UpEnergy
Approved to post Kiva loans from: Uganda
Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner Description:
UpEnergy is a social enterprise that aims to fight poverty, improve people’s health, and protect forests by making clean energy technologies available to more people in the developing world.
Founded in 2010, the organization works to increase access to clean cookstoves in Uganda, Rwanda and Central America. Additionally, it partners with technology manufactures and local partners on the ground to deliver water purification equipment and solar lights to underserved households at affordable prices.
Kiva loans are used to help UpEnergy expand distribution of its cookstoves through community-based organizations and retailers in Uganda. With this flexible, zero-interest capital, UpEnergy extends in-kind loans to organizations and retailers to purchase inventory for distribution in rural areas.
In Uganda, over 96% of rural households collect firewood for cooking and heating and use traditional three stone fires that are inefficient and extremely polluting. This dependency on wood for cooking fuel -- coupled with inefficient cooking methods -- has contributed significantly to respiratory disease and the country’s alarming deforestation rate. Between 1990 and 2005, Uganda has lost 26.3% of its forest cover, and has a current deforestation rate of over 2% per year.
UpEnergy’s impact:
UpEnergy sources cookstoves and provides in-country infrastructure for warehousing, sales, and distribution throughout Uganda via its local network. It develops strong partnerships with local retailers, community organizations, NGOs, and governments to promote distribution of its products.
UpEnergy currently sells 1,000 cookstoves per month, and projects distribution of 60,000 cookstoves per year by 2015. Along with cookstove acquisition and distribution, UpEnergy captures carbon credit revenues through each end-consumer’s use of the stove.
A client cooking beans on her new cookstove.
Carbon credit revenues enable UpEnergy to sell cookstoves at subsidized prices, even though the per-stove costs of manufacturing and materials, importation, warehousing, and transport can be up to three times the retail price. This makes clean cookstoves a more affordable and attractive option for the people who need them most.
Image courtesy of UpEnergy.
Partner Description:
UpEnergy is a social enterprise that aims to fight poverty, improve people’s health, and protect forests by making clean energy technologies available to more people in the developing world.
Founded in 2010, the organization works to increase access to clean cookstoves in Uganda, Rwanda and Central America. Additionally, it partners with technology manufactures and local partners on the ground to deliver water purification equipment and solar lights to underserved households at affordable prices.
Kiva loans are used to help UpEnergy expand distribution of its cookstoves through community-based organizations and retailers in Uganda. With this flexible, zero-interest capital, UpEnergy extends in-kind loans to organizations and retailers to purchase inventory for distribution in rural areas.
In Uganda, over 96% of rural households collect firewood for cooking and heating and use traditional three stone fires that are inefficient and extremely polluting. This dependency on wood for cooking fuel -- coupled with inefficient cooking methods -- has contributed significantly to respiratory disease and the country’s alarming deforestation rate. Between 1990 and 2005, Uganda has lost 26.3% of its forest cover, and has a current deforestation rate of over 2% per year.
UpEnergy’s impact:
UpEnergy sources cookstoves and provides in-country infrastructure for warehousing, sales, and distribution throughout Uganda via its local network. It develops strong partnerships with local retailers, community organizations, NGOs, and governments to promote distribution of its products.
UpEnergy currently sells 1,000 cookstoves per month, and projects distribution of 60,000 cookstoves per year by 2015. Along with cookstove acquisition and distribution, UpEnergy captures carbon credit revenues through each end-consumer’s use of the stove.
A client cooking beans on her new cookstove.
Carbon credit revenues enable UpEnergy to sell cookstoves at subsidized prices, even though the per-stove costs of manufacturing and materials, importation, warehousing, and transport can be up to three times the retail price. This makes clean cookstoves a more affordable and attractive option for the people who need them most.
Image courtesy of UpEnergy.
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Apr 10, 2013 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $23,475 | $701,737,800 | |
| Amount of raised Inactive loans | $0 | $472,400 | |
| Number of raised Inactive loans | 0 | 319 | |
| Amount of Paying Back Loans | $17,450 | $133,801,450 | |
| Number of Paying Back Loans | 5 | 151,115 | |
| Amount of Ended Loans | $6,025 | $567,463,950 | |
| Number of Ended Loans | 9 | 706,165 | |
| Delinquency Rate | 2.97% | 7.62% | |
| Amount in Arrears | $308 | $6,715,534 | |
| Outstanding Portfolio | $10,364 | $88,094,708 | |
| Number of Loans Delinquent | 3 | 26,829 | |
| Default Rate | 0.00% | 1.13% | |
| Amount of Ended Loans Defaulted | $0 | $6,384,611 | |
| Amount of Ended Loans | $6,025 | $567,463,950 | |
| Number of Ended Loans Defaulted | 0 | 19,060 | |
| Currency Exchange Loss Rate | 0.00% | 0.23% | |
| Amount of Currency Exchange Loss | $0 | $1,591,452 | |
| Refund Rate | 0.00% | 0.69% | |
| Amount of Refunded Loans | $0 | $4,844,475 | |
| Number of Refunded Loans | 0 | 5,336 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 14.29% | 74.30% | |
|---|---|---|---|
| Average Loan Size | $1,677 | $416 | |
| Average Individual Loan Size | $1,677 | $655 | |
| Average Group Loan Size | $0 | $1,843 | |
| Average number of borrowers per group | 0 | 8 | |
| Average GDP per capita (PPP) in local country | $1,500 | $3,372 | |
| Average Loan Size / GDP per capita (PPP) | 111.79% | 12.35% | |
| Average Time to Fund a Loan | 4.92 days | 6.23 days | |
| Average Dollars Raised Per Day Per Loan | $340.50 | $66.87 | |
| Average Loan Term | 8.21 months | 10.72 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 2 | 345,291 | |
|---|---|---|---|
| Journaling Rate | 22.22% | 41.49% | |
| Average Number of Comments Per Journal | 0.00 | 0.07 | |
| Average Number of Recommendations Per Journal | 0.00 | 1.60 |
Borrowing Cost Comparison (based on 2011 data)
| This Field Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 0% APR | 57.00% PY | 32.11% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | 4.5% | -1.95% | |
| Average Loan Size (% of per capita income) | N/A | 61.00% | 19.57% |
Country Fast Facts
- Country:
- Uganda
- Capital:
- Kampala
- Official Language:
- English (official national language, taught in grade schools, used in courts of law and by most newspapers and some radio broadcasts), Ganda or Luganda (most widely used of the Niger-Congo languages, preferred for native language publications in the capital and may be taught in school), other Niger-Congo languages, Nilo-Saharan languages, Swahili, Arabic
- Population:
- 35,918,915
- Avg Annual Income:
- $1,500
- Labor Force:
- agriculture: 82% industry: 5% services: 13%
- Population Below Poverty Line:
- 24.5%
- Literacy Rate:
- 73.2%
- Infant Mortality Rate (per 1000):
- 60.82 deaths
- Life Expectancy:
- 54.46 years
Field Partner Staff
Moses AmoneNicole Ballin
Lisa Ruetgers
Jesse Sekibombo