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

Status Update: August 15, 2018

Kiva granted ACE a grace period on payments owed to Kiva lenders since they were not allowed to fundraise between April and July due to high delinquency. ACE has remained in contact with Kiva as they worked to improve their credit processes and has been allowed to resume fundraising.

Partner Description:

African Clean Energy (ACE) is a family-owned social enterprise, which manufactures and sells innovative cookstoves in Lesotho, Uganda, and Cambodia. The company designs highly efficient cookstoves that burn smokelessly and use about 50-70% less fuel than traditional cookstoves. The solar-charged cookstoves also feature a unique USB port for charging phones and running LED lamps.

ACE cookstoves are regarded as one of the highest quality cookstoves on the market, which reduce emissions enough to yield health benefits.

A unique lending approach:

Kiva funding would allow ACE to expand its existing loan program for customers to purchase cookstoves in Lesotho, Uganda, and Cambodia.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 20, 2015 Oct 12, 2005
Total Loans $1,333,200 $1,540,983,845
Amount of raised Inactive loans $125 $441,200
Number of raised Inactive loans 1 211
Amount of Paying Back Loans $462,975 $158,174,920
Number of Paying Back Loans 3,100 192,098
Amount of Ended Loans $870,100 $1,382,367,725
Number of Ended Loans 2,012 1,821,275
Delinquency Rate 24.92% 17.86%
Amount in Arrears $60,759 $17,532,169
Outstanding Portfolio $237,401 $98,185,245
Number of Loans Delinquent 1,048 58,988
Default Rate 5.75% 1.71%
Amount of Ended Loans Defaulted $50,059 $23,626,635
Number of Ended Loans Defaulted 361 58,907
Currency Exchange Loss Rate 0.80% 0.40%
Amount of Currency Exchange Loss $10,654 $6,566,253
Refund Rate 0.03% 0.61%
Amount of Refunded Loans $375 $9,393,625
Number of Refunded Loans 1 8,726

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 67.03% 77.16%
Average Loan Size $96 $391
Average Individual Loan Size $104 $604
Average Group Loan Size $462 $1,778
Average number of borrowers per group 4.9 7.9
Average GDP per capita (PPP) in local country $2,200 $5,692
Average Loan Size / GDP per capita (PPP) 4.36% 6.87%
Average Time to Fund a Loan 0.57 days 7.92 days
Average Dollars Raised Per Day Per Loan $168.19 $49.38
  Average Loan Term 11.95 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,371 947,481
  Journaling Rate 12.99% 42.77%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 25.83% PY
  Profitability (return on assets) -32.3% N/A -1.09%
  Average Loan Size (% of per capita income) N/A N/A 11.51%

Country Fast Facts

Field Partner Staff

Georgia Armitage
Nataraj Iyer Balasubramanian
Brett Battie
Viola Chimono
Viola Chimono
Amarins Harkema
Mothibeli Lesaoana
Sreylak Ly
Moelo Mokole
Samagh Reathien
Baptiste Roussel
Tyler Sanderson
Vichka Sao
Alice Troostwijk
Joshua Vickers
Judith Walker
Ruben Walker