Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Closure - May 2021

Kiva has learned that D and E Green Enterprises is closing due to financial and operational problems. The organization has faced serious difficulties following the political and economic crisis, and despite efforts to address these issues it was unable to make sufficient payments on obligations to its funders. Before closing, D and E Green Enterprises made a strong effort to locate alternative services for its members and clients. D and E Green Enterprises has $33,353.08 in outstanding loans to Kiva lenders, which will be defaulted now that the partnership is closed. If Kiva recovers any additional amounts from D and E Green Enterprises during the liquidation process, those funds will be applied proportionally to lenders. D and E Green Enterprises was a partner with Kiva for 5 years, during which time the organization successfully raised $213,875 in loans to Kiva lenders.

D and E Green Enterprises' final loans with Kiva have ended or defaulted, and this partnership is now closed. For the last 30 months, Kiva has been working with D and E Green Enterprises to try to recover the remaining outstanding amounts due to Kiva lenders. Kiva’s present assessment is that this Lending Partner is unable to make further payments, and thus the remaining $33,353.08 in outstanding amounts due to Kiva lenders has been defaulted. If Kiva is able to recover any additional funds from D and E Green Enterprises, they will be applied to lenders' accounts on a pro-rata basis.

Status Update - March 5, 2020

The majority of D and E Green Enterprises' borrowers live and work in gang-controlled areas of Port au Prince. These areas have been the hardest hit by the economic and political crisis and are inaccessible to non-residents of the area. Most recently, kidnappings and violent crimes have become widespread throughout Port au Prince, particularly within the gang-controlled neighborhoods. Due to the ongoing instability in these areas of the capital, D and E Green Enterprise’s clients are facing challenges that make it difficult to repay their loans at this time. As a result, Kiva has paused D and E Green Enterprise’s access to fundraising loans for now, but hopes to continue to support D and E Green Enterprise’s much-needed development efforts in the future. Kiva has been in communication with this partner regularly, and we remain concerned about the safety and well-being of staff and clients affected by recent events. Any and all repayments we are able to collect from borrowers will be repaid to D and E's lenders.

Status Update - October 10, 2019

Kiva has moved this Lending Partner to inactive status, which means D & E Green Enterprises is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance.

Due to the ongoing protests and civil unrest concentrated in the capital of Port-au-Prince, D and E Green Entperprise's clients are facing challenges that make it difficult to repay their loans at this time. Should the political, economic and security situation improve, Kiva hopes to continue to support D and E Green Enterprise's much-needed development efforts. Kiva has been in constant communication with this partner, and we remain concerned about the safety and well-being of staff and clients affected by the unrest.

If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

Partner description:

D&E Green Enterprises is a social enterprise that provides an alternative to inefficient and polluting charcoal cook stoves. 

D&E manufactures affordable, efficient cooking stoves that use on average 50% less charcoal than traditional ones. In addition to economic and health savings, the greater fuel efficiency improves environmental outcomes, reducing carbon emissions and alleviating pressure on Haiti's severely depleted forests. The stoves are manufactured in Haiti and sold via a network of small-scale distributors, usually women, that run small stalls.

D&E is a member of the Global Alliance for Clean Cookstoves, the Clinton Global Initiative, and the United Nations Energy for All Forum. 

• A unique lending approach:D&E will use Kiva capital to provide loans to more distributors for buying inventory, motorbikes and marketing materials.
• D&E plans to start by providing loans to distributors that have been working with them for at least 6 months, report sales at a minimum of 20 stoves per month and don’t have any outstanding credit with D&E or other organizations. New distributors have a great potential to benefit from Kiva loans, so D&E will monitor them closely and provide the opportunity for a Kiva loan after 3 months. 
• D&E provides distributors with training on financial management, basic entrepreneurship and marketing. The organization also takes over-indebtedness very seriously and is developing policies to pair with their existent rigorous method for screening borrowers.