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:
The Asociación de Productores de Tara del Norte (APTN) was founded in 2003 and has since grown its network of small-scale farms into one of the largest producers of tara in all of Peru.

Tara is a small tree native to Peru that provides an excellent source of environmentally-friendly tannins used to manufacture automotive and furniture leathers.

APTN provides comprehensive supply chain services to its farming members, including transport, collection, quality control, storage, and commercialization of tara. In addition, APTN concentrates on maintaining native biodiversity and environmental sustainability by providing technical assistance on sustainable harvesting techniques, and organic insecticides and fertilizers.

A unique lending approach:
APTN serves small-scale tara farmers who have little access to financial services and are generally unable to command high market prices for their crops on their own. Kiva loans are used to finance the purchase of organic fertilizer and insecticides as well as allow farmers to diversify their crops by adding aguaymanto and/or quinoa to their land.

APTN supports these high-value crops, because they are committed to helping their members break the cycle of poverty with financially and environmentally sustainable farming options.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 19, 2015 Oct 12, 2005
Total Loans $91,925 $938,733,525
Amount of raised Inactive loans $850 $507,775
Number of raised Inactive loans 1 467
Amount of Paying Back Loans $54,250 $144,042,825
Number of Paying Back Loans 34 176,404
Amount of Ended Loans $36,825 $794,182,925
Number of Ended Loans 23 994,953
Delinquency Rate 15.92% 7.87%
Amount in Arrears $8,500 $7,432,587
Outstanding Portfolio $53,400 $94,487,939
Number of Loans Delinquent 5 19,266
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,887,300
Number of Refunded Loans 0 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 42.19% 75.19%
Average Loan Size $1,585 $401
Average Individual Loan Size $1,585 $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 $5,897
Average Loan Size / GDP per capita (PPP) 13.21% 6.80%
Average Time to Fund a Loan 13.59 days 6.93 days
Average Dollars Raised Per Day Per Loan $116.60 $57.88
  Average Loan Term 12.98 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 28 486,797
  Journaling Rate 84.85% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% APR 29.00% PY 25.92% PY
  Profitability (return on assets) 43.6% 1.4% -0.29%
  Average Loan Size (% of per capita income) N/A 42.00% 17.68%

Country Fast Facts

Field Partner Staff

José Estanislao Cotrina Olano
Victor Quiroz