Partner description
The non-profit Solar and Energy Loan Fund (SELF) is a community lending organization whose mission is to help “Rebuild and Empower Underserved and Underbanked Communities in Florida”.

SELF helps low- to moderate-income property owners identify and make cost-effective improvements to their homes and businesses. Property upgrades focus on energy efficiency, wind resilience and water quality and use.

Low- to moderate-income communities often have substandard housing stock with outdated appliances and inadequate insulation. Working class families are disproportionately affected by steadily rising energy costs. Without affordable financing, many property owners must either endure the negative consequences of deteriorating homes and structures or rely on predatory lenders to secure financing.
A unique lending approach
SELF uses Kiva financing to help women and military veteran homeowners complete much-needed home improvement projects that save money on energy and insurance costs, enhance comfort and livability, build home equity and increase market value, and safeguard their homes from storms and hurricanes.

While homeowners have income to repay the loan, they might not have a solid credit history. The low-cost loans can help borrows to build or strengthen their credit rating.

SELF handles all project management and the borrower's only responsibility is to make monthly loan repayments.
SELF’s clients also have access to energy audits performed by a state-certified energy rater, and all participating contractors have been prescreened for quality assurance. SELF helps clients remove the inefficiencies from their homes and use the energy savings, rebates and tax credits to help pay off the loans over time.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 14, 2014 Oct 12, 2005
Total Loans $828,675 $1,451,478,700
Amount of raised Inactive loans $0 $1,225,950
Number of raised Inactive loans 0 246
Amount of Paying Back Loans $465,350 $148,369,975
Number of Paying Back Loans 76 169,375
Amount of Ended Loans $363,325 $1,301,882,775
Number of Ended Loans 61 1,706,896
Delinquency Rate 0.00% 21.61%
Amount in Arrears $0 $20,695,832
Outstanding Portfolio $231,092 $95,757,787
Number of Loans Delinquent 0 72,467
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,469,414
Number of Ended Loans Defaulted 0 54,461
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,315
Refund Rate 1.26% 0.63%
Amount of Refunded Loans $10,450 $9,156,125
Number of Refunded Loans 2 8,490

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 80.46% 76.69%
Average Loan Size $6,037 $395
Average Individual Loan Size $6,037 $610
Average Group Loan Size $0 $1,774
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $54,800 $5,729
Average Loan Size / GDP per capita (PPP) 11.02% 6.89%
Average Time to Fund a Loan 19.15 days 7.45 days
Average Dollars Raised Per Day Per Loan $315.17 $53.02
  Average Loan Term 59 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 912,350
  Journaling Rate 2.08% 43.89%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR N/A 25.38% PY
  Profitability (return on assets) 9.44% N/A -1.40%
  Average Loan Size (% of per capita income) N/A N/A 12.34%

Country Fast Facts

Field Partner Staff

Duanne Andrade
Jacqueline Hudson