Partner Description:

Gham Power is a for-profit company that develops and installs commercial-scale solar projects in Nepal. The company provides the tools, engineering, design, training and financial models for solar systems that cut diesel consumption and power rural communities that would otherwise be without power. Since it was founded in 2010, Gham has installed solar power for for more than 400 clients ranging from rural communities to urban industries.
Gham Power is recognized by the Nepal Government as a company that is pre-approved to install solar home systems and institutional solar PV systems. Gham has 2 branch offices and over 10 installation partners across the country.
Gham Power has been awarded a 4 star rating from the Global Impact Investing Rating System.  
A unique lending approach:

 With Kiva funding, Gham Power is able to offer loans to fund the upfront cost of a very small electricity utility grid. The loan is disbursed to an individual entrepreneur, who in turn provides access to solar energy to other members of the community. This loan enables the individual to both start a business and create solar energy infrastructure in rural residential communities. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 4, 2015 Oct 12, 2005
Total Loans $11,100 $936,211,750
Amount of raised Inactive loans $0 $432,750
Number of raised Inactive loans 0 376
Amount of Paying Back Loans $11,100 $142,077,525
Number of Paying Back Loans 5 173,686
Amount of Ended Loans $0 $793,701,475
Number of Ended Loans 0 994,431
Delinquency Rate 15.28% 8.09%
Amount in Arrears $1,186 $7,482,296
Outstanding Portfolio $7,762 $92,482,324
Number of Loans Delinquent 5 19,699
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,267
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,373
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,857,300
Number of Refunded Loans 0 5,923

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.18%
Average Loan Size $2,220 $401
Average Individual Loan Size $2,220 $634
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $2,400 $5,899
Average Loan Size / GDP per capita (PPP) 92.50% 6.80%
Average Time to Fund a Loan 0.62 days 6.94 days
Average Dollars Raised Per Day Per Loan $3,578.17 $57.83
  Average Loan Term 37 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 485,879
  Journaling Rate 0.00% 41.51%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 10% APR 22.00% PY 26.06% PY
  Profitability (return on assets) -4.3% 2.8% -0.32%
  Average Loan Size (% of per capita income) N/A 32.00% 17.68%

Country Fast Facts

Field Partner Staff

Sandeep Giri
Ritu Joshi
Anjal Niraul
Sudeep Tuladhar