Status update — August 14, 2017
Kiva has moved this Field Partner to inactive status. This means Sunfarmer is temporarily not fundraising loans on Kiva and this partner doesn’t have an outstanding balance with Kiva lenders. Sunfarmer has recently changed its overall strategy and is taking time to develop a new type of loan to be fundraised on Kiva. If and when this partner requests to fundraise again, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

Partner description: 
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 $994,173,925
Amount of raised Inactive loans $0 $246,850
Number of raised Inactive loans 0 286
Amount of Paying Back Loans $0 $153,984,725
Number of Paying Back Loans 0 196,046
Amount of Ended Loans $46,825 $839,942,350
Number of Ended Loans 5 1,055,629
Delinquency Rate 0.00% 8.66%
Amount in Arrears $0 $8,865,405
Outstanding Portfolio $0 $102,333,532
Number of Loans Delinquent 0 30,827
Default Rate 0.00% 1.42%
Amount of Ended Loans Defaulted $0 $11,900,367
Number of Ended Loans Defaulted 0 34,261
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,517,245
Refund Rate 0.00% 0.60%
Amount of Refunded Loans $0 $5,985,075
Number of Refunded Loans 0 6,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.33% 75.51%
Average Loan Size $9,365 $398
Average Individual Loan Size $9,365 $627
Average Group Loan Size $0 $1,756
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $2,400 $5,871
Average Loan Size / GDP per capita (PPP) 390.21% 6.78%
Average Time to Fund a Loan 0.59 days 6.92 days
Average Dollars Raised Per Day Per Loan $15,967.48 $57.53
  Average Loan Term 74 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 519,327
  Journaling Rate 0.00% 41.10%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.14

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 22.00% PY 26.33% PY
  Profitability (return on assets) -21.9% 2.8% -1.14%
  Average Loan Size (% of per capita income) N/A 32.00% 16.31%

Country Fast Facts

Field Partner Staff

Amanda Eller
Eli Mitchell-Larson
Andy Moon