Status Update: 
Kiva and Inyenyeri have agreed to end their partnership after nearly 4 years and $11,000 in loans raised. This partnership was experimental, Kiva and Inyenyeri mutually agreed after some experimentation that running a lending model with Kiva wasn't an efficient fit for their business model at this time. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Inyenyeri for the years of collaboration and wish them success in their future endeavors.

Partner description:
Inyenyeri is a for-profit renewable energy company providing a clean and affordable cooking solution to rural and urban households in East Africa, starting in Rwanda. They supply high-quality cookstoves to customers on a lease basis and produce clean-cooking fuel pellets locally. By creating a system that incorporates both the fuel and the stove, they are able to create demand for their revenue-generating product while maximizing the health, environmental and social impacts of clean cooking.

The company was founded in 2012 by Eric Reynolds, outdoor outfitter Marmot's co-founder and former chairman and CEO.

A unique lending approach:
Loans funded on Kiva will cover the cost of leasing a clean cookstove from Inyenyeri, with a unique repayment model that allows clients to repay the loan by buying fuel for the stove. Urban clients repay by buying pellet fuel from Inyenyeri in cash, while rural clients repay by collecting wood or sawdust for Inyenyeri, which in turn also counts as payment for their pellet fuel.

Loans in rural areas are either group loans made up of members of the same community, or individual loans. No collateral is required, but the village members and village chief will help encourage clients to adhere to the contract.

Urban customers also sign a contract with Inyenyeri committing to purchase fuel at a set price on a monthly basis and promising to return the stove if they don’t continue purchasing fuel.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Jun 14, 2017 Oct 12, 2005
Total Loans $11,700 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $0 $160,872,085
Number of Paying Back Loans 0 188,297
Amount of Ended Loans $11,700 $1,768,236,180
Number of Ended Loans 17 2,370,020
Delinquency Rate 0.00% 12.24%
Amount in Arrears $0 $12,206,242
Outstanding Portfolio $0 $99,725,561
Number of Loans Delinquent 0 72,811
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,298,216
Number of Ended Loans Defaulted 0 84,743
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 64.71% 78.22%
Average Loan Size $87 $392
Average Individual Loan Size $0 $589
Average Group Loan Size $688 $1,891
Average number of borrowers per group 7.9 8.3
Average GDP per capita (PPP) in local country $1,700 $5,599
Average Loan Size / GDP per capita (PPP) 5.14% 7.00%
Average Time to Fund a Loan 2.44 days 8.93 days
Average Dollars Raised Per Day Per Loan $35.84 $43.87
  Average Loan Term 19 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,470
  Journaling Rate 0.00% 42.26%
  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 31.00% PY 27.02% PY
  Profitability (return on assets) -52.6% -3.2% -3.10%
  Average Loan Size (% of per capita income) N/A 81.00% 0.00%

Country Fast Facts

Lending Partner Staff