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.  
 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Oct 16, 2014 Oct 12, 2005
Total Loans $511,000 $2,059,747,905
Amount of raised Inactive loans $0 $315,425
Number of raised Inactive loans 0 367
Amount of Paying Back Loans $200,000 $151,590,125
Number of Paying Back Loans 4 179,148
Amount of Ended Loans $311,000 $1,862,548,250
Number of Ended Loans 8 2,515,843
Delinquency Rate 47.53% 11.65%
Amount in Arrears $45,292 $10,665,177
Outstanding Portfolio $95,292 $91,519,984
Number of Loans Delinquent 3 35,255
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $34,066,956
Number of Ended Loans Defaulted 0 91,292
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,915,654
Refund Rate 0.00% 0.55%
Amount of Refunded Loans $0 $11,263,070
Number of Refunded Loans 0 9,868

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 33.33% 78.51%
Average Loan Size $42,583 $393
Average Individual Loan Size $42,583 $585
Average Group Loan Size $0 $1,913
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $3,100 $5,592
Average Loan Size / GDP per capita (PPP) 1,373.66% 7.03%
Average Time to Fund a Loan 5.15 days 9.13 days
Average Dollars Raised Per Day Per Loan $8,268.37 $43.03
  Average Loan Term 30.83 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 3 1,228,233
  Journaling Rate 27.27% 41.93%
  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 27.12% PY
  Profitability (return on assets) 2.5% N/A -1.71%
  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 Alsenas
Michal Gorczewski
Theary Khut
Choronai Leang