.00% 8.07%
Amount in Arrears $0 $7,850,595
Outstanding Portfolio $3,600 $97,328,870
Number of Loans Delinquent 0 19,643
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,921
Number of Ended Loans Defaulted 0 33,035
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,428,501
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $5,970,900
Number of Refunded Loans 0 5,987

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 42.86% 75.40%
Average Loan Size $88 $399
Average Individual Loan Size $0 $629
Average Group Loan Size $600 $1,760
Average number of borrowers per group 6.8 7.7
Average GDP per capita (PPP) in local country $1,700 $5,874
Average Loan Size / GDP per capita (PPP) 5.16% 6.79%
Average Time to Fund a Loan 0.91 days 6.9 days
Average Dollars Raised Per Day Per Loan $96.37 $57.77
  Average Loan Term 19 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 510,212
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.15

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 31.00% PY 26.13% PY
  Profitability (return on assets) N/A -3.2% -1.27%
  Average Loan Size (% of per capita income) N/A 81.00% 16.60%

Country Fast Facts

Field Partner Staff

Jan De Graaf
Jimmy Dushimimana
Emmanuel Manimfashe
Claude Mansell
Jacques Niyonsaba
Innocent Nsekeyukunze
Laura Szczuczak