Status Update - August 5, 2015 

NOTS Lampe Solaire has shut down operations in Mali after more than 4 years of hard work bringing clean lighting products to under-served areas in Mali. Over the course of the partnership, NOTS has raised $98,975 on Kiva with a 100% repayment rate. Kiva thanks NOTS for 2 years of partnership, and wishes NOTS global all the best as they continue to work to promote use of clean energy technologies in other parts of the world.

Partner Description:

NOTS Lampe Solaire is a for-profit social enterprise launched in 2011 that sells and distributes solar lamps, aiming to replace all kerosene lamps in Mali with clean, safe solar alternatives by the end of 2016. This is incredibly important in Mali, where only 15% of the rural population has access to electricity, and kerosene use leads to serious health problems, air pollution, and in-house fires.

The organization was founded by the NOTS Foundation, a Netherlands-based social enterprise dedicated to improving the livelihoods of people in developing countries by creating and building social enterprises. The foundation engages in three main activities:

1) Solar lamp sales and distribution: NOTS expands access to solar technologies that improve people’s health and livelihoods using a financially sustainable business model.

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2) Sustainable charcoal production: NOTS developed a business model that integrates efficient charcoal production, reforestation, agro-forestry and charcoal commercialization. This initiative is designed to stop the environmental destruction caused by non-sustainable charcoal production and to increase and diversify incomes in charcoal-producing villages.

3) Microfinance: NOTS invests in high-potential microfinance institutions in order to increase access to capital for low-income entrepreneurs in developing countries. NOTS is also a co-founder and 25% stakeholder in Triple Jump BV, a Dutch investment management firm that provides loans to microfinance institutions operating in poor countries.

NOTS chose to start its solar activities in Mali because of the relatively large improvement potential -- Mali is one of the poorest countries in the world -- and the low penetration of solar systems. Other impact investors have been reluctant to work in Mali due to its relative instability. The hope is that Kiva’s involvement and proof of concept will attract more enterprises and investors.

NOTS Lampe Solaire initially began supplying solar products through established retail locations across the country, and has since expanded to work with women’s associations. These associations train their members to set up small businesses selling lamps in their local communities. As of August 2013, NOTS Mali has sold over 40,000 affordable solar lamps. The plan is to make the organization sustainable and replicate the business model in other West African countries over the next two to three years.

Kiva’s work with NOTS Lampe Solaire:

Kiva loans are used by distributors and women’s associations to purchase solar lamps on credit. It requires a significant amount of capital for these borrowers to obtain inventory upfront, so loans will range in size from about US$20,000 to $33,000 with 90-day repayment terms.

Kiva is excited to work with NOTS Lampe Solaire because it is one of only two solar lamp distributors in the country. With funds provided by Kiva lenders, NOTS will be able to address the lack of working capital available to distributors, which has been the primary constraint on lamp sales. As a result, NOTS Lampe Solaire should be able to scale more quickly and provide even more households with high-quality solar products for clean, safe lighting and convenient mobile phone charging.

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Because of Kiva and the lenders that invest via Kiva, NOTS is able to offer credit to distributors and women’s associations at 0% interest.

Images courtesy of the NOTS Foundation. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 20, 2013 Oct 12, 2005
Total Loans $98,975 $1,633,160,845
Amount of raised Inactive loans $0 $2,270,625
Number of raised Inactive loans 0 4,012
Amount of Paying Back Loans $0 $160,510,475
Number of Paying Back Loans 0 190,051
Amount of Ended Loans $98,975 $1,470,379,745
Number of Ended Loans 3 1,944,841
Delinquency Rate 0.00% 16.14%
Amount in Arrears $0 $16,081,753
Outstanding Portfolio $0 $99,647,416
Number of Loans Delinquent 0 54,841
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $25,169,930
Number of Ended Loans Defaulted 0 62,990
Currency Exchange Loss Rate 1.15% 0.41%
Amount of Currency Exchange Loss $1,135 $7,245,579
Refund Rate 29.50% 0.58%
Amount of Refunded Loans $29,200 $9,499,275
Number of Refunded Loans 1 8,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 77.46%
Average Loan Size $32,044 $390
Average Individual Loan Size $32,044 $601
Average Group Loan Size $0 $1,800
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,100 $5,664
Average Loan Size / GDP per capita (PPP) 2,913.07% 6.89%
Average Time to Fund a Loan 8.5 days 8.13 days
Average Dollars Raised Per Day Per Loan $3,769.80 $48.00
  Average Loan Term 5.83 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 987,166
  Journaling Rate 66.67% 42.01%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

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 24.00% PY 26.62% PY
  Profitability (return on assets) -21% 0.5% -0.18%
  Average Loan Size (% of per capita income) N/A 26.00% 11.58%

Country Fast Facts

Field Partner Staff

Trisha Clauson
Bart Hartman
Badara Konate