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Partner Description:

Impact Carbon is a non-profit organization that focuses on building sustainable business models to increase the distribution of clean energy technologies. The organization seeks to deliver measureable social and environmental impact, while demonstrating commercial viability and scale.

For more than a decade, Impact Carbon has worked to bring clean technologies (improved cookstoves, safe water technologies) to millions of people affected by energy poverty. By actively partnering with enterprises and employing a market-based approach, Impact Carbon’s technical and financial assistance has delivered over 450,000 improved household cookstoves in Uganda reaching over 2.5m Ugandans with clean energy solutions.
Globally, Impact Carbon has been involved with the development of more than 15 carbon assets for household and community energy technologies.
Impact Carbon leverages carbon finance to fund their projects. Funds come from the sale of carbon credits generated by quantifying the greenhouse gas emission reductions generated from their projects, as well as other impact investments. Impact Carbon's work improves health, reduces poverty, and improves local environments, while mitigating climate change.

Kiva lenders’ funds are used to expand two types of loans to the clients, mainly: a) energy and safe water loans for hospitals and schools and b) loans for safe vendor kiosks to help a greater number of people improve their livelihoods.

A unique lending approach:

The clean cookstove and safe water loans for hospitals and schools allow urban hospitals and schools in central and southwest Uganda to purchase efficient cookstoves and water treatment systems. This also helps facilitate access to nutritious meals and safe water during the day, reduces the burden of fuel costs for the institutions, and teaches students, patients and staff healthy sanitation practices.

Stoves are built by local entrepreneurs using locally-sourced materials, providing additional economic benefits and job creation opportunities. The safe water technologies are distributed and installed by local partners, contributing to market sector development. The hospital or school repays the loans, usually from significant fuel savings that translate to additional income for the institutions. These income savings will be diverted to repay the loan and eventually fund other vital expenditures, such as new classrooms.

The Loan for safe water vendor kiosks helps water vendors establish a water kiosk, including product purchase and installation, staff salaries, and monitoring and evaluation. The safe water kiosks provide the community with a series of low-cost services including water purification using daily doses of chlorine, washing of containers used to transport water, and selling improved water storage containers.

In addition, the kiosks create job opportunities for the employees that staff and support the operation. A loan will be repaid through a combination of carbon credit revenues and a vendor’s sales revenues.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 25, 2013 Oct 12, 2005
Total Loans $1,123,675 $842,361,725
Amount of raised Inactive loans $0 $495,175
Number of raised Inactive loans 0 276
Amount of Paying Back Loans $1,052,100 $136,082,750
Number of Paying Back Loans 767 164,096
Amount of Ended Loans $71,575 $705,783,800
Number of Ended Loans 52 873,827
Delinquency Rate 4.87% 8.43%
Amount in Arrears $37,291 $7,450,721
Outstanding Portfolio $765,746 $88,341,540
Number of Loans Delinquent 165 23,602
Default Rate 10.44% 1.29%
Amount of Ended Loans Defaulted $7,470 $9,109,339
Amount of Ended Loans $71,575 $705,783,800
Number of Ended Loans Defaulted 8 23,798
Currency Exchange Loss Rate 1.06% 0.42%
Amount of Currency Exchange Loss $11,903 $3,556,056
Refund Rate 1.01% 0.64%
Amount of Refunded Loans $11,300 $5,410,350
Number of Refunded Loans 9 5,724

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.09% 74.78%
Average Loan Size $1,371 $409
Average Individual Loan Size $1,371 $643
Average Group Loan Size $0 $1,816
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,800 $5,942
Average Loan Size / GDP per capita (PPP) 76.15% 6.88%
Average Time to Fund a Loan 2.09 days 6.87 days
Average Dollars Raised Per Day Per Loan $655.53 $59.49
  Average Loan Term 25.06 months 11.01 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 43 417,722
  Journaling Rate 13.68% 40.65%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.34

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 57.00% PY 27.69% PY
  Profitability (return on assets) -21.8% 4.5% -0.30%
  Average Loan Size (% of per capita income) N/A 61.00% 19.52%

Country Fast Facts

Field Partner Staff

John Gwillim
Evan Haigler
Diana Konga
Elbert Lum
Tim Neville
Jenny Prosser
Brendan Sullivan