Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

August 18, 2014


WANA Solutions is not currently raising funds on the Kiva platform. They have a total outstanding of $30,330.65 owed to Kiva. Kiva and WANA Solutions have reached a repayment restructure agreement with a new repayment plan. WANA will pay Kiva $2K per month until their blalance has been paid off.

Partner Description:

Wana Solutions (WANA) is a Ugandan enterprise that distributes Liquified Petroleum Gas (LPG) to rural, peri urban and urban populations across Uganda, replacing harmful biomass energy with clean alternatives. Committed to increasing access to cleaner, safer and more efficient energy, WANA operates 40 outlets across five districts in Uganda, by providing affordable LPG resources to families, businesses and cooperatives. 

Today, over 90% of the Ugandan population uses biomass fuels for cooking. This reliance on solid fuels (e.g. charcoal, and firewood) has contributed significantly to the country’s massive deforestation, while also impacting on the health of communities. WANA attempts to improve the health and socio economic standing of households by improving access to LPG energy.

User-added image

LPG’s current products target a range of clients, making commercial resources available to urban business customers (e.g. medical staff, teachers, associations, and churches) or delivering gas products to rural clients isolated from sales agents or distribution sites by using local motorbikes cyclists (Locally known as Boda Bodas).

Since commencing operations in 2009, the organization has provided close to 12,000 customers with affordable LPG by distributing and installing affordable equipment and a range of cookstoves to households and small companies. On average, by switching to LPG clients are able to reduce their energy bill by up to 15%.

User-added image

A unique lending approach:

Since achieving self-sufficiency in 2011,  WANA’s declining dependence on local development banks has impacted its working capital, limiting its expansion. By partnering with Kiva, the organization will now be able to offer customers two new loans: (1) Household and Small Business Loans (2) Savings and Cooperative Loans. Both of these products will allow WANA to reach more families and organizations across Uganda in different ways, by reducing the country’s current reliance on harmful and polluting fuels.

With a low annual interest rate of 10% and 6 to 12 month repayment terms, Kiva lenders’ funds will support the Household and Small Business loan to help families and small organizations to access LPG into their daily lives. The in-kind loan provides borrowers with equipment and refills on lease.

Kiva’s flexible capital will also fund the franchisee loan, a product that aims to empower women entrepreneurs by encouraging them to start their own WANA Solutions redistribution center. These borrowers must be approved by WANA staff before receiving equipment, training and hands-on support to begin and maintain operations. These loans also carry a 10% annual interest rate with repayment terms of 24-48 months.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 9, 2013 Oct 12, 2005
Total Loans $43,100 $618,636,750
Amount of raised Inactive loans $0 $397,900
Number of raised Inactive loans 0 670
Amount of Paying Back Loans $43,000 $124,013,675
Number of Paying Back Loans 249 134,190
Amount of Ended Loans $100 $494,225,175
Number of Ended Loans 1 624,180
Delinquency Rate 70.53% 4.16%
Amount in Arrears $21,445 $3,358,701
Outstanding Portfolio $30,406 $80,822,065
Number of loanDelinquent 249 15,696
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,443,130
Amount of Ended Loans $100 $494,225,175
Number of Ended Loans Defaulted 0 16,936
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 25.75% 0.74%
Amount of Refunded Loans $11,100 $4,568,100
Number of Refunded Loans 49 5,106

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.49% 74.24%
Average Loan Size $181 $419
Average Individual Loan Size $181 $655
Average Group Loan Size $0 $1,835
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,500 $3,414
Average Loan Size / GDP per capita (PPP) 12.08% 12.27%
Average Time to Fund a Loan 0.68 days 5.76 days
Average Dollars Raised Per Day Per Loan $266.99 $72.67
  Average Loan Term 7.57 months 10.47 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 309,293
  Journaling Rate 0.00% 42.33%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.79

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 15% APR 57.00% PY 33.15% PY
  Profitability (return on assets) N/A 4.5% -1.29%
  Average Loan Size (% of per capita income) N/A 61.00% 38.08%

Country Fast Facts

Field Partner Staff

Tonny Musisi
Shamila Namulinda
Emmy Wasirwa