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 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.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 30, 2020 Oct 12, 2005
Total Loans $3,335,000 $2,071,741,575
Amount of raised Inactive loans $0 $347,200
Number of raised Inactive loans 0 173
Amount of Paying Back Loans $535,000 $150,770,925
Number of Paying Back Loans 6 180,713
Amount of Ended Loans $2,800,000 $1,873,574,085
Number of Ended Loans 33 2,530,735
Delinquency Rate 28.04% 12.41%
Amount in Arrears $150,000 $11,298,771
Outstanding Portfolio $501,700 $91,017,707
Number of Loans Delinquent 2 38,318
Default Rate 0.36% 1.82%
Amount of Ended Loans Defaulted $10,000 $34,166,393
Number of Ended Loans Defaulted 1 91,576
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $13,050,614
Refund Rate 3.00% 0.54%
Amount of Refunded Loans $100,000 $11,275,860
Number of Refunded Loans 1 9,874

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 48.84% 78.53%
Average Loan Size $85,875 $393
Average Individual Loan Size $85,875 $585
Average Group Loan Size $0 $1,915
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $10,800 $5,593
Average Loan Size / GDP per capita (PPP) 795.14% 7.03%
Average Time to Fund a Loan 9.71 days 9.16 days
Average Dollars Raised Per Day Per Loan $8,841.40 $42.97
  Average Loan Term 6.19 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 33 1,234,078
  Journaling Rate 68.57% 41.87%
  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 N/A 27.16% PY
  Profitability (return on assets) -14.78% N/A -1.76%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Binagwaho Gakunju
Anshul Gaur
Olivier Motard