SunFarmer is a nonprofit organization that brings solar energy to hospitals, schools, and other institutions that lack reliable energy. According to the World Bank and UN, an estimated 1 billion people use health services without electricity and over 291 million children go to primary schools without access to any electricity.  Lack of electricity prevents access to basic healthcare, education, and other services that are fundamental to alleviating poverty and improving quality of life. 
 
SunFarmer aims to provide high quality solar energy installations at low-cost financing. The organization installs the solar energy system and provides maintenance and support to ensure the system performs over the long-term.
 
A unique lending approach:
 
SunFarmer's loans are used to install solar energy systems at health facilities, schools, and other critical service institutions in remote areas that currently have little or no access to electricity.  Funding from Kiva will be used for loans given directly to these institutions.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 11, 2014 Oct 12, 2005
Total Loans $22,900 $722,230,475
Amount of raised Inactive loans $0 $302,625
Number of raised Inactive loans 0 235
Amount of Paying Back Loans $22,900 $134,583,725
Number of Paying Back Loans 2 154,932
Amount of Ended Loans $0 $587,344,125
Number of Ended Loans 0 728,200
Delinquency Rate 2.09% 8.50%
Amount in Arrears $462 $7,457,003
Outstanding Portfolio $22,071 $87,722,453
Number of Loans Delinquent 2 28,812
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,846,698
Amount of Ended Loans $0 $587,344,125
Number of Ended Loans Defaulted 0 19,789
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $0 $4,905,575
Number of Refunded Loans 0 5,418

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 74.41%
Average Loan Size $11,450 $416
Average Individual Loan Size $11,450 $653
Average Group Loan Size $0 $1,848
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $2,400 $5,937
Average Loan Size / GDP per capita (PPP) 477.08% 7.01%
Average Time to Fund a Loan 0.97 days 6.38 days
Average Dollars Raised Per Day Per Loan $11,760.76 $65.17
  Average Loan Term 98.5 months 10.78 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5 354,921
  Journaling Rate 0.00% 41.30%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.56

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 22.00% PY 31.80% PY
  Profitability (return on assets) N/A 2.8% -1.81%
  Average Loan Size (% of per capita income) N/A 32.00% 19.39%

Country Fast Facts

Field Partner Staff

Amanda Eller
Jason Gray
Andy Moon