Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Fondesurco is a non-governmental organization that works closely with clients in the rural regions of Arequipa, Moquegua and Ayacucho in Peru.  Along with prioritizing rural communities, the organization has a strong commitment to environmental sustainability and conservation.

Food insecurity, high rates of illiteracy, lack of essential services such as education and electricity, insecure land and water rights, and poor infrastructure all contribute to increased levels of poverty in the rural areas of Peru. In fact, in 2013, a resident born and residing in Lima could expect to live about 20 years longer than someone born in the southern highlands.

A unique lending approach:

Fondesurco will offer green loans to rural communities in Peru with Kiva lenders’ support. In addition to the green requirement, to qualify for a Kiva loan, borrowers must be living below the Peruvian national poverty line standard. This ensures that lender funds are reaching a population that is truly limited in regards to financial access.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 10, 2014 Oct 12, 2005
Total Loans $204,125 $939,391,750
Amount of raised Inactive loans $0 $523,475
Number of raised Inactive loans 0 519
Amount of Paying Back Loans $118,300 $144,680,000
Number of Paying Back Loans 167 177,234
Amount of Ended Loans $85,825 $794,188,275
Number of Ended Loans 123 994,961
Delinquency Rate 0.56% 7.81%
Amount in Arrears $552 $7,430,834
Outstanding Portfolio $98,315 $95,114,087
Number of Loans Delinquent 4 19,254
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,575
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 0.02% 0.46%
Amount of Currency Exchange Loss $32 $4,278,396
Refund Rate 4.34% 0.63%
Amount of Refunded Loans $8,850 $5,887,300
Number of Refunded Loans 9 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.67% 75.19%
Average Loan Size $712 $401
Average Individual Loan Size $712 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,896
Average Loan Size / GDP per capita (PPP) 5.94% 6.80%
Average Time to Fund a Loan 5.98 days 6.93 days
Average Dollars Raised Per Day Per Loan $119.14 $57.88
  Average Loan Term 12.9 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 488,756
  Journaling Rate 0.00% 41.62%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.19

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 29.00% PY 25.92% PY
  Profitability (return on assets) 0.1% 1.4% -0.29%
  Average Loan Size (% of per capita income) N/A 42.00% 17.68%

Country Fast Facts

Field Partner Staff

Flor Victoria Villena Sosa