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 $222,975 $924,264,175
Amount of raised Inactive loans $0 $610,800
Number of raised Inactive loans 0 283
Amount of Paying Back Loans $80,125 $140,489,800
Number of Paying Back Loans 89 171,145
Amount of Ended Loans $142,850 $783,163,575
Number of Ended Loans 224 979,991
Delinquency Rate 2.88% 8.30%
Amount in Arrears $1,206 $7,561,877
Outstanding Portfolio $41,877 $91,088,878
Number of Loans Delinquent 12 20,138
Default Rate 0.13% 1.37%
Amount of Ended Loans Defaulted $180 $10,717,799
Number of Ended Loans Defaulted 1 30,602
Currency Exchange Loss Rate 0.09% 0.46%
Amount of Currency Exchange Loss $199 $4,210,314
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,840,725
Number of Refunded Loans 0 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 28.03% 75.10%
Average Loan Size $712 $403
Average Individual Loan Size $712 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,800 $5,908
Average Loan Size / GDP per capita (PPP) 14.84% 6.81%
Average Time to Fund a Loan 4.04 days 6.96 days
Average Dollars Raised Per Day Per Loan $176.18 $57.80
  Average Loan Term 11.36 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 256 480,812
  Journaling Rate 100.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

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 26.15% PY
  Profitability (return on assets) 0.05% 2.2% -0.05%
  Average Loan Size (% of per capita income) N/A 41.00% 17.77%

Country Fast Facts

Field Partner Staff

Andrés Carbajal
Isabel Chavez
Alejandro Lobo