FINCA Peru
Peru
Original Partner Description
FINCA Peru's Mission is to contribute to the empowerment of social and economically disadvantaged women in Peru. By facilitating the integral development of human capacities, FINCA Peru promotes the development of the entrepreneurial spirit within each of its clients. Its mission is to strengthen the social discipline of women through the daily practice of positive values such as equity, solidarity, respect, responsibility and honesty.
FINCA Peru primarily serves women, specifically focusing on mothers who run small businesses and have the will to form mutually-supportive groups such as the village banks. By focusing on women, FINCA Peru operates with the understanding that women who are able to achieve a higher level of income will be able to pass along their earnings directly to all members of their families.
The three fundamental pillars of FINCA Peru's village banks are:
- Training
- Credit
- Savings.
On the basis of these three components, all activity is developed through group meetings of 20 to 30 women that take place weekly or every two weeks. These groups have their meetings in order to receive training and to carry out their loan and savings. Our dedication to the integral development of the capacities of our clients has led to produce a financial service with a training program for business development.
FINCA Peru has also recently launched an export business to promote the beautiful products made by the women they serve. You can learn more about this business here: FINCA Peru Exports
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Jul 23, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $4,278,300 | $280,866,475 | |
| Amount of Raised Inactive Loans | $0 | $8,475 | |
| Number Of Raised Inactive Loans | 0 | 16 | |
| Amount of Paying Back Loans | $221,275 | $76,717,975 | |
| Number Of Paying Back Loans | 235 | 92,492 | |
| Amount of Ended Loans | $4,057,025 | $204,140,025 | |
| Number Of Ended Loans | 5,294 | 280,128 | |
| Delinquency Rate | 0.00% | 2.44% | |
| Amount In Arrears | $0 | $1,253,784 | |
| Outstanding Portfolio | $151,742 | $51,303,862 | |
| Number of Loans Delinquent | 0 | 11,530 | |
| Default Rate | 0.00% | 1.12% | |
| Amount of Ended Loans Defaulted | $0 | $2,280,201 | |
| Amount of Ended Loans | $4,057,025 | $204,140,025 | |
| Number Of Ended Loans Defaulted | 0 | 6,779 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $12,824 | |
| Refund Rate | 0.12% | 1.25% | |
| Amount of Refunded Loans | $5,200 | $3,520,925 | |
| Number Of Refunded Loans | 11 | 4,156 |
| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 96.19% | 74.89% | |
|---|---|---|---|
| Average Loan Size | $307 | $389 | |
| Average Individual Loan Size | $534 | $618 | |
| Average Group Loan Size | $1,857 | $1,631 | |
| Average Number Of Entrepreneurs Per Group | 9.4 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $6,715 | $3,403 | |
| Average Loan Size / GDP Per Capita (PPP) | 4.57% | 11.42% | |
| Average Time To Fund A Loan | 1.88 days | 3.96 days | |
| Average Dollars Raised Per Day Per Loan | $163.09 | $98.13 | |
| Average Loan Term | 4.15 months | 9.26 months |
| This Field Partner | All Kiva Partners | ||
| Total Journals | 3,592 | 131,523 | |
|---|---|---|---|
| Journaling Rate | 65.25% | 39.37% | |
| Average Number Of Comments Per Journal | 0.09 | 0.16 | |
| Average Number Of Recommendations Per Journal | 3.79 | 4.21 |
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 57.80% | 45.10% | 36.11% | |
|---|---|---|---|---|
| Average Partner Return On Assets (Average Profitability) | 9.6% | 4.1% | -1.45% | |
| Average Loan Size (% of Per Capita Income) | 5.66% | 29.80% | 43.69% |
- Country:
- Peru
- Capital:
- Lima
- Official Language:
- Spanish, Quechua, Ayamara
- Population:
- 28,674,757
- Avg Annual Income:
- $6,715
- Labor Force:
- agriculture: 9% industry: 18% services: 73% (2001)
- Population Below Poverty Line:
- 54%
- Literacy Rate:
- 87.7%
- Infant Mortality Rate (per 1000):
- 29 deaths
- Life Expectancy:
- 70 years
Field Partner Staff
Region AyacuchoVanessa Cruz
Iris Lanao Flores
Erika Neilson
José Ramón
Viviana Salinas Lanao
Patricia Zamudio Núñez
Kiva