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Partner Description:

CONFRAS is a confederation for agrarian reform in El Salvador founded in the 1980s. It was born out of the need to further land reform efforts following the Salvadoran civil war which began in 1979.

The organization focuses on five main areas, including a) defending agricultural reform through land access, agrarian rights and technical assistance, b) promoting sustainable agricultural development based on a model of food sovereignty and gender equality, c) providing services to affiliates focused on social development and productive economics such as agricultural loans, education, commercialization, etc. d) influencing public policy to improve agricultural and rural development, and e) strengthening CONFRAS’s member organizations.

CONFRAS represents 107 cooperatives with a total membership of approximately 4,000 farmers. Those cooperatives in turn are organized into seven federations. The represented cooperatives are not savings and loan cooperatives; rather, they work together to reclaim land that was previously re-allocated to the landed elite and take advantage of resources that the current government has opened up to producers through technical assistance, financing and more.

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CONFRAS offers its member cooperatives access to financing through a program called PROCAMPO (Agricultural Loan Program for Organization, Women and Production). In 2012, 300 loan recipients received training in personal finances, understanding microcredit and budgeting in addition to agricultural technical assistance. Kiva lenders’ funds are used to help CONFRAS expand its loan portfolio within the PROCAMPO program and impact more Salvadoran farmers who are otherwise excluded from most MFIs.

A unique lending approach

CONFRAS works toward its five main goals through two distinct mechanisms. First, it executes specific projects with the help of international organizations. Second, it acts as a lobbyist and an advisor to politicians, in order to influence policies that will benefit its members.

CONFRAS loan portfolio is administered by a cooperative called ACAF de R.L. (Savings and Loan Cooperative  “La Fuente”). La Fuente is independent of CONFRAS and disburses loans to non-CONFRAS members, although 80% of the loan portfolio consists of PROCAMPO funds. La Fuente’s only office is in San Salvador and it offers savings, remittances and bill pay services. The cooperative disburses business, consumption and agricultural loans.

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Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2013 Oct 12, 2005
Total Loans $21,050 $604,062,050
Amount of raised Inactive loans $0 $524,650
Number of raised Inactive loans 0 440
Amount of Paying Back Loans $21,050 $119,195,225
Number of Paying Back Loans 12 128,510
Amount of Ended Loans $0 $484,342,175
Number of Ended Loans 0 612,364
Delinquency Rate 0.00% 4.13%
Amount in Arrears $0 $3,197,480
Outstanding Portfolio $21,050 $77,511,205
Number of loanDelinquent 0 13,871
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,357,808
Amount of Ended Loans $0 $484,342,175
Number of Ended Loans Defaulted 0 16,820
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $572,886
Refund Rate 0.00% 0.75%
Amount of Refunded Loans $0 $4,553,925
Number of Refunded Loans 0 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 37.50% 74.22%
Average Loan Size $601 $419
Average Individual Loan Size $1,000 $656
Average Group Loan Size $1,823 $1,830
Average number of borrowers per group 3.1 8
Average GDP per capita (PPP) in local country $4,900 $3,423
Average Loan Size / GDP per capita (PPP) 12.27% 12.23%
Average Time to Fund a Loan 22.97 days 5.69 days
Average Dollars Raised Per Day Per Loan $26.18 $73.54
  Average Loan Term 12.5 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 301,704
  Journaling Rate 0.00% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.84

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% APR 31.00% PY 33.16% PY
  Profitability (return on assets) 2.1% 0.7% -1.43%
  Average Loan Size (% of per capita income) N/A 34.00% 40.41%

Country Fast Facts

Field Partner Staff

Orlando Castro
Morena Guadalupe Monroy de Aparicio
Jesus Alberto Tejada Hernandez