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Unidad Microfinanza Arariwa (UMF Arariwa) is part of a larger umbrella NGO Asociación Arariwa that was founded in 1977 and began offering microcredit in 1994 with the goal of improving the quality of life, skills and equity of the population of the rural Cusco region.
Kimberly Friedland
Raquel Indira
Sheethal Shobowale
Rolando Villanueva Florez
Hugo Yanque Martínez
Peru > Asociación Arariwa
About the Field Partner
About the Field Partner
| Field Partner: | Asociación Arariwa |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 14 months |
| Kiva Entrepreneurs: | 1953 |
| Total Loans: | $532,000 |
| Delinquency Rate: | 0.47% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Active |
|---|---|
See all fundraising loans from this field partner >>
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Other Information Sources
Other Information Sources
| MIX Profile: | View MIX Profile |
|---|---|
| Network Affiliation: | COPEME - El Consorcio de Organizaciones Privadas de Promoción al Desarrollo de la Micro y Pequeña Empresa |
| Social Performance Reporting Level: | N/A |
| Consumer Protection Principles: | N/A |
| Field Partner Website: | View Website |
| Email Contact: | arariwa_cusco@terra.com.pe |
Unidad Microfinanza Arariwa (UMF Arariwa) is part of a larger umbrella NGO Asociación Arariwa that was founded in 1977 and began offering microcredit in 1994 with the goal of improving the quality of life, skills and equity of the population of the rural Cusco region. With a market presence stretching across the entire province of Cusco as well as portions of Puno, Apurimac and Madre de Dios provinces, UMF Arariwa currently serves approximately 14,000 low income entrepreneurs with financial and business development services. UMF Arariwa maintains a strong focus on the village banking methodology, outreach to women – approximately 72% of borrowers are women – and education (all village banking clients receive training in one of four areas) – UMF Arariwa’s services are tailored towards micro-enterprise owners interested primarily in group loan products.
Asociacion Arariwa's mission is to "Contribute to the improvement of the quality of life of low-income women and their families, through the offering of financial and education services."
- Join our lending team: "Amigos/as de Asociación Arariwa"
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Aug 30, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $532,000 | $101,929,710 | |
| Amount of Raised Inactive Loans | $100 | $111,475 | |
| Number Of Raised Inactive Loans | 1 | 164 | |
| Amount of Paying Back Loans | $257,450 | $44,703,125 | |
| Number Of Paying Back Loans | 349 | 63,327 | |
| Amount of Ended Loans | $274,450 | $57,115,110 | |
| Number Of Ended Loans | 213 | 83,635 | |
| Delinquency Rate | 0.47% | 4.28% | |
| Amount of Paying Back Loans Delinquent | $1,214 | $1,913,000 | |
| Amount of Paying Back Loans | $257,450 | $44,703,125 | |
| Number of Paying Back Loans Delinquent | 2 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $274,450 | $57,115,110 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 3.03% | 1.09% | |
| Amount of Refunded Loans | $16,125 | $1,112,375 | |
| Number Of Refunded Loans | 32 | 1,446 | |
| Updated as of November 21, 2009 12:47 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 75.58% | 78.21% | |
|---|---|---|---|
| Average Loan Size | $281 | $403 | |
| Average Individual Loan Size | $462 | $591 | |
| Average Group Loan Size | $3,040 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 13.8 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $6,715 | $3,464 | |
| Average Loan Size / GDP Per Capita (PPP) | 14.09% | 11.65% | |
| Average Time To Fund A Loan | 2.99 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $93.87 | $177.73 | |
| Average Loan Term | 3.93 months | 9.31 months | |
| Updated as of November 21, 2009 12:47 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 113 | 51642 | |
|---|---|---|---|
| Journal Coverage | 19.01% | 28.22% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.63 | 0.32 | |
| Average Number Of Recommendations Per Journal | 6.11 | 10.30 | |
| Updated as of November 21, 2009 12:47 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 32% | 43% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 9% | 10% | 23.43% | |
| Average Partner Return On Assets | 2% | 2% | 0.24% |
Field Partner Staff
Boris FloresKimberly Friedland
Raquel Indira
Sheethal Shobowale
Rolando Villanueva Florez
Hugo Yanque Martínez
Country Fast Facts
Country Fast Facts
| Country: Peru |
| Capital: Lima |
| Official Language: Spanish, Quechua, Ayamara |
| Population: 28,674,757 |
| Avg Annual Income: $6,715 |
| Labor Force: agriculture: 9% industry: 18% services: 73% (2001) |
| Population Below Poverty Line: 54% |
| Literacy Rate: 87.7% |
| Infant Mortality Rate (per 1000): 29 deaths |
| Life Expectancy: 70 years |
| Currency: Peru Nuevos Soles |
| Exchange Rate: 2.8800 PEN = 1 USD |
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