Last updated October 1, 2013

Partner Description:

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.

Status Update - September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.

Kiva's new risk rating system, which now includes half stars, has enabled us to display Caja Rural Señor de Luren's risk rating with a higher level of granularity. As a result, Caja Rural Señor de Luren's risk rating will now be displayed as 3.5 stars instead of 4 stars.

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. Caja Rural Señor de Luren has been informed of the change in the display of their rating on Kiva's website.

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 $3,295,575 $592,214,975
Amount of raised Inactive loans $125 $816,125
Number of raised Inactive loans 1 663
Amount of Paying Back Loans $843,200 $116,724,125
Number of Paying Back Loans 1,412 124,134
Amount of Ended Loans $2,452,250 $474,674,725
Number of Ended Loans 3,949 602,242
Delinquency Rate 7.49% 4.02%
Amount in Arrears $40,589 $3,026,567
Outstanding Portfolio $541,584 $75,221,618
Number of loanDelinquent 209 12,360
Default Rate 7.79% 1.13%
Amount of Ended Loans Defaulted $191,084 $5,345,663
Amount of Ended Loans $2,452,250 $474,674,725
Number of Ended Loans Defaulted 491 16,814
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $37 $538,403
Refund Rate 0.83% 0.77%
Amount of Refunded Loans $27,350 $4,537,625
Number of Refunded Loans 47 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.87% 74.19%
Average Loan Size $614 $418
Average Individual Loan Size $614 $656
Average Group Loan Size $450 $1,828
Average number of borrowers per group 2 8
Average GDP per capita (PPP) in local country $6,715 $3,429
Average Loan Size / GDP per capita (PPP) 9.15% 12.20%
Average Time to Fund a Loan 10.29 days 5.6 days
Average Dollars Raised Per Day Per Loan $59.68 $74.62
  Average Loan Term 11.26 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,891 296,398
  Journaling Rate 68.57% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.01 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 29.00% PY 33.27% PY
  Profitability (return on assets) 1.1% 1.4% -1.45%
  Average Loan Size (% of per capita income) 83.40% 42.00% 40.88%

Country Fast Facts

Field Partner Staff

Guibell Carlevaro
Karla Carlos Angulo
Liz Lujan
Bertha Nevado San Miguel
Xiomara Rivera Pardo