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:

Visionary Empowerment Programme (VEP) is a nonprofit organization that empowers people to build their own enterprises through microfinance, training and other development services. It encourages and promotes sustainable economic growth in rural areas, focusing mainly on women and youth groups by helping them to identify, design and develop strategies to create profitable enterprises.

VEP is a leader in providing microfinance solutions to groups running small scale farming and industrial businesses. To date, its lending program has impacted more than 7,000 families. Its loans are primarily  “group based” to streamline management and administration.

In addition to economic empowerment, VEP is committed to environmental conservation. In this area, it partners with the Kenya National Biogas Programme, working to construct numerous biogas plants in rural central and eastern Kenya. These plants reduce deforestation, save money on fuel, and improve soil fertility by producing organic fertilizers.

Also in the renewable energy sector, VEP works with several organizations to promote solar lighting and improved cooking stoves, including Paradigm Kenya, D.light Design, Trony East Africa and Barefoot Power. All of these initiatives are geared toward sustainable development and poverty alleviation.

Through current and future projects, VEP is working to reduce greenhouse gas emissions, allowing it to participate in and generate profit from the carbon credits market through Clean Development Mechanism.

VEP is partnering with Kiva and utilizing its internal credit expertise and capacities to offer financing to its clients to buy energy-efficient sources of lighting and cooking. To reach a wider population and significantly impact off-the-grid communities, VEP is engaging Kiva funding in multiple ways:

1) By offering loans to groups for biogas construction and to purchase energy-saving jikos and solar lamps. These loans range in size from US$12 to $1,190. Loan terms will be 24 months.

2) By offering loans to help both female and male micro-retailers who sell energy-efficient cooking stoves to increase their inventories and incomes. These loans range up to US$1,765 per client and have a loan term of 12 months.

3) By offering end-consumer loans to people who want to replace kerosene with clean cookstoves. These loans will amount to US$35 per client and have a loan term of 24 months.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 25, 2012 Oct 12, 2005
Total Loans $162,750 $597,373,850
Amount of raised Inactive loans $0 $670,325
Number of raised Inactive loans 0 644
Amount of Paying Back Loans $133,625 $120,630,450
Number of Paying Back Loans 74 128,489
Amount of Ended Loans $29,125 $476,073,075
Number of Ended Loans 10 603,944
Delinquency Rate 4.92% 3.69%
Amount in Arrears $3,566 $2,916,726
Outstanding Portfolio $72,534 $79,118,114
Number of loanDelinquent 11 10,801
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $5,345,655
Amount of Ended Loans $29,125 $476,073,075
Number of Ended Loans Defaulted 0 16,811
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $538,749
Refund Rate 0.00% 0.76%
Amount of Refunded Loans $0 $4,539,725
Number of Refunded Loans 0 5,066

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 84.09% 74.20%
Average Loan Size $714 $418
Average Individual Loan Size $1,019 $656
Average Group Loan Size $4,694 $1,829
Average number of borrowers per group 7.9 8
Average GDP per capita (PPP) in local country $1,800 $3,427
Average Loan Size / GDP per capita (PPP) 39.66% 12.21%
Average Time to Fund a Loan 1.29 days 5.65 days
Average Dollars Raised Per Day Per Loan $551.51 $74.06
  Average Loan Term 20.19 months 10.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 298,204
  Journaling Rate 0.00% 42.46%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.86

Borrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 36.00% PY 33.26% PY
  Profitability (return on assets) N/A 0.5% -1.45%
  Average Loan Size (% of per capita income) N/A 56.00% 40.88%

Country Fast Facts

Field Partner Staff

james chege
Bernard Karanja Ndungu
Anastacia Murigi
Grace Mwangi
peris ndungu
Jesse Thuo