TerraClear is a for-profit social enterprise that focuses on overcoming barriers to clean water in Laos through the production and distribution of ceramic water purifiers. More than 30% of the population in Laos lack access to clean drinking water. Problems of poor water and sanitation are particularly prevalent in rural portions of the country where distribution of clean water is limited and expensive.  
TerraClear sells these water purifiers throughout the country and aims to give low-income communities increased access to the product.
With Kiva financing, TerraClear is expanding its services and distributing more clean water purifiers nationwide.
A Unique Lending Approach: 

Trained salespeople introduce TerraClear water purifiers during village meetings. At the village meetings the sales people moderate a discussion on the health ​implications of drinking contaminated water, the cost of purifying unhealthy water via boiling, and the cost of buying clean water in 20 liter bottles. The community then compares these costs versus the cost to purchase a TerraClear water purifier with 2 year warranty​. TerraClear sales people offer a financing option for members of the community who cannot afford to pay the upfront cost of the product - these are individuals/groups featured on Kiva’s website.
With Kiva’s funding, TerraClear can meet the increasing demand for their water purifiers and expand access to clean water in rural communities. 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 26, 2014 Oct 12, 2005
Total Loans $772,525 $841,017,025
Amount of raised Inactive loans $0 $481,125
Number of raised Inactive loans 0 222
Amount of Paying Back Loans $224,125 $135,113,900
Number of Paying Back Loans 375 162,729
Amount of Ended Loans $548,400 $705,422,000
Number of Ended Loans 591 873,525
Delinquency Rate 21.50% 8.61%
Amount in Arrears $40,007 $7,521,099
Outstanding Portfolio $186,082 $87,374,118
Number of Loans Delinquent 128 24,336
Default Rate 11.90% 1.28%
Amount of Ended Loans Defaulted $65,281 $9,044,396
Amount of Ended Loans $548,400 $705,422,000
Number of Ended Loans Defaulted 119 23,680
Currency Exchange Loss Rate 0.00% 0.42%
Amount of Currency Exchange Loss $0 $3,556,056
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,410,350
Number of Refunded Loans 0 5,724

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.40% 74.77%
Average Loan Size $57 $408
Average Individual Loan Size $1,067 $643
Average Group Loan Size $796 $1,816
Average number of borrowers per group 14.1 7.9
Average GDP per capita (PPP) in local country $3,100 $5,941
Average Loan Size / GDP per capita (PPP) 1.85% 6.88%
Average Time to Fund a Loan 1.13 days 6.86 days
Average Dollars Raised Per Day Per Loan $51.00 $59.55
  Average Loan Term 8.74 months 11.01 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 85 416,918
  Journaling Rate 10.86% 40.59%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.35

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 43.00% PY 27.71% PY
  Profitability (return on assets) 8.2% N/A -0.31%
  Average Loan Size (% of per capita income) N/A N/A 19.52%

Country Fast Facts

Field Partner Staff

Nathan Cole
Matt Nieswender