Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Credicampo to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. El Salvador has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and Credicampo may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by Credicampo. As an impact-first funder, Kiva is committed to serving our Lending Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Lending Partners and borrower communities recover. 

Kiva is working closely with Credicampo to support them and their borrowers through the COVID-19 crisis. Credicampo is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Credicampo, we’re grateful for your continued support through this difficult time. 

Partner description:

CrediCampo is a microfinance institution (MFI) that spun out of the non-profit foundation Fundacion Campo.  Its mission is to serve as a financial catalyst for El Salvadoran families and communities.  CrediCampo is specialized in rural markets and applies an active participation philosophy, oriented toward client satisfaction and focused on sustainability.

Local to El Salvador, Fundacion Campo had 18 years of experience working with microcredit management and establishing partnerships to support the development of communities and rural families. CrediCampo was created as a separate entity to scale and strengthen Fundacion Campo’s former microcredit division as the demand grew for specialists in rural economic development solutions from the community. 

Trust: Trust in our clients and partners and work earnestly to gain trust in a reciprocal manner
Compromise: CrediCampo is motivated by actions that stimulate development and mutual wellbeing for our clients and our organization
Integrity: To show that transparency for our actions is central to our business and its results
Responsibility: Comply with our moral and contractual obligations with punctuality and vitality
Solidarity: Permanently focused on our internal and external stakeholders

CrediCampo offers an array of products to its clients, ranging from differentiated loan products, remittances and savings depositories.  The institution also helps clients with wraparound services from Fundacion Campo, now a separate entity, for social programs and community development projects.  They are proud to be 100% El Salvadoran in their mission, strategy and vision. 

Status Update - January 13, 2014

Fundación Campo has made the decision to split into two separate entities: Fundación Campo (which provides wraparound services) and CrediCampo (which provides loans). As a result, we have updated their name on Kiva to reflect this change, referring to them going forward as CrediCampo

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 7, 2011 Oct 12, 2005
Total Loans $33,897,460 $1,958,300,470
Amount of raised Inactive loans $1,500 $202,845
Number of raised Inactive loans 2 165
Amount of Paying Back Loans $3,182,800 $160,872,085
Number of Paying Back Loans 4,812 188,297
Amount of Ended Loans $30,713,160 $1,768,236,180
Number of Ended Loans 48,896 2,370,020
Delinquency Rate 5.18% 12.24%
Amount in Arrears $104,243 $12,206,242
Outstanding Portfolio $1,734,740 $99,725,561
Number of Loans Delinquent 961 72,811
Default Rate 1.24% 1.83%
Amount of Ended Loans Defaulted $380,521 $32,298,216
Number of Ended Loans Defaulted 949 84,743
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $11,931,838
Refund Rate 0.23% 0.54%
Amount of Refunded Loans $78,525 $10,526,300
Number of Refunded Loans 104 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 55.14% 78.22%
Average Loan Size $631 $392
Average Individual Loan Size $631 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $7,500 $5,599
Average Loan Size / GDP per capita (PPP) 8.42% 7.00%
Average Time to Fund a Loan 14.5 days 8.93 days
Average Dollars Raised Per Day Per Loan $43.55 $43.87
  Average Loan Term 14.81 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 56,041 1,178,470
  Journaling Rate 99.36% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 29% PY 31.00% PY 27.02% PY
  Profitability (return on assets) 2.74% 0.7% -3.10%
  Average Loan Size (% of per capita income) N/A 34.00% 0.00%

Country Fast Facts

Lending Partner Staff

Emicela Alas
Erick Amaya
Douglas API
Luis API
Claudia Argueta
Gilma Benitez
Dinora Cerna
Felipe Flores
Fátima Gómez
Yessica Martinez
Iveth Carolina Martínez Pablo
Diana Mejia
Rocio Ortiz
Danelia Velasquez
Mayra Villegas