Asociación Arariwa
Peru
Original Partner Description
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.
UMF Arariwa was cited as one of the Top 25 Peruvian Microfinance Institutions in October 2009.
Mission: To contribute to the improvement of the quality of life of low-income women and their families by offering financial and educational services.
Vision: By 2010, poor urban and rural sectors of the South Andes will have their own well-funded economic activies, will generate higher incomes, and will improve their overall quality of life thanks to the quality, coverage and diversity of the financial and non-financial services provided to them by Arariwa's Unidad de Microfinanzas. UMF Arariwa provides these services with leadership, sustainability, and a focus on human development.
Values
• Respect - For our colleagues, clients and society
• Loyalty - To the institution, to its principles and business rules. Report incorrect actions of our colleagues and clients
• Honesty - Work with transparency, decency, responsibility and professionalism, to maintain the trust that society and our clients place in our organization
• Confidentiality - Protect the information entrusted to us by UMF Arariwa, our colleagues and our clients during our day-to-day work
• Integrity in the use of resources - Use only the resources that correspond to UMF Arariwa and our clients
- Join our lending team: "Amigos/as de Asociación Arariwa"
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Aug 30, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $4,893,150 | $280,713,025 | |
| Amount of Raised Inactive Loans | $0 | $10,525 | |
| Number Of Raised Inactive Loans | 0 | 17 | |
| Amount of Paying Back Loans | $961,425 | $76,564,275 | |
| Number Of Paying Back Loans | 1,682 | 92,262 | |
| Amount of Ended Loans | $3,931,725 | $204,138,225 | |
| Number Of Ended Loans | 5,468 | 280,125 | |
| Delinquency Rate | 1.03% | 2.45% | |
| Amount In Arrears | $7,040 | $1,254,316 | |
| Outstanding Portfolio | $686,724 | $51,149,836 | |
| Number of Loans Delinquent | 45 | 11,545 | |
| Default Rate | 0.00% | 1.12% | |
| Amount of Ended Loans Defaulted | $0 | $2,280,201 | |
| Amount of Ended Loans | $3,931,725 | $204,138,225 | |
| Number Of Ended Loans Defaulted | 0 | 6,779 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $12,824 | |
| Refund Rate | 0.82% | 1.24% | |
| Amount of Refunded Loans | $39,925 | $3,477,150 | |
| Number Of Refunded Loans | 71 | 4,129 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 78.91% | 74.90% | |
|---|---|---|---|
| Average Loan Size | $388 | $389 | |
| Average Individual Loan Size | $495 | $618 | |
| Average Group Loan Size | $3,373 | $1,631 | |
| Average Number Of Entrepreneurs Per Group | 12.6 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $6,715 | $3,402 | |
| Average Loan Size / GDP Per Capita (PPP) | 5.77% | 11.42% | |
| Average Time To Fund A Loan | 2.65 days | 3.96 days | |
| Average Dollars Raised Per Day Per Loan | $146.31 | $98.13 | |
| Average Loan Term | 3.87 months | 9.26 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 3,275 | 131,404 | |
|---|---|---|---|
| Journaling Rate | 53.49% | 39.40% | |
| Average Number Of Comments Per Journal | 0.06 | 0.16 | |
| Average Number Of Recommendations Per Journal | 0.35 | 4.21 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 34.50% | 45.10% | 36.11% | |
|---|---|---|---|---|
| Average Partner Return On Assets (Average Profitability) | -0.8% | 4.1% | -1.45% | |
| Average Loan Size (% of Per Capita Income) | 11.11% | 29.80% | 43.69% |
- 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
Field Partner Staff
Jeff BochslerAmelia Burke
Boris Flores
Raquel Indira
Caroline Nguyen
Karla Dyan Pineda Moscoso
Ninoska Saravia Cunza
Rolando Villanueva Florez
Hugo Yanque Martínez
Kiva