CampoAlto
Colombia
Last updated on June 4, 2012
Partner Description:
CampoAlto is an education institution that offers a variety of classes to students from socially and economically marginalized groups. Today, the program teaches over 5,000 students at seven branches in Bogota. Founded initially to train nursing assistants, it now also offers classes in business administration, law, fashion design, education, health, hotel business and gastronomy.
Previously, CampoAlto offered a payment plan to students, allowing them to attend classes as long as they paid by the end of each semester. Now, Kiva’s zero-interest capital is being applied to offer a true loan program to students who couldn’t otherwise afford tuition. This capital gives the institute the support it needs to reinvest its own revenue to improve facilities and open up new branches throughout the country.
According to CampoAlto, 78% of its students are women and 27% live below the poverty line. These individuals face a number of unique challenges. Many of them have to work multiple jobs or care for children during the day, limiting the time they can take classes. Others can’t afford travel expenses to the institute’s branches. To overcome these obstacles, CampoAlto is expanding its presence in Bogota and elsewhere, and offers a flexible course schedule with early morning and late night shifts.
CampoAlto, a for-profit institution, was founded in 1996 by three doctors who set out to bridge Colombia’s education gap, particularly in the medical field. At that time, there were few technical education options, and even fewer for low-income students. The institute has popularized vocational training in Bogota, helping young people find stable jobs and increase their earning potential. CampoAlto also works with a network of private companies to place students in internships that help launch their careers.
Because CampoAlto’s core business is not purely microfinance, there is some level of additional risk for lenders. For this reason, Kiva has not assigned the institute a risk rating.
Partner Description:
CampoAlto is an education institution that offers a variety of classes to students from socially and economically marginalized groups. Today, the program teaches over 5,000 students at seven branches in Bogota. Founded initially to train nursing assistants, it now also offers classes in business administration, law, fashion design, education, health, hotel business and gastronomy.
Previously, CampoAlto offered a payment plan to students, allowing them to attend classes as long as they paid by the end of each semester. Now, Kiva’s zero-interest capital is being applied to offer a true loan program to students who couldn’t otherwise afford tuition. This capital gives the institute the support it needs to reinvest its own revenue to improve facilities and open up new branches throughout the country.
According to CampoAlto, 78% of its students are women and 27% live below the poverty line. These individuals face a number of unique challenges. Many of them have to work multiple jobs or care for children during the day, limiting the time they can take classes. Others can’t afford travel expenses to the institute’s branches. To overcome these obstacles, CampoAlto is expanding its presence in Bogota and elsewhere, and offers a flexible course schedule with early morning and late night shifts.
CampoAlto, a for-profit institution, was founded in 1996 by three doctors who set out to bridge Colombia’s education gap, particularly in the medical field. At that time, there were few technical education options, and even fewer for low-income students. The institute has popularized vocational training in Bogota, helping young people find stable jobs and increase their earning potential. CampoAlto also works with a network of private companies to place students in internships that help launch their careers.
Because CampoAlto’s core business is not purely microfinance, there is some level of additional risk for lenders. For this reason, Kiva has not assigned the institute a risk rating.
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Aug 8, 2012 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $18,200 | $423,513,950 | |
| Amount of Raised Inactive Loans | $0 | $239,150 | |
| Number Of Raised Inactive Loans | 0 | 206 | |
| Amount of Paying Back Loans | $17,075 | $91,781,200 | |
| Number Of Paying Back Loans | 65 | 99,540 | |
| Amount of Ended Loans | $1,125 | $331,493,600 | |
| Number Of Ended Loans | 3 | 434,605 | |
| Delinquency Rate | 0.00% | 2.16% | |
| Amount In Arrears | $0 | $1,251,783 | |
| Outstanding Portfolio | $16,834 | $58,030,117 | |
| Number of Loans Delinquent | 0 | 10,003 | |
| Default Rate | 0.00% | 0.97% | |
| Amount of Ended Loans Defaulted | $0 | $3,220,059 | |
| Amount of Ended Loans | $1,125 | $331,493,600 | |
| Number Of Ended Loans Defaulted | 0 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 4.12% | 0.96% | |
| Amount of Refunded Loans | $750 | $4,068,925 | |
| Number Of Refunded Loans | 2 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 80.28% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $271 | $406 | |
| Average Individual Loan Size | $271 | $645 | |
| Average Group Loan Size | $0 | $1,741 | |
| Average Number Of Entrepreneurs Per Group | 0 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $6,070 | $3,347 | |
| Average Loan Size / GDP Per Capita (PPP) | 4.46% | 12.14% | |
| Average Time To Fund A Loan | 0.07 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $3,930.32 | $86.59 | |
| Average Loan Term | 2.87 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 0 | 202,730 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 39.94% | |
| Average Number Of Comments Per Journal | 0.00 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.73 |
Borrowing Cost Comparison (based on 2009 data)
Borrowing Cost Comparison (based on 2009 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | N/A | N/A | 35.14% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | N/A | N/A | -0.41% | |
| Average Loan Size (% of Per Capita Income) | N/A | 22.30% | 46.81% |
Country Fast Facts
Country Fast Facts- Country:
- Colombia
- Capital:
- Bogota
- Official Language:
- Spanish
- Population:
- 45,644,023
- Avg Annual Income:
- $6,070
- Labor Force:
- agriculture: 22.4% industry: 18.8% services: 58.8% (2005 est.)
- Population Below Poverty Line:
- 49.2%
- Literacy Rate:
- 90.4%
- Infant Mortality Rate (per 1000):
- 18.9 deaths
- Life Expectancy:
- 72.81 years
Field Partner Staff
Yulieth Castellanos ZambranoAndrea Del Pilar Cuervo Abondano
Alvaro Hoffman
Maria del Pilar Jurado Eugenio
Erika Ramirez
Diana maria Reyes Ariza
Paul Ricketts