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Peru > FINCA Peru

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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: Gold Award
Consumer Protection Principles: N/A
Field Partner Website: View Website
Email Contact: fincaperu@fincaperu.net

FINCA Peru's Mission is to contribute to the empowerment of social and economically disadvantaged women in Peru. By facilitating the integral development of human capacities, FINCA Peru promotes the development of the entrepreneurial spirit within each of its clients. Its mission is to strengthen the social discipline of women through the daily practice of positive values such as equity, solidarity, respect, responsibility and honesty.

Finca Perú primarily serves women, specifically focusing on mothers who run small businesses and have the will to form mutually-supportive groups such as the village banks. By focusing on women, FINCA Peru operates with the understanding that women who are able to achieve a higher level of income will be able to pass along their earnings directly to all members of their families.

The three fundamental pillars of FINCA Peru's village banks are:

  • Training
  • Credit
  • Savings.
  • On the basis of these three components, all activity is developed through group meetings of 20 to 30 women that take place weekly or every two weeks. These groups have their meetings in order to receive training and to carry out their loan and savings. Our dedication to the integral development of the capacities of our clients has led to produce a financial service with a training program for business development.

    FINCA Peru has also recently launched an export business to promote the beautiful products made by the women they serve. You can learn more about this business here: Finca Peru Exports

    Kiva Help Repayment Performance on Kiva

        This Field Partner All Kiva Partners
      Start Date On Kiva Jul 23, 2007 Oct 12, 2005
    Total Loans $2,717,400 $101,929,710
    Amount of Raised Inactive Loans $0 $111,475
    Number Of Raised Inactive Loans 0 164
    Amount of Paying Back Loans $571,025 $44,703,125
    Number Of Paying Back Loans 787 63,327
    Amount of Ended Loans $2,146,375 $57,115,110
    Number Of Ended Loans 3,092 83,635
    Delinquency Rate 0.00% 4.28%
    Amount of Paying Back Loans Delinquent $0 $1,913,000
    Amount of Paying Back Loans $571,025 $44,703,125
    Number of Paying Back Loans Delinquent 0 6,018
    Default Rate 0.00% 1.96%
    Amount of Ended Loans Defaulted $0 $1,119,957
    Amount of Ended Loans $2,146,375 $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 0.19% 1.09%
    Amount of Refunded Loans $5,200 $1,112,375
    Number Of Refunded Loans 11 1,446
    Updated as of November 21, 2009 12:54 AM

    Kiva Help Loan Characteristics On Kiva

        This Field Partner All Kiva Partners
      Loans to Women Entrepreneurs 96.46% 78.21%
    Average Loan Size $292 $403
    Average Individual Loan Size $495 $591
    Average Group Loan Size $1,512 $1,494
    Average Number Of Entrepreneurs Per Group 8 0
    Average GDP Per Capita (PPP) in Local Country $6,715 $3,464
    Average Loan Size / GDP Per Capita (PPP) 10.43% 11.65%
    Average Time To Fund A Loan 1.84 days 2.27 days
    Average Dollars Raised Per Day Per Loan $158.43 $177.73
      Average Loan Term 4.16 months 9.31 months
    Updated as of November 21, 2009 12:54 AM

    Kiva Help Journaling Performance on Kiva

        This Field Partner All Kiva Partners
      Total Journals 1158 51642
    Journal Coverage 29.12% 28.22%
    Journal Coverage, Kiva Fellows 0.00% 0.21%
      Journal Frequency (Average Per Loan Per Year) 0.34 0.32
      Average Number Of Recommendations Per Journal 10.50 10.30
    Updated as of November 21, 2009 12:54 AM

    Kiva Help Borrowing Cost Comparison

        This Field Partner Median for MFI Peers in Country All Kiva Partners
      Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) 63% 43% 35.21%
      Average Loan Size (% of Per Capita Income) 5% 10% 23.43%
      Average Partner Return On Assets 3% 2% 0.24%

    Field Partner Staff

    Vanessa Cruz
    Iris Lanao Flores
    Fátima Oriundo
    José Ramón
    Viviana Salinas Lanao
    Patricia Zamudio Núñez

    Kiva Help 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