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:

Status Update - March 16, 2015
 
On March 13, 2015, Tropical Cyclone Pam hit the South Pacific islands of Vanuatu. It was one of the most powerful storms ever to make landfall, and left a path of destruction and devastation in its wake.
 
Kiva has reached out to Village Infrastructure Angels and we will update this page as soon as we hear any information on their status and the wellbeing of Kiva borrowers. Our thoughts are with our Field Partner, borrowers and all the inhabitants of Vanuatu.    

Village Infrastructure is a for-profit social enterprise founded in the UK that brings together business angel investors and the poorest communities in developing countries. The organization makes solar energy affordable through energy loans of up to three years.
 
A unique lending approach:

Village Infrastructure loans on Kiva will be for citizens of the southern pacific island nation of Vanuatu. 
 
Micro-entrepreneurs will be selected and trained to fully understand the installation process, managing payments and basic maintenance. These entrepreneurs are usually already running other enterprises for the village such as a store, school, church or other civic organization, and are looking for a supplemental income stream. 


The organization installs solar stations for villages for up to 100 households, and the micro-entrepreneurs collect around USD $2-3 per week from each household for the use of the solar lamps and batteries. Thus for the same weekly price they would otherwise pay for kerosene, villagers can access clean and safe solar lighting and own this infrastructure in 1-3 years time.
 
The micro-entrepreneur retains 15% of the gross revenue collected.

Village Infrastructure 
 
Vanuatu

April 29, 2014

Village Infrastructure is a for-profit social enterprise founded in the UK that brings together business angel investors and the poorest communities in developing countries. The organization makes solar energy affordable through energy loans of up to three years.

 
A unique lending approach:

Village Infrastructure loans on Kiva will be for citizens of the southern pacific island nation of Vanuatu. 
 
Micro-entrepreneurs will be selected and trained to fully understand the installation process, managing payments and basic maintenance. These entrepreneurs are usually already running other enterprises for the village such as a store, school, church or other civic organization, and are looking for a supplemental income stream. 


The organization installs solar stations for villages for up to 100 households, and the micro-entrepreneurs collect around USD $2-3 per week from each household for the use of the solar lamps and batteries. Thus for the same weekly price they would otherwise pay for kerosene, villagers can access clean and safe solar lighting and own this infrastructure in 1-3 years time.
 
The micro-entrepreneur retains 15% of the gross revenue collected.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 19, 2014 Oct 12, 2005
Total Loans $9,250 $700,647,600
Amount of raised Inactive loans $0 $616,900
Number of raised Inactive loans 0 381
Amount of Paying Back Loans $9,250 $132,685,450
Number of Paying Back Loans 4 149,589
Amount of Ended Loans $0 $567,345,250
Number of Ended Loans 0 706,085
Delinquency Rate 4.93% 7.77%
Amount in Arrears $295 $6,752,872
Outstanding Portfolio $5,994 $86,956,712
Number of Loans Delinquent 4 27,655
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,327,222
Amount of Ended Loans $0 $567,345,250
Number of Ended Loans Defaulted 0 19,053
Currency Exchange Loss Rate 0.43% 0.23%
Amount of Currency Exchange Loss $40 $1,591,452
Refund Rate 0.00% 0.69%
Amount of Refunded Loans $0 $4,842,450
Number of Refunded Loans 0 5,332

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.00% 74.29%
Average Loan Size $201 $416
Average Individual Loan Size $0 $655
Average Group Loan Size $2,313 $1,844
Average number of borrowers per group 11.5 8
Average GDP per capita (PPP) in local country $0 $3,373
Average Loan Size / GDP per capita (PPP) 0.00% 12.35%
Average Time to Fund a Loan 0.13 days 6.22 days
Average Dollars Raised Per Day Per Loan $1,549.47 $66.94
  Average Loan Term 37 months 10.71 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 344,967
  Journaling Rate 0.00% 41.53%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.61

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% APR N/A 32.11% PY
  Profitability (return on assets) N/A N/A -1.95%
  Average Loan Size (% of per capita income) N/A N/A 19.57%

Country Fast Facts

Field Partner Staff

Kim Chen
Stewart Craine
Lucy Symons