Sjedi Green Energy operates in Liberia, one of the countries in West Africa currently experiencing an Ebola outbreakThis epidemic is the largest in history, claiming thousands of lives and having a deep impact on the national economy. Sjedi is continuing to operate throughout the outbreak, but accordingly these loans will have a higher risk associated with them. Learn more about the epidemic here

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 $15,725 $616,373,350
Amount of raised Inactive loans $0 $385,725
Number of raised Inactive loans 0 556
Amount of Paying Back Loans $15,725 $121,828,475
Number of Paying Back Loans 55 131,473
Amount of Ended Loans $0 $494,159,150
Number of Ended Loans 0 624,120
Delinquency Rate 26.01% 4.30%
Amount in Arrears $3,491 $3,383,431
Outstanding Portfolio $13,421 $78,638,819
Number of loanDelinquent 28 15,752
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,427,079
Amount of Ended Loans $0 $494,159,150
Number of Ended Loans Defaulted 0 16,892
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 0.00% 0.74%
Amount of Refunded Loans $0 $4,567,000
Number of Refunded Loans 0 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 30.65% 74.24%
Average Loan Size $246 $419
Average Individual Loan Size $286 $655
Average Group Loan Size $300 $1,835
Average number of borrowers per group 10 8
Average GDP per capita (PPP) in local country $500 $3,415
Average Loan Size / GDP per capita (PPP) 49.14% 12.26%
Average Time to Fund a Loan 0.93 days 5.75 days
Average Dollars Raised Per Day Per Loan $262.96 $72.82
  Average Loan Term 6.6 months 10.46 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 307,660
  Journaling Rate 0.00% 42.28%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.80

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 33.15% PY
  Profitability (return on assets) N/A -2.6% -1.29%
  Average Loan Size (% of per capita income) N/A 34.00% 38.08%

Country Fast Facts

Field Partner Staff

Peter Gbelia
Royston Gbelia