Fundraising Status:active
Risk Rating:
What to know about this Lending Partner
Impact Category:
Clean Energy
Default Rate:
1.52%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$4,395,000
Loans at Risk Rate:
21.32%
Kiva Borrowers:
56
Delinquency Rate:
21.32%
Interests and Fees:
N/A
Partner description:
d.light is a global social enterprise delivering affordable solar-powered solutions designed for the 2 billion people in the developing world without access to reliable energy. It provides distributed solar energy solutions for households and small businesses that are transforming the way people all over the world use and pay for energy. Through 10 field offices and four hubs in Africa, China, South Asia and the United States, d.light is dedicated to providing the most reliable, affordable and accessible solar lighting and power systems for the developing world and reaching 150 million people by 2020.
A unique lending approach:
For d.light, Kiva loans will help its small-scale distributors access greater amounts of products to sell and scale the business to reach more people. Since d.light provides financed payment solutions for its customers, more liquidity will allow for more flexibility and stability. Kiva is helping d.light distribute more products and put them into customers' hands, and thus helping them obtain access to energy through the financed model.