SJedi Green Energy is an organization established in Liberia that is the sole distributor of Envirofit International (EF) cookstoves in the country. It targets the Base of Pyramid (BoP) consumers, many of whom earn less than $2 per day.
Since 2011, the company has operated as a wholesale distributor of EF cookstoves and has successfully utilized a variety of distribution models including direct, institutional, whole seller and NGO partner. Additionally, SJedi is working to pilot the sale and distribution of other products such as solar home systems, water filter systems, bed-nets and Green Charcoal.
A unique lending approach:
SJedi Green Energy provides cookstoves to the portion of the population who are unable to purchase them on their own. Each loan of will be used for the purchase of cookstoves and solar home systems. With 0% interest, customers should be able to pay back for the products within six months. SJedi will assign their own field officers to be responsible for the collection of payments from borrowers. With Kiva’s support, SJedi will be able to increase the quantity of their sales by allowing the majority of BoP customers to apply for micro financing, receive the product, and pay off the loan in a maximum of 24 months. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 21, 2014 Oct 12, 2005
Total Loans $5,650 $575,361,250
Amount of raised Inactive loans $0 $291,900
Number of raised Inactive loans 0 255
Amount of Paying Back Loans $5,650 $119,483,125
Number of Paying Back Loans 16 125,559
Amount of Ended Loans $0 $455,586,225
Number of Ended Loans 0 580,601
Delinquency Rate 0.00% 3.43%
Amount in Arrears $0 $2,701,035
Outstanding Portfolio $5,096 $78,668,138
Number of loanDelinquent 0 11,378
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,937,756
Amount of Ended Loans $0 $455,586,225
Number of Ended Loans Defaulted 0 15,266
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,479,350
Number of Refunded Loans 0 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 56.25% 74.23%
Average Loan Size $226 $419
Average Individual Loan Size $357 $656
Average Group Loan Size $300 $1,824
Average number of borrowers per group 10 8
Average GDP per capita (PPP) in local country $500 $3,440
Average Loan Size / GDP per capita (PPP) 45.20% 12.17%
Average Time to Fund a Loan 1.31 days 5.52 days
Average Dollars Raised Per Day Per Loan $172.77 $75.89
  Average Loan Term 5.88 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 286,360
  Journaling Rate 0.00% 42.41%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 57.00% 33.54%
  Profitability (return on assets) N/A -2.6% -1.15%
  Average Loan Size (% of per capita income) N/A 34.00% 41.59%

Country Fast Facts

Field Partner Staff

Peter Gbelia
Royston Gbelia