How local community‘Blocs’ can help each otherstop overpaying for energy+
+theneedProperty owners, small business and nonprofits in underserved communities continue tooverpay for energy because:1)...
CommunityCommunityor Faith basedor Faith basedorganizationsorganizationsagree toagree tobecome a Kivabecome a KivaZip trus...
What an Kiva Zip character loan endorsement looks like
Contacts at Kiva (after Sulin leaves NY)Justin Renfro justin@kiva.orgJonny Price jonny@kiva.orgContacts at BlocPowerDonnel...
Contacts at Kiva (after Sulin leaves NY)Justin Renfro justin@kiva.orgJonny Price jonny@kiva.orgContacts at BlocPowerDonnel...
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BlocPower.org & Kiva Zip: Helping communities Stop Overpaying for Energy

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BlocPower.org & Kiva Zip: Helping communities Stop Overpaying for Energy

  1. 1. How local community‘Blocs’ can help each otherstop overpaying for energy+
  2. 2. +theneedProperty owners, small business and nonprofits in underserved communities continue tooverpay for energy because:1) not engaged, thus not aware- communities where retrofit savings benefit most areoften the last to be engaged2) challenges financing upfront investment $1,000-$10,000- ‘too risky’ for banks,borrower due diligence too costly/too little dataBlocPower will work through community leaders leaders to aggregate “blocs” ofsmall businesses and property owners:-1) Negotiate pricing discounts2) Create peer to peer social pressure for repayment3) Hire local unemployed residents for product installation4) Negotiate/structure partnerships for 0%/low interest financingKiva Zip partners community leaders, nonprofits and grassroot organizations toendorse small business owners of “trustworthy character” for 0% interestcapital:-• 0% interest microloans entirely crowdfunded online ($5000, $10,000, $20,000)• Unique: Pure character-based lending, designed to help small businesses and borrowerswith 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. 3. CommunityCommunityor Faith basedor Faith basedorganizationsorganizationsagree toagree tobecome a Kivabecome a KivaZip trusteesZip trusteesWorking together as a community to lower energy costsfor neighboring businesses, property owners, churchesand non-profits in low income areas:HOW IT WOULD WORKBlocPowerBlocPoweridentifies propertyidentifies propertyowners whose nettowners whose nettmonthly energymonthly energysavings > monthlysavings > monthlyinstallments on theinstallments on theloansloansTrustee orgsTrustee orgsendorses thoseendorses thosebusiness/buildingbusiness/buildingowners in theirowners in theircommunity for upcommunity for upto $5000 loans toto $5000 loans topay for retrofitspay for retrofitsKiva LendersKiva Lendersfund the upfrontfund the upfrontcost of retrofits viacost of retrofits via0% interest loans0% interest loansto building ownersto building ownersBuilding/BusinesBuilding/Business ownerss owners pay Kivapay Kivalenders backlenders backprincipal only (noprincipal only (nointerest or fees) ininterest or fees) inequal 24 mthequal 24 mthinstallments.installments.Pocket the nettPocket the nettsavings.savings.11 22 33 44 55
  4. 4. What an Kiva Zip character loan endorsement looks like
  5. 5. Contacts at Kiva (after Sulin leaves NY)Justin Renfro justin@kiva.orgJonny Price jonny@kiva.orgContacts at BlocPowerDonnel Baird, Founder Donnel.Baird@gmail.comKeith Kinch, CCO & Director of Faith Based OutreachKLKinch@gmail.com
  6. 6. Contacts at Kiva (after Sulin leaves NY)Justin Renfro justin@kiva.orgJonny Price jonny@kiva.orgContacts at BlocPowerDonnel Baird, Founder Donnel.Baird@gmail.comKeith Kinch, CCO & Director of Faith Based OutreachKLKinch@gmail.com

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