Status update on Fundacion Agrocapital from Kiva Staff on June 1, 2011:

Fundacion Agrocapital has successfully paid back all outstanding debt owed to Kiva lenders. Kiva has therefore close the partnership without prejudice. We thank you for your support of Agrocapital borrowers on Kiva!

Status update on Fundacion Agrocapital from Kiva Staff on June 24, 2010:

Fundacion Agrocapital has decided to close its relationship with Kiva.

All loans that have been recently funded on Kiva will be refunded to lenders. There are also $259,932.07 in current outstanding loans; as repayments come in from these borrowers, those funds will also be paid back to lenders. As these additional payments are received from Fundacion Agrocapital, the high delinquency ratio expressed on the Kiva website should fall to normal levels.

We'd like to thank Kiva lenders for their support of Fundacion Agrocapital borrowers over the last 33 months. $3,145,300 has been raised for AgroCapital borrowers with the help of the Kiva community. Many thanks for your continued support!

COMPANY PROFILE

 

The Agrocapital Foundation was created on January 23, 1992 with the purpose of providing Financial Services in the rural and urban areas of our country. Agrocapital uses the appropriate financial instruments and mechanisms to attain its goals.

Our strategic plan as defined by our vision: "We integrate the rural sector into the national economy, as a profitable and reliable institution that provides efficient, customized and dynamic financial services".

The Mission: "We are a Financial Institution engaged with the economic agents of the rural sector, providing access to competitive and integral financial services.

Please take a moment to get to know AgroCapital's headquarters here:

 

We rely on highly qualified personnel and technology to take care of our clients needs throughout the country”.

Agrocapital considers a financial organization to be a type of development tool that uses strategies to fight against poverty and generate income. It is for this reason that the rural sector of the community, having been abandoned by the formal financial system, remains our highest-priority, as they are the clients with the greatest need.

Agrocapital finances the following sectors: Farming, Agro-industrial and Commercial. Other services include, microcredit products, commercial credits and communal banks; for this Agrocapital depends on the Central office located in Cochabamba “Nataniel Aguirre no. 669" and 12 other agencies located in the main cities of Bolivia (La Paz; El Alto; Cochabamba City: “Nataniel Aguirre casi Uruguay No. 669”; Entre Rivers and one in Ivirgarzama; Santa Cruz: Mineros, Montero, Warnes, San Pedro, Yapacaní, San Julián, El Abasto (city) and La Ramada (city), with a total of 130 civil employees in the entire organization as of July 2007.

Visit one of Fundacion AgroCapital's village banks with us:

 

 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 29, 2007 Oct 12, 2005
Total Loans $2,955,225 $605,131,875
Amount of raised Inactive loans $0 $550,950
Number of raised Inactive loans 0 463
Amount of Paying Back Loans $0 $119,988,900
Number of Paying Back Loans 0 129,496
Amount of Ended Loans $2,955,225 $484,592,025
Number of Ended Loans 1,266 612,495
Delinquency Rate 0.00% 4.07%
Amount in Arrears $0 $3,185,471
Outstanding Portfolio $0 $78,210,022
Number of loanDelinquent 0 13,785
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,357,098
Amount of Ended Loans $2,955,225 $484,592,025
Number of Ended Loans Defaulted 0 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $572,888
Refund Rate 10.05% 0.75%
Amount of Refunded Loans $297,100 $4,553,925
Number of Refunded Loans 126 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 78.31% 74.22%
Average Loan Size $262 $419
Average Individual Loan Size $755 $656
Average Group Loan Size $3,190 $1,830
Average number of borrowers per group 13.2 8
Average GDP per capita (PPP) in local country $2,817 $3,423
Average Loan Size / GDP per capita (PPP) 9.32% 12.23%
Average Time to Fund a Loan 11.42 days 5.7 days
Average Dollars Raised Per Day Per Loan $22.98 $73.45
  Average Loan Term 8.1 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 388 302,176
  Journaling Rate 26.94% 42.40%
  Average Number of Comments Per Journal 0.33 0.08
  Average Number of Recommendations Per Journal 22.04 1.83

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 20.00% PY 33.28% PY
  Profitability (return on assets) N/A 1.5% -1.42%
  Average Loan Size (% of per capita income) N/A 88.00% 38.08%

Country Fast Facts

Field Partner Staff

Zocimo Farias
Paola Gutierrez
Ronny Maeshiro
Ronny Minoru Maeshiro
Jorge Noda
Karina Soria
Mauricio Terán