Status Update - January 13, 2014

Fundación Campo has made the decision to split into two separate entities: Fundación Campo (which provides wraparound services) and CrediCampo (which provides loans). As a result, we have updated their name on Kiva to reflect this change, referring to them going forward as CrediCampo.


Last Updated January 13, 2014

CrediCampo is an independent non-profit organization based in El Salvador. It aims to empower the economically active poor and small entrepreneurs in rural communities by providing inclusive financial and community development services.

CrediCampo began in 1997 as social reinsertion project launched after the end of the brutal 12-year Salvadoran civil war.  At the time its founding, CrediCampo was established as a trust fund administrator for CARE in El Salvador. In 2004 CARE donated the trust fund to CrediCampo, and since then CrediCampo has operated independently. Fundación Campo has no political or religious affiliations. As of the end of 2010, CrediCampo has a portfolio of $8.8 milllion in outstanding loans, reaching 7,538 people.

CrediCampo operates through Associations of Communal Development (Asociaciones de Desarrollo Comunal or ADESCOs). ADESCOs are community-based organizations, governed and administered by the people who live in each community. CrediCampo’s methodology leverages the ADESCOs through the creation of Communal Credit Committees (CCC). A CCC is made up of members of the corresponding ADESCO, living in each community. The CCC completes the first steps of a loan application and provides an evaluation of the credit worthiness of the prospective client. This way CrediCampo taps into the knowledge that the members of a community have about their neighbors, friends, and family who want to become a client of the institution.

Overall Mission: Promote the development of rural communities, and improve the quality of life of the people that live within them.

Mission of the Microfinance Unit: Provide financial leverage for the development of rural communities

Mission of the Community Development Unit: Be a catalyst for the socio-economic organization of rural communities and the empowerment of their people.

Recently, CrediCampo established a Community Development Unit (UNDESCO) as part of its operations. The UNDESCO works directly with communities to provide technical assistance, training and capacity building, improve health, education and access to basic services and infrastructure, and drive the development of projects that strengthen the local economy.

CrediCampo’s deep commitment to excellence is evidenced by (i) the management and channeling of approximately US$2 million for the development of 50 projects that have benefited 3,000 families directly, and indirectly more than 5,000, improving the productivity, education, health and environmental conditions of rural families; (ii) the recognition granted by the Microfinance Information Exchange by granting, during four consecutive years, the certificate of transparency, quality, and trustworthiness of the microfinance information; and (iii) the recognition granted by the Multi-Sector Investment Bank for the excellent productivity in the placement of loans in communities of extreme poverty.

CrediCampo is interested in using Kiva funding primarily for subsistence agriculture loans. The organization plans to use the added savings resulting from Kiva’s 0% interest funding to further develop the UNDESCO and its innovative wraparound services, including educational and technical assistance programs, a loan officer training school, and a value chain pilot project that is currently being developed with local producers’ associations.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 7, 2011 Oct 12, 2005
Total Loans $3,545,450 $592,993,000
Amount of raised Inactive loans $0 $779,925
Number of raised Inactive loans 0 606
Amount of Paying Back Loans $2,180,300 $117,040,575
Number of Paying Back Loans 3,075 124,358
Amount of Ended Loans $1,365,150 $475,172,500
Number of Ended Loans 1,919 603,009
Delinquency Rate 2.00% 3.96%
Amount in Arrears $33,827 $2,989,208
Outstanding Portfolio $1,689,537 $75,562,521
Number of loanDelinquent 150 11,915
Default Rate 0.66% 1.12%
Amount of Ended Loans Defaulted $9,026 $5,344,932
Amount of Ended Loans $1,365,150 $475,172,500
Number of Ended Loans Defaulted 15 16,810
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $538,749
Refund Rate 0.20% 0.77%
Amount of Refunded Loans $7,175 $4,537,625
Number of Refunded Loans 10 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.44% 74.19%
Average Loan Size $710 $418
Average Individual Loan Size $710 $656
Average Group Loan Size $0 $1,828
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $4,900 $3,429
Average Loan Size / GDP per capita (PPP) 14.49% 12.19%
Average Time to Fund a Loan 12.96 days 5.61 days
Average Dollars Raised Per Day Per Loan $54.79 $74.53
  Average Loan Term 14.35 months 10.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,138 296,539
  Journaling Rate 64.60% 42.37%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 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 26% PY 31.00% PY 33.27% PY
  Profitability (return on assets) 5.6% 0.7% -1.45%
  Average Loan Size (% of per capita income) 37.60% 34.00% 40.88%

Country Fast Facts

Field Partner Staff

Glendys Argueta
Juan Barbed
Jonathan Chavarría
Iris Chávez
Sarai Ferrufino
silvia garcia
yessica martinez
esther membreño
Carlos Murillo
Frineé Orellana
beatriz reyes
Iris Azucena Rodriguez Giron
jacquelinee romero
Lilian Sandoval
Roxana Velis