Status update - November 3, 2020

PowerControl has faced serious operational problems linked to faulty Solar Home Systems products. Those problems were compounded by the Covid-19 pandemic which has slowed the business' activities considerably. Despite PowerControl drastically cutting down on operational costs, the company hasn't generated any revenue and prospects for loan recovery are minimal. Because of the lack of clarity in future payments, we are defaulting this loan. Kiva will try to stay in touch with PowerControl and hopes to be able to share better news in the near future. If/when PowerControl does make repayment to Kiva, they will be passed along to lenders.

There is no Lending Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Nov 20, 2018 Oct 12, 2005
Total Loans $50,000 $2,061,903,305
Amount of raised Inactive loans $0 $352,250
Number of raised Inactive loans 0 281
Amount of Paying Back Loans $0 $151,797,905
Number of Paying Back Loans 0 180,904
Amount of Ended Loans $50,000 $1,864,459,045
Number of Ended Loans 1 2,517,152
Delinquency Rate 0.00% 11.55%
Amount in Arrears $0 $10,581,884
Outstanding Portfolio $0 $91,634,086
Number of Loans Delinquent 0 34,376
Default Rate 100.00% 1.83%
Amount of Ended Loans Defaulted $50,000 $34,072,925
Number of Ended Loans Defaulted 1 91,307
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 0.00% 78.52%
Average Loan Size $50,000 $393
Average Individual Loan Size $50,000 $585
Average Group Loan Size $0 $1,914
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $1,900 $5,593
Average Loan Size / GDP per capita (PPP) 2,631.58% 7.03%
Average Time to Fund a Loan 5.6 days 9.14 days
Average Dollars Raised Per Day Per Loan $8,926.63 $43.02
  Average Loan Term 12 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,229,646
  Journaling Rate 0.00% 41.94%
  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 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 21.00% PY 27.12% PY
  Profitability (return on assets) -1.5% 0.2% -1.71%
  Average Loan Size (% of per capita income) N/A 134.00% 0.00%

Country Fast Facts

Country:
Tanzania
Capital:
Dodoma
Official Language:
Kiswahili (official), Kiunguja, English (official), Arabic, many local languages
Population:
49,639,138
Avg Annual Income:
$1,900
Labor Force:
agriculture: 80%, industry and services: 20%
Population Below Poverty Line:
28.20%
Literacy Rate:
70.60%
Infant Mortality Rate (per 1000):
43.47 deaths
Life Expectancy:
60.07 years

Lending Partner Staff