Partner Description:

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.

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 $582,580,825
Amount of raised Inactive loans $0 $392,225
Number of raised Inactive loans 0 380
Amount of Paying Back Loans $9,250 $116,748,000
Number of Paying Back Loans 4 123,118
Amount of Ended Loans $0 $465,440,600
Number of Ended Loans 0 591,914
Delinquency Rate 0.00% 3.75%
Amount in Arrears $0 $2,842,426
Outstanding Portfolio $8,242 $75,775,764
Number of loanDelinquent 0 11,741
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,744
Amount of Ended Loans $0 $465,440,600
Number of Ended Loans Defaulted 0 16,795
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.00% 74.17%
Average Loan Size $201 $418
Average Individual Loan Size $0 $656
Average Group Loan Size $2,313 $1,826
Average number of borrowers per group 11.5 8
Average GDP per capita (PPP) in local country $0 $3,434
Average Loan Size / GDP per capita (PPP) 0.00% 12.18%
Average Time to Fund a Loan 0.13 days 5.55 days
Average Dollars Raised Per Day Per Loan $1,549.47 $75.32
  Average Loan Term 37 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 291,324
  Journaling Rate 0.00% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

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 33.64% PY
  Profitability (return on assets) N/A N/A -1.40%
  Average Loan Size (% of per capita income) N/A N/A 41.35%

Country Fast Facts

Field Partner Staff

Kim Chen
Stewart Craine
Lucy Symons