2. +
the
need
Property owners, small business and nonprofits in underserved communities continue to
overpay for energy because:
1) not engaged, thus not aware- communities where retrofit savings benefit most are
often the last to be engaged
2) challenges financing upfront investment $1,000-$10,000- ‘too risky’ for banks,
borrower due diligence too costly/too little data
BlocPower will work through community leaders leaders to aggregate “blocs” of
small businesses and property owners:-
1) Negotiate pricing discounts
2) Create peer to peer social pressure for repayment
3) Hire local unemployed residents for product installation
4) Negotiate/structure partnerships for 0%/low interest financing
Kiva Zip partners community leaders, nonprofits and grassroot organizations to
endorse small business owners of “trustworthy character” for 0% interest
capital:-
• 0% interest microloans entirely crowdfunded online ($5000, $10,000, $20,000)
• Unique: Pure character-based lending, designed to help small businesses and borrowers
with damaged credit and/or ‘too risky’ for traditional lending
• “Lending based on Trust and Good Faith” - no credit score, no collections agency
• Successfully funded 821 small businesses in 16 months, 226 in the US (99.5% funding rate,
90% repayment rate)
• Pays for monthly installments (principal only) out of monthly energy savings
+
3. CommunityCommunity
or Faith basedor Faith based
organizationsorganizations
agree toagree to
become a Kivabecome a Kiva
Zip trusteesZip trustees
Working together as a community to lower energy costs
for neighboring businesses, property owners, churches
and non-profits in low income areas:
HOW IT WOULD WORK
BlocPowerBlocPower
identifies propertyidentifies property
owners whose nettowners whose nett
monthly energymonthly energy
savings > monthlysavings > monthly
installments on theinstallments on the
loansloans
Trustee orgsTrustee orgs
endorses thoseendorses those
business/buildingbusiness/building
owners in theirowners in their
community for upcommunity for up
to $5000 loans toto $5000 loans to
pay for retrofitspay for retrofits
Kiva LendersKiva Lenders
fund the upfrontfund the upfront
cost of retrofits viacost of retrofits via
0% interest loans0% interest loans
to building ownersto building owners
Building/BusinesBuilding/Busines
s ownerss owners pay Kivapay Kiva
lenders backlenders back
principal only (noprincipal only (no
interest or fees) ininterest or fees) in
equal 24 mthequal 24 mth
installments.installments.
Pocket the nettPocket the nett
savings.savings.
11 22 33 44 55
4. What an Kiva Zip character loan endorsement looks like
5. Contacts at Kiva (after Sulin leaves NY)
Justin Renfro justin@kiva.org
Jonny Price jonny@kiva.org
Contacts at BlocPower
Donnel Baird, Founder Donnel.Baird@gmail.com
Keith Kinch, CCO & Director of Faith Based Outreach
KLKinch@gmail.com
6. Contacts at Kiva (after Sulin leaves NY)
Justin Renfro justin@kiva.org
Jonny Price jonny@kiva.org
Contacts at BlocPower
Donnel Baird, Founder Donnel.Baird@gmail.com
Keith Kinch, CCO & Director of Faith Based Outreach
KLKinch@gmail.com
