Soluz Honduras is a social and environmental enterprise committed to increasing energy access for Hondurans using solar technology. By distributing solar products and related financing to provide affordable clean electricity, Soluz Honduras contributes to economic development while protecting the environment.
 
Established in 1994, Soluz Honduras is a pioneer in solar rural electrification and has provided solar electric systems and related financing to tens of thousands of rural households, enterprises, and community facilities (schools, clinics, and community centers).
 
A unique lending approach:
 
Honduras has one of the lowest rural electrification rates in Latin America after Nicaragua, with about 50 percent of the rural population still lacking access to electricity. Soluz Honduras provides loans for the following borrowers:
 
·      Individual households or businesses for the purchase of solar products tailored for their needs and budget.
·      Micro-entrepreneurs to finance solar product inventory to help them build their own solar product distribution businesses.
 
Kiva funding will help Soluz Honduras expand its credit program to serve deeper into the base of the economic pyramid and to open up new markets for solar products that serve the poor. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 21, 2014 Oct 12, 2005
Total Loans $250,400 $973,426,675
Amount of raised Inactive loans $0 $453,325
Number of raised Inactive loans 0 230
Amount of Paying Back Loans $83,200 $146,082,550
Number of Paying Back Loans 80 182,274
Amount of Ended Loans $167,200 $826,890,800
Number of Ended Loans 254 1,039,570
Delinquency Rate 1.54% 8.35%
Amount in Arrears $765 $7,901,679
Outstanding Portfolio $49,809 $94,659,120
Number of Loans Delinquent 14 20,373
Default Rate 0.11% 1.39%
Amount of Ended Loans Defaulted $180 $11,517,049
Number of Ended Loans Defaulted 1 33,034
Currency Exchange Loss Rate 0.08% 0.45%
Amount of Currency Exchange Loss $199 $4,428,385
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $5,967,400
Number of Refunded Loans 0 5,984

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.87% 75.39%
Average Loan Size $750 $399
Average Individual Loan Size $750 $629
Average Group Loan Size $0 $1,759
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $4,800 $5,875
Average Loan Size / GDP per capita (PPP) 15.62% 6.79%
Average Time to Fund a Loan 4.12 days 6.9 days
Average Dollars Raised Per Day Per Loan $181.88 $57.75
  Average Loan Term 11.64 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 294 509,005
  Journaling Rate 100.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% APR 36.00% PY 26.12% PY
  Profitability (return on assets) 0.1% 2.2% -1.72%
  Average Loan Size (% of per capita income) N/A 41.00% 16.65%

Country Fast Facts

Field Partner Staff

Andrés Carbajal
Isabel Chavez
Alejandro Lobo