Status Update, September 26, 2014:
Kiva and CampoAlto have agreed to end their partnership after more than two years and more than $221,000 in loans raised. This Field Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank CampoAlto for the years of collaboration and wish them success in their future endeavors.
Partner Description:

CampoAlto is an education institution that offers a variety of classes to students from socially and economically marginalized groups. Today, the program teaches over 5,000 students at seven branches in Bogota. Founded initially to train nursing assistants, it now also offers classes in business administration, law, fashion design, education, health, hotel business and gastronomy.

Previously, CampoAlto offered a payment plan to students, allowing them to attend classes as long as they paid by the end of each semester. Now, Kiva’s zero-interest capital is being applied to offer a true loan program to students who couldn’t otherwise afford tuition. This capital gives the institute the support it needs to reinvest its own revenue to improve facilities and open up new branches throughout the country.

According to CampoAlto, 78% of its students are women and 27% live below the poverty line. These individuals face a number of unique challenges. Many of them have to work multiple jobs or care for children during the day, limiting the time they can take classes. Others can’t afford travel expenses to the institute’s branches. To overcome these obstacles, CampoAlto is expanding its presence in Bogota and elsewhere, and offers a flexible course schedule with early morning and late night shifts.

CampoAlto, a for-profit institution, was founded in 1996 by three doctors who set out to bridge Colombia’s education gap, particularly in the medical field. At that time, there were few technical education options, and even fewer for low-income students. The institute has popularized vocational training in Bogota, helping young people find stable jobs and increase their earning potential. CampoAlto also works with a network of private companies to place students in internships that help launch their careers.

Because CampoAlto’s core business is not purely microfinance, there is some level of additional risk for lenders. For this reason, Kiva has not assigned the institute a risk rating.

Learn more about CampoAlto by watching this video right here

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 8, 2012 Oct 12, 2005
Total Loans $221,025 $948,590,975
Amount of raised Inactive loans $0 $375,825
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $0 $141,979,900
Number of Paying Back Loans 0 175,166
Amount of Ended Loans $221,025 $806,235,250
Number of Ended Loans 652 1,011,122
Delinquency Rate 0.00% 8.10%
Amount in Arrears $0 $7,468,353
Outstanding Portfolio $0 $92,214,717
Number of Loans Delinquent 0 18,720
Default Rate 0.04% 1.40%
Amount of Ended Loans Defaulted $83 $11,312,347
Number of Ended Loans Defaulted 1 32,567
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.34% 0.62%
Amount of Refunded Loans $750 $5,911,700
Number of Refunded Loans 2 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.41% 75.25%
Average Loan Size $339 $400
Average Individual Loan Size $339 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $11,100 $5,889
Average Loan Size / GDP per capita (PPP) 3.06% 6.79%
Average Time to Fund a Loan 0.14 days 6.92 days
Average Dollars Raised Per Day Per Loan $2,400.98 $57.76
  Average Loan Term 4.04 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 494,507
  Journaling Rate 0.00% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 32.00% PY 26.05% PY
  Profitability (return on assets) 2.5% 5.1% -0.82%
  Average Loan Size (% of per capita income) N/A 23.00% 17.16%

Country Fast Facts

Field Partner Staff

Leidy Johanna Avendaño Martinez
Belia Elizabeth Barrera Vergara
Yulieth Castellanos Zambrano
Fanny Cordero Herrera
Andrea Del Pilar Cuervo Abondano
Ruth Yaneth Gomez Vargas
Alvaro Hoffman
Maria del Pilar Jurado Eugenio
Diana Linero
Diana Marquez
Maira Alejandra Martinez Castañeda
Magda Milena Moreno Ordoñez
Erika Ramirez
Diana maria Reyes Ariza
Sandra Patricia Rodriguez Castro
Leidy Nataly Rodriguez Rodriguez
Diana Romero