Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner All Kiva Partners
  Start Date On Kiva Jul 20, 2015 Oct 12, 2005
Total Loans $2,316,925 $1,959,851,975
Amount of raised Inactive loans $0 $372,750
Number of raised Inactive loans 0 341
Amount of Paying Back Loans $544,675 $157,781,285
Number of Paying Back Loans 4,375 181,865
Amount of Ended Loans $1,772,250 $1,771,710,075
Number of Ended Loans 9,153 2,378,176
Delinquency Rate 49.74% 11.74%
Amount in Arrears $157,352 $11,302,177
Outstanding Portfolio $269,872 $96,293,849
Number of Loans Delinquent 4,016 50,859
Default Rate 9.48% 1.83%
Amount of Ended Loans Defaulted $167,967 $32,353,831
Number of Ended Loans Defaulted 1,908 84,926
Currency Exchange Loss Rate 0.69% 0.49%
Amount of Currency Exchange Loss $15,940 $12,017,791
Refund Rate 0.02% 0.54%
Amount of Refunded Loans $475 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 62.31% 78.24%
Average Loan Size $103 $392
Average Individual Loan Size $113 $589
Average Group Loan Size $461 $1,892
Average number of borrowers per group 4.9 8.3
Average GDP per capita (PPP) in local country $2,200 $5,599
Average Loan Size / GDP per capita (PPP) 4.70% 7.00%
Average Time to Fund a Loan 0.54 days 8.93 days
Average Dollars Raised Per Day Per Loan $190.07 $43.85
  Average Loan Term 12.81 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 3,636 1,178,858
  Journaling Rate 21.83% 42.23%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 27.02% PY
  Profitability (return on assets) -126.34% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Wang /CTO
Christine Akuno
Flavia Aloyo
Juliet Amara
Vincent Ayom
Viola Chimono
Andra Du Plooy
Amarins Harkema
Liza Heykoop
Tseliso Kolisang
Brenda Kwaga
Malepeo Mokete
Lillian Ngabire
Jesca Odraru
Paul Ogwang
Chemutai Prima
Dylan Rogers
Vichka Sao
Denis Tanga
Judith Walker