Last updated November 5, 2012

Partner Description:

Nuru Energy is a for-profit corporation that encourages and provides renewable sources of energy in developing countries. Seed-funded by the World Bank in 2008, it was commercially financed by Bank of America Merrill Lynch and the Africa Enterprise Challenge Fund. The organization currently operates in East Africa and India.

Committed to solving the global problem of energy poverty -- which affects over 2 billion people worldwide -- Nuru Energy has developed an easy-to-use, off-grid re-charging platform called the Nuru POWERCycle pedal generator.  The POWERCycle provides sustainable power anytime, anywhere and is more efficient than current solar-based solutions at a significantly lower cost.

The POWERCycle is used to recharge Nuru Energy’s own portable modular light-emitting diode (LED) lights, which can be recharged five at a time in 20 minutes and provide up to 10 days of light for rural households.   

Nuru distributes its lights through networks of village-level entrepreneurs (VLEs).  The VLEs sell lights to end consumers and recharge them, for a small fee, using their POWERcycle.  


User-added image

A small, portable light developed by Nuru Energy that can be recharged by human cycling power at micro-kiosks.



Nuru Energy’s impact and awards:

Nuru Energy currently has over 800 entrepreneurs serving more than 20,000 families throughout East Africa. This includes over 600 entrepreneurs in Rwanda who are often small business owners or successful farmers, typically earning US$3 to $5 per day.

According to Nuru Energy, one POWERCycle can service 200 lights, providing 100 families with improved lighting and saving $17,500 to $47,500 in lighting costs over five years -- in addition to slashing greenhouse gas emissions by 80 tons over five years. Altogether, this means that each POWERCycle can help 300 children study at night and spare 500 people from inhaling noxious fumes from kerosene lights every month.

For its efforts, Nuru Energy has received numerous global awards, including the prestigious 2010 UNEP Sasakawa Prize and the 2010 UNDP World Business and Development Award, and this year Nuru Energy was named African Social Enterprise of the Year by the World Economic Forum/Schwab Foundation.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 8, 2013 Oct 12, 2005
Total Loans $12,850 $538,432,075
Amount of Raised Inactive Loans $0 $319,600
Number Of Raised Inactive Loans 0 243
Amount of Paying Back Loans $7,150 $110,295,425
Number Of Paying Back Loans 116 113,938
Amount of Ended Loans $5,700 $427,817,050
Number Of Ended Loans 86 549,600
Delinquency Rate 0.00% 3.35%
Amount In Arrears $0 $2,392,132
Outstanding Portfolio $6,464 $71,413,577
Number of Loans Delinquent 0 10,630
Default Rate 0.00% 1.01%
Amount of Ended Loans Defaulted $0 $4,334,868
Amount of Ended Loans $5,700 $427,817,050
Number Of Ended Loans Defaulted 0 14,050
Currency Exchange Loss Rate 0.00% 0.06%
Amount of Currency Exchange Loss $0 $298,028
Refund Rate 1.17% 0.82%
Amount of Refunded Loans $150 $4,417,000
Number Of Refunded Loans 2 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 23.90% 74.09%
Average Loan Size $64 $417
Average Individual Loan Size $64 $656
Average Group Loan Size $0 $1,813
Average Number Of Entrepreneurs Per Group 0 8
Average GDP Per Capita (PPP) in Local Country $1,000 $3,463
Average Loan Size / GDP Per Capita (PPP) 6.37% 12.05%
Average Time To Fund A Loan 0.03 days 5.29 days
Average Dollars Raised Per Day Per Loan $2,134.21 $78.96
  Average Loan Term 11.82 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 74 268,567
  Journaling Rate 51.14% 42.09%
  Average Number Of Comments Per Journal 0.00 0.09
  Average Number Of Recommendations Per Journal 0.00 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield N/A N/A 34.93%
  Profitability (Return on Assets) N/A N/A -1.11%
  Average Loan Size (% of Per Capita Income) N/A 73.40% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Mario Ariza
Alexandra Gourjon
Taj Gulamani
Sameer Hajee
Sloan Holzman
Sammy Malaki