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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 $3,408,600 $605,692,300
Amount of raised Inactive loans $0 $556,050
Number of raised Inactive loans 0 462
Amount of Paying Back Loans $879,125 $120,357,850
Number of Paying Back Loans 1,510 129,783
Amount of Ended Loans $2,529,475 $484,778,400
Number of Ended Loans 4,094 612,884
Delinquency Rate 8.45% 4.05%
Amount in Arrears $48,130 $3,183,813
Outstanding Portfolio $569,812 $78,590,312
Number of loanDelinquent 206 13,778
Default Rate 7.77% 1.11%
Amount of Ended Loans Defaulted $196,429 $5,357,098
Amount of Ended Loans $2,529,475 $484,778,400
Number of Ended Loans Defaulted 504 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $55 $572,888
Refund Rate 0.80% 0.75%
Amount of Refunded Loans $27,350 $4,553,925
Number of Refunded Loans 47 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.79% 74.22%
Average Loan Size $608 $419
Average Individual Loan Size $608 $656
Average Group Loan Size $450 $1,830
Average number of borrowers per group 2 8
Average GDP per capita (PPP) in local country $6,715 $3,424
Average Loan Size / GDP per capita (PPP) 9.05% 12.23%
Average Time to Fund a Loan 10.33 days 5.7 days
Average Dollars Raised Per Day Per Loan $58.82 $73.42
  Average Loan Term 11.25 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,905 302,242
  Journaling Rate 65.74% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.01 1.83

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 33.28% PY
  Profitability (return on assets) 1.1% 1.4% -1.42%
  Average Loan Size (% of per capita income) 83.40% 42.00% 38.08%

Country Fast Facts

Field Partner Staff

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