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

Partner description:

Nuru Energy is a global social enterprise dedicated to providing subsistence level households with access to clean energy. Most households earn below the poverty line of less than $1.50 per day.  
With support from the World Bank and the Africa Enterprise Challenge Fund, Nuru Energy has developed an easy-to-use, portable pay-as-you-go (PAYG) recharging platform, the Octopus Charger, that uses both solar and human energy to recharge any USB device, including mobile phones, tablets and lights.
Village-level entrepreneurs (VLEs) use the Octopus Charger to operate a recharging business, recharging their community's mobile phones and lights for a fee. Before the Octopus Charger can operate, it must be credited with activation units that the VLE purchases from Nuru via mobile money. One activation unit recharges any USB device, including any mobile phone. It’s through the ongoing purchases of these activation units that Nuru collects a portion of the VLE's recharge revenue, thereby allowing the VLE to pay down their Kiva loan.
Nuru's approach gives villagers quick, affordable access to clean energy at a centralized point within their village and allows households to consume as much or as little energy as they need and, more importantly, can afford.
Nuru Energy currently has over 1200 VLEs serving more than 120,000 families throughout East Africa, including over 800 VLEs in Rwanda alone. 
For its efforts, Nuru Energy has received over 20 global awards, including the prestigious 2010 UNEP Sasakawa Prize, the 2010 UNDP World Business and Development Award and African Social Enterprise of the Year by the World Economic Forum/Schwab Foundation.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 8, 2013 Oct 12, 2005
Total Loans $82,175 $994,015,325
Amount of raised Inactive loans $0 $257,450
Number of raised Inactive loans 0 304
Amount of Paying Back Loans $68,775 $153,841,625
Number of Paying Back Loans 264 195,782
Amount of Ended Loans $13,400 $839,916,250
Number of Ended Loans 204 1,055,620
Delinquency Rate 3.36% 8.69%
Amount in Arrears $1,738 $8,875,692
Outstanding Portfolio $51,770 $102,174,618
Number of Loans Delinquent 97 30,836
Default Rate 0.00% 1.42%
Amount of Ended Loans Defaulted $0 $11,890,081
Number of Ended Loans Defaulted 0 34,252
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,501,882
Refund Rate 0.18% 0.60%
Amount of Refunded Loans $150 $5,985,075
Number of Refunded Loans 2 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 24.20% 75.51%
Average Loan Size $140 $398
Average Individual Loan Size $162 $627
Average Group Loan Size $275 $1,756
Average number of borrowers per group 3.2 7.7
Average GDP per capita (PPP) in local country $1,700 $5,871
Average Loan Size / GDP per capita (PPP) 8.21% 6.78%
Average Time to Fund a Loan 2.03 days 6.92 days
Average Dollars Raised Per Day Per Loan $68.70 $57.54
  Average Loan Term 26.25 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 78 519,181
  Journaling Rate 28.70% 41.20%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 31.00% PY 26.28% PY
  Profitability (return on assets) -4.6% -3.2% -1.13%
  Average Loan Size (% of per capita income) N/A 81.00% 16.31%

Country Fast Facts

Field Partner Staff

Mario Ariza
Sameer Hajee
Sammy Malaki
Simon Tremeer
Joseph Wayodi
Barry Whitmill