SunFarmer
Approved to post Kiva loans from: Nepal
Status update — August 14, 2017
Kiva has moved this Lending 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.
Kiva has moved this Lending 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 Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Jul 11, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $46,825 | $2,043,136,230 | |
Amount of raised Inactive loans | $0 | $315,725 | |
Number of raised Inactive loans | 0 | 154 | |
Amount of Paying Back Loans | $0 | $158,755,080 | |
Number of Paying Back Loans | 0 | 190,945 | |
Amount of Ended Loans | $46,825 | $1,843,276,930 | |
Number of Ended Loans | 5 | 2,482,141 | |
Delinquency Rate | 0.00% | 12.42% | |
Amount in Arrears | $0 | $12,118,257 | |
Outstanding Portfolio | $0 | $97,565,545 | |
Number of Loans Delinquent | 0 | 65,821 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $33,601,429 | |
Number of Ended Loans Defaulted | 0 | 88,741 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,608,670 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,936,620 | |
Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 83.33% | 78.46% | |
---|---|---|---|
Average Loan Size | $9,365 | $393 | |
Average Individual Loan Size | $9,365 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $2,400 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 390.21% | 7.02% | |
Average Time to Fund a Loan | 0.59 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $15,967.48 | $43.11 | |
Average Loan Term | 74 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 14 | 1,217,547 | |
---|---|---|---|
Journaling Rate | 100.00% | 41.90% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 13% APR | 22.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -21.9% | 2.8% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 32.00% | 0.00% |
Country Fast Facts
- Country:
- Nepal
- Capital:
- Kathmandu
- Official Language:
- Nepali (official) 44.6%, Maithali 11.7%, Bhojpuri 6%, Tharu 5.8%, Tamang 5.1%, Newar 3.2%, Magar 3%, Bajjika 3%, Urdu 2.6%, Avadhi 1.9%, Limbu 1.3%, Gurung 1.2%, other 10.4%, unspecified 0.2%
- Population:
- 30,986,975
- Avg Annual Income:
- $2,400
- Labor Force:
- agriculture: 75%, industry: 7%, services: 18%
- Population Below Poverty Line:
- 25.20%
- Literacy Rate:
- 63.90%
- Infant Mortality Rate (per 1000):
- 40.43 deaths
- Life Expectancy:
- 67.55 years