SunFarmer is a nonprofit organization that brings solar energy to hospitals, schools, and other institutions that lack reliable energy. According to the World Bank and UN, an estimated 1 billion people use health services without electricity and over 291 million children go to primary schools without access to any electricity.  Lack of electricity prevents access to basic healthcare, education, and other services that are fundamental to alleviating poverty and improving quality of life. 
 
SunFarmer aims to provide high quality solar energy installations at low-cost financing. The organization installs the solar energy system and provides maintenance and support to ensure the system performs over the long-term.
 
A unique lending approach:
 
SunFarmer's loans are used to install solar energy systems at health facilities, schools, and other critical service institutions in remote areas that currently have little or no access to electricity.  Funding from Kiva will be used for loans given directly to these institutions.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 11, 2014 Oct 12, 2005
Total Loans $46,825 $863,833,075
Amount of raised Inactive loans $0 $389,950
Number of raised Inactive loans 0 242
Amount of Paying Back Loans $46,825 $136,676,100
Number of Paying Back Loans 5 165,975
Amount of Ended Loans $0 $726,767,025
Number of Ended Loans 0 902,827
Delinquency Rate 0.00% 8.24%
Amount in Arrears $0 $7,300,766
Outstanding Portfolio $40,378 $88,598,068
Number of Loans Delinquent 0 22,298
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,621,719
Amount of Ended Loans $0 $726,767,025
Number of Ended Loans Defaulted 0 26,679
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,457
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,544,100
Number of Refunded Loans 0 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.33% 74.85%
Average Loan Size $9,365 $408
Average Individual Loan Size $9,365 $641
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,400 $5,937
Average Loan Size / GDP per capita (PPP) 390.21% 6.86%
Average Time to Fund a Loan 0.59 days 6.9 days
Average Dollars Raised Per Day Per Loan $15,967.48 $59.06
  Average Loan Term 74 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 438,820
  Journaling Rate 0.00% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 22.00% PY 27.39% PY
  Profitability (return on assets) N/A 2.8% -0.64%
  Average Loan Size (% of per capita income) N/A 32.00% 19.18%

Country Fast Facts

Field Partner Staff

Amanda Eller
Jason Gray
Andy Moon