Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.


Partner Description:
Elephant Energy serves the unmet energy needs of families in southern Africa by distributing affordable, high quality solar lighting products.  Elephant Energy’s innovative, incentive-based model fosters local business by hiring regional sales managers who provide local sales agents and businesses with access to products and ongoing support and training.  

Elephant Energy emphasizes after-sales services through a 2-year product warranty and an in-country product repair system.  Employing market-based solutions, Elephant Energy catalyzes entrepreneurship and clean energy adoption. For more information on Elephant Energy’s work in Namibia and elsewhere, please see our website and visit us on Facebook.

A unique lending approach:
Regional sales managers receive in-kind solar product loans from Elephant Energy, increasing their ability to order stock and supply sales agents and businesses with products.  Currently, the demand for Elephant Energy solar products exceeds the amount that regional sales managers can afford to stock.  With a Kiva loan, they will be able to increase their stock to meet demand, thus increasing the commission they receive from Elephant Energy and enabling more sales agents to act as independent local entrepreneurs.   

Access to these products is important because In many parts of southern Africa, the extension of electric grids to reach currently off-grid populations is technically challenging and financially impossible. The combination of low population density and limited electricity consumption by low-income consumers makes it difficult for poorer nations to invest in widespread electrification. In Namibia, for example, while 70% of the urban population has access to the electric grid, only 15% of rural households are connected.  Most households, especially in rural areas, will not have access to the national grid for many years to come, severely limiting productivity and quality of life.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 25, 2015 Oct 12, 2005
Total Loans $32,375 $874,211,875
Amount of raised Inactive loans $0 $705,675
Number of raised Inactive loans 0 526
Amount of Paying Back Loans $17,425 $136,049,800
Number of Paying Back Loans 4 165,997
Amount of Ended Loans $14,950 $737,456,400
Number of Ended Loans 4 916,276
Delinquency Rate 0.00% 8.55%
Amount in Arrears $0 $7,496,222
Outstanding Portfolio $14,984 $87,693,474
Number of Loans Delinquent 0 22,519
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,715,330
Number of Ended Loans Defaulted 0 27,173
Currency Exchange Loss Rate 1.21% 0.44%
Amount of Currency Exchange Loss $392 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.00% 74.90%
Average Loan Size $4,047 $408
Average Individual Loan Size $4,047 $640
Average Group Loan Size $0 $1,806
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $10,800 $5,934
Average Loan Size / GDP per capita (PPP) 37.47% 6.87%
Average Time to Fund a Loan 0.13 days 6.92 days
Average Dollars Raised Per Day Per Loan $32,086.85 $58.88
  Average Loan Term 5.5 months 11.05 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4 447,150
  Journaling Rate 100.00% 41.58%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.87% PY
  Profitability (return on assets) N/A N/A -0.78%
  Average Loan Size (% of per capita income) N/A N/A 18.82%

Country Fast Facts

Field Partner Staff

Julia Alvarez