Update 6/22/2015

Caja Rural Señor de Luren was recently bought by CMAC Arequipa, one of the biggest microfinance institutions in Peru. As a result, Kiva has chosen to pause this partner while all assets and liabilities are currently being transferred from one organization to the other. Kiva is actively monitoring the situation and will continue to follow up with CMAC Arequipa, however we expect delays in the organization sending the remaining funds due to Kiva lenders during this time of transition. We will share additional information to lenders as it becomes available. 


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

Caja Rural Señor de Luren is a microfinance institution based in Ica in southern Peru that primarily promotes the development of the country’s agricultural sector through micro-lending. Founded in 1994, the organization diversified to offer microenterprise, consumer and home loans in 2003. By September 2011, it grew to serve over 55,000 borrowers through 41 offices with a loan portfolio of approximately US$184 million.

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Today, Caja Luren provides three major financial products to its clients:




In 2007, an earthquake devastated the Ica area and weakened the local economy. Caja Luren played an instrumental role in helping residents rebuild their lives, homes and businesses. Immediately following the earthquake, the institution offered 6 month grace periods to a large portion of its affected portfolio in order to aid recovery.

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To reduce its operating expenses, Caja Luren partnered with Peru’s National Bank to share its offices and certain resources. This helped expand micro-credit access to some of the poorest and most remote regions of Peru. Today, this partnership has grown to the point where more than half of Caja Luren’s offices work with the National Bank in some capacity.

Caja Luren is a regulated financial institution and reports on a monthly basis to the Peruvian Superintendent of Banks. It adheres to official standards of financial reporting and is audited annually. It has also developed risk managament and internal audit departments to make sure that credit is going to deserving borrowers and being used effectively.

The institution uses Kiva lenders’ funding to expand its operations to support new clients. Many of these people are still recovering from the earthquake nearly six years later. The focus is to provide capital that encourages business growth and housing repair in rural areas around Ica.

Images courtesy of Caja Luren.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 22, 2009 Oct 12, 2005
Total Loans $3,570,375 $700,647,600
Amount of raised Inactive loans $0 $616,900
Number of raised Inactive loans 0 381
Amount of Paying Back Loans $421,550 $132,685,450
Number of Paying Back Loans 714 149,589
Amount of Ended Loans $3,148,825 $567,345,250
Number of Ended Loans 5,204 706,085
Delinquency Rate 32.49% 7.77%
Amount in Arrears $62,384 $6,752,872
Outstanding Portfolio $192,006 $86,956,712
Number of Loans Delinquent 604 27,655
Default Rate 7.65% 1.12%
Amount of Ended Loans Defaulted $240,731 $6,327,222
Amount of Ended Loans $3,148,825 $567,345,250
Number of Ended Loans Defaulted 625 19,053
Currency Exchange Loss Rate 0.06% 0.23%
Amount of Currency Exchange Loss $2,009 $1,591,452
Refund Rate 0.77% 0.69%
Amount of Refunded Loans $27,350 $4,842,450
Number of Refunded Loans 47 5,332

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.48% 74.29%
Average Loan Size $603 $416
Average Individual Loan Size $603 $655
Average Group Loan Size $450 $1,844
Average number of borrowers per group 2 8
Average GDP per capita (PPP) in local country $6,715 $3,373
Average Loan Size / GDP per capita (PPP) 8.98% 12.35%
Average Time to Fund a Loan 10.46 days 6.22 days
Average Dollars Raised Per Day Per Loan $57.62 $66.94
  Average Loan Term 11.23 months 10.71 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3,076 344,967
  Journaling Rate 52.94% 41.53%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.01 1.61

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% PY 29.00% PY 32.11% PY
  Profitability (return on assets) N/A 1.4% -1.95%
  Average Loan Size (% of per capita income) 83.40% 42.00% 19.57%

Country Fast Facts

Field Partner Staff

Guibell Carlevaro
Karla Carlos Angulo
Bárbara Fernandez
Ines Roxana Paucar Soto