How local community ‘Blocs’ can help each other stop overpaying

for energy

+

+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 repayment3) 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

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Community Community or Faith or Faith based based

organizationorganizations s agree to agree to become a Kiva become 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

BlocPower BlocPower identifies identifies property property

owners whose owners whose nett monthly nett monthly

energy savings energy savings > monthly > monthly

installments on installments on the loansthe loans

Trustee orgsTrustee orgs endorses those endorses those business/buildinbusiness/buildin

g owners in g owners in their their

community for community for up to $5000 up to $5000

loans to pay for loans to pay for retrofitsretrofits

Kiva Lenders Kiva Lenders fund the fund the

upfront cost of upfront cost of retrofits via 0% retrofits via 0% interest loans interest loans

to building to building ownersowners

Building/Building/Business Business

owners owners pay pay Kiva lenders Kiva lenders

back principal back principal only (no only (no

interest or interest or fees) in equal fees) in equal

24 mth 24 mth installments. installments.

Pocket the nett Pocket the nett savings.savings.

11 22 33 44 55

What an Kiva Zip character loan endorsement looks like

Contacts at Kiva (after Sulin leaves NY)Justin Renfro justin@kiva.orgJonny Price jonny@kiva.org

Contacts at BlocPowerDonnel Baird, Founder Donnel.Baird@gmail.com

Keith Kinch, CCO & Director of Faith Based Outreach KLKinch@gmail.com