Status Update - April 18, 2013

Kiva and FINCA Perú have ended their partnership after more than five years and $4.7 million in repaid loans. This is due to Kiva increasing its focus on loans that would not be offered without subsidized capital from Kiva lenders. You can learn more about this strategy here. As a well-developed and reputable organization with a range of other international funders, FINCA Perú is able to reach its target population and fulfill its social mission without Kiva's support.

Over the course of the partnership, FINCA Perú always made payments on time and has been a strong and reliable Field Partner. We thank them for their years of collaboration and hope to work with them again in the future.



 Partner Description


FINCA Peru's Mission is to create comprehensive and innovative solutions to facilitate social inclusion as well as women and low income communities' empowerment . 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


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 23, 2007 Oct 12, 2005
Total Loans $4,685,225 $614,900,275
Amount of raised Inactive loans $0 $369,125
Number of raised Inactive loans 0 494
Amount of Paying Back Loans $0 $120,564,225
Number of Paying Back Loans 0 129,960
Amount of Ended Loans $4,685,225 $493,966,925
Number of Ended Loans 6,006 623,941
Delinquency Rate 0.00% 4.44%
Amount in Arrears $0 $3,442,327
Outstanding Portfolio $0 $77,462,472
Number of loanDelinquent 0 16,321
Default Rate 0.00% 1.09%
Amount of Ended Loans Defaulted $0 $5,399,198
Amount of Ended Loans $4,685,225 $493,966,925
Number of Ended Loans Defaulted 0 16,856
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,649
Refund Rate 0.17% 0.74%
Amount of Refunded Loans $7,925 $4,567,000
Number of Refunded Loans 16 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.16% 74.23%
Average Loan Size $325 $419
Average Individual Loan Size $564 $655
Average Group Loan Size $1,857 $1,834
Average number of borrowers per group 9.4 8
Average GDP per capita (PPP) in local country $6,715 $3,416
Average Loan Size / GDP per capita (PPP) 4.84% 12.26%
Average Time to Fund a Loan 2.21 days 5.74 days
Average Dollars Raised Per Day Per Loan $147.24 $72.93
  Average Loan Term 4.21 months 10.45 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 3,769 307,319
  Journaling Rate 60.06% 42.28%
  Average Number of Comments Per Journal 0.10 0.07
  Average Number of Recommendations Per Journal 3.62 1.80

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 29.00% PY 33.12% PY
  Profitability (return on assets) N/A 1.4% -1.31%
  Average Loan Size (% of per capita income) 6.70% 42.00% 38.08%

Country Fast Facts

Field Partner Staff

Iris Lanao Flores
Evelind Mattos
José Ramón
Viviana Salinas Lanao
Patricia Zamudio Núñez