Nexus For Development
Approved to post Kiva loans from: Lao PDR, Cambodia, India, Indonesia, Malawi, Myanmar (Burma), Philippines
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
According to the United Nations Development Programme, developing countries are 80 times more likely to be victims of climate-change-related disasters. The majority of investments made in carbon-related technologies, however, do not reach the poorest regions of the developing world.
Nexus, a cooperative of non-profits, currently offers carbon-financing services to SMEs that are reducing the carbon footprint in developing countries. The organization is working to create more sustainable, low-carbon pathways towards poverty alleviation. Through its cooperative structure, Nexus pools resources and distributes risk associated with international funding in carbon.
Nexus has committed to provide clean energy to 20 million people in developing countries and reduce greenhouse gas emissions by 10 million tons CO2eq by 2020.
A unique lending approach:
With Kiva’s help, Nexus offers working capital loans to finance business growth and innovation for SMEs working to alleviate poverty and reduce green house gas emissions in the developing world. Nexus borrowers use the loans to expand their capacity for production, inventory, sales, and marketing activities to scale the growth of their business.
According to the United Nations Development Programme, developing countries are 80 times more likely to be victims of climate-change-related disasters. The majority of investments made in carbon-related technologies, however, do not reach the poorest regions of the developing world.
Nexus, a cooperative of non-profits, currently offers carbon-financing services to SMEs that are reducing the carbon footprint in developing countries. The organization is working to create more sustainable, low-carbon pathways towards poverty alleviation. Through its cooperative structure, Nexus pools resources and distributes risk associated with international funding in carbon.
Nexus has committed to provide clean energy to 20 million people in developing countries and reduce greenhouse gas emissions by 10 million tons CO2eq by 2020.
A unique lending approach:
With Kiva’s help, Nexus offers working capital loans to finance business growth and innovation for SMEs working to alleviate poverty and reduce green house gas emissions in the developing world. Nexus borrowers use the loans to expand their capacity for production, inventory, sales, and marketing activities to scale the growth of their business.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Oct 16, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $511,000 | $2,044,091,155 | |
Amount of raised Inactive loans | $0 | $276,125 | |
Number of raised Inactive loans | 0 | 157 | |
Amount of Paying Back Loans | $200,000 | $159,534,660 | |
Number of Paying Back Loans | 4 | 191,982 | |
Amount of Ended Loans | $311,000 | $1,843,394,190 | |
Number of Ended Loans | 8 | 2,482,279 | |
Delinquency Rate | 47.53% | 12.22% | |
Amount in Arrears | $45,292 | $12,035,288 | |
Outstanding Portfolio | $95,292 | $98,468,303 | |
Number of Loans Delinquent | 3 | 65,685 | |
Default Rate | 0.00% | 1.83% | |
Amount of Ended Loans Defaulted | $0 | $33,692,204 | |
Number of Ended Loans Defaulted | 0 | 88,878 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,608,670 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,936,620 | |
Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 33.33% | 78.46% | |
---|---|---|---|
Average Loan Size | $42,583 | $393 | |
Average Individual Loan Size | $42,583 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $3,100 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 1,373.66% | 7.02% | |
Average Time to Fund a Loan | 5.15 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $8,268.37 | $43.10 | |
Average Loan Term | 30.83 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 3 | 1,218,131 | |
---|---|---|---|
Journaling Rate | 27.27% | 41.90% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 8% APR | N/A | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 2.5% | N/A | -1.35% | |
Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Lao PDR
- Capital:
- Vientiane
- Official Language:
- Lao (official), French, English
- Population:
- 6,803,699
- Avg Annual Income:
- $3,100
- Labor Force:
- agriculture: 73.1%, industry: 6.1%, services: 20.6%
- Population Below Poverty Line:
- 22.00%
- Literacy Rate:
- 72.70%
- Infant Mortality Rate (per 1000):
- 54.53 deaths
- Life Expectancy:
- 63.51 years
Lending Partner Staff
Laura AlsenasMichal Gorczewski
Theary Khut
Choronai Leang