Last updated August 21, 2013

Partner Description:

Impact Carbon is a non-profit organization that focuses on quantifying greenhouse gas emission reductions and building business models for reinvesting carbon revenues to increase distribution and dissemination of clean energy technologies. Impact Carbon's work improves health, reduces poverty, and improves local environments while slowing climate change.

Founded in 2008 in Uganda, the organization develops carbon finance for efficient household technology projects in over ten countries including Uganda, Kenya, Rwanda, Ghana, Mozambique, India, China, Mongolia, El Salvador, and Guatemala. Impact Carbon has deep expertise leveraging carbon finance to develop and scale projects that disseminate improved household- and community-level technologies, including efficient cookstoves, safe water technologies, solar home systems, and home insulation products.

The organization finances the majority of its operations through a combination of carbon credit sales and grant revenue. It also earns consulting fees by providing carbon asset development or implementation expertise to other organizations such as The Paradigm Project and Innovations for Poverty Action. Finally, as a non-profit organization, Impact Carbon also receives philanthropic income to support research and project activities.

Kiva lenders’ funds are used to expand two types of loans to the clients, mainly: a) energy and safe water loan product for hospitals and schools and b) loans for safe vendor kiosks to help a greater number of people improve their livelihoods.

A unique lending approach:

The Clean Cookstove and Safe Water Loan Product for Hospitals and Schools will allow urban hospitals and schools in Kampala to purchase an efficient cookstove and water treatment system. This intervention will facilitate access to nutritious meals and safe water during the day, reduce the burden of fuel costs for the institutions, and sensitize students, patients and staff to healthy sanitation practices.

Stoves will be built by local entrepreneurs using locally-sourced materials, providing additional economic benefits and job creation opportunities. The full cost to purchase, install, maintain and monitor a water treatment system serving approximately 400 people is $3,000 or less, and the full cost of an energy-saving stove for cooking is $3,500 or less. The loan repayment structure will depend on the technology and whether it is credited under the Gold Standard or the Clean Development Mechanism (CDM). Technologies under the Gold Standard will be repaid through a combination of carbon credit revenue and payments by the borrowing institution while technologies under the CDM will be repaid 100% by the borrowing institutions. All institutions will realize significant fuel savings, which translate directly to additional income for the institutions and will be diverted to repay the loan and eventually fund other vital expenditures, such as new classrooms.


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The Loan for Safe Water Vendor Kiosks will directly support a Safe Water Vendor to establish a water kiosk, including product purchase and installation, staff salaries, and monitoring and evaluation. The Safe Water Kiosks provide the community with a series of low-cost services including water purification using daily doses of chlorine, washing of containers used to transport water, and selling improved water storage containers.

In addition, the kiosks create job opportunities for the employees that staff and support the operation. A loan will be repaid through a combination of carbon credit revenues and a vendor’s sales revenues.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 25, 2013 Oct 12, 2005
Total Loans $108,225 $590,831,750
Amount of raised Inactive loans $5,600 $819,825
Number of raised Inactive loans 2 696
Amount of Paying Back Loans $102,625 $116,310,325
Number of Paying Back Loans 54 123,737
Amount of Ended Loans $0 $473,701,600
Number of Ended Loans 0 601,061
Delinquency Rate 0.00% 4.21%
Amount in Arrears $0 $3,160,641
Outstanding Portfolio $89,150 $75,153,836
Number of loanDelinquent 0 14,150
Default Rate 0.00% 1.13%
Amount of Ended Loans Defaulted $0 $5,347,284
Amount of Ended Loans $0 $473,701,600
Number of Ended Loans Defaulted 0 16,817
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $536,853
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,537,625
Number of Refunded Loans 0 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.86% 74.18%
Average Loan Size $1,933 $418
Average Individual Loan Size $1,933 $655
Average Group Loan Size $0 $1,828
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,500 $3,430
Average Loan Size / GDP per capita (PPP) 128.84% 12.20%
Average Time to Fund a Loan 0.8 days 5.6 days
Average Dollars Raised Per Day Per Loan $2,401.32 $74.74
  Average Loan Term 48.4 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 295,934
  Journaling Rate 0.00% 42.37%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 57.00% PY 33.27% PY
  Profitability (return on assets) 258% 4.5% -1.45%
  Average Loan Size (% of per capita income) N/A 61.00% 40.88%

Country Fast Facts

Field Partner Staff

John Gwillim
Diana Konga
Brendan Sullivan