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 $1,883,850 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $551,200 $163,202,810
Number of Paying Back Loans 4,536 193,982
Amount of Ended Loans $1,332,650 $1,591,353,280
Number of Ended Loans 5,302 2,108,808
Delinquency Rate 35.34% 15.34%
Amount in Arrears $114,360 $15,585,726
Outstanding Portfolio $269,567 $101,609,202
Number of Loans Delinquent 1,953 72,330
Default Rate 9.35% 1.70%
Amount of Ended Loans Defaulted $124,666 $26,998,026
Number of Ended Loans Defaulted 1,324 70,224
Currency Exchange Loss Rate 0.66% 0.46%
Amount of Currency Exchange Loss $12,524 $9,202,644
Refund Rate 0.03% 0.57%
Amount of Refunded Loans $475 $9,961,195
Number of Refunded Loans 2 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 63.67% 77.81%
Average Loan Size $101 $389
Average Individual Loan Size $110 $594
Average Group Loan Size $461 $1,839
Average number of borrowers per group 4.9 8.2
Average GDP per capita (PPP) in local country $2,200 $5,628
Average Loan Size / GDP per capita (PPP) 4.58% 6.90%
Average Time to Fund a Loan 0.63 days 8.44 days
Average Dollars Raised Per Day Per Loan $160.51 $46.05
  Average Loan Term 12.4 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,452 1,071,973
  Journaling Rate 6.05% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.11% PY
  Profitability (return on assets) N/A N/A 0.00%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Field Partner Staff

Wang /CTO
Flavia Aloyo
Vincent Ayom
Viola Chimono
Viola Chimono
Andra Du Plooy
Amarins Harkema
Liza Heykoop
Tseliso Kolisang
Lilian Lomachar
Sreylak Ly
Malepeo Mokete
Moelo Mokole
Samagh Reathien
Tyler Sanderson
Vichka Sao
Alice Troostwijk
Judith Walker
Ruben Walker