Status Update, September 26, 2014:
Kiva and CampoAlto have agreed to end their partnership after more than two years and more than $221,000 in loans raised. This Lending Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank CampoAlto for the years of collaboration and wish them success in their future endeavors.
Partner Description:

CampoAlto is an education institution that offers a variety of classes to students from socially and economically marginalized groups. Today, the program teaches over 5,000 students at seven branches in Bogota. Founded initially to train nursing assistants, it now also offers classes in business administration, law, fashion design, education, health, hotel business and gastronomy.

Previously, CampoAlto offered a payment plan to students, allowing them to attend classes as long as they paid by the end of each semester. Now, Kiva’s zero-interest capital is being applied to offer a true loan program to students who couldn’t otherwise afford tuition. This capital gives the institute the support it needs to reinvest its own revenue to improve facilities and open up new branches throughout the country.

According to CampoAlto, 78% of its students are women and 27% live below the poverty line. These individuals face a number of unique challenges. Many of them have to work multiple jobs or care for children during the day, limiting the time they can take classes. Others can’t afford travel expenses to the institute’s branches. To overcome these obstacles, CampoAlto is expanding its presence in Bogota and elsewhere, and offers a flexible course schedule with early morning and late night shifts.

CampoAlto, a for-profit institution, was founded in 1996 by three doctors who set out to bridge Colombia’s education gap, particularly in the medical field. At that time, there were few technical education options, and even fewer for low-income students. The institute has popularized vocational training in Bogota, helping young people find stable jobs and increase their earning potential. CampoAlto also works with a network of private companies to place students in internships that help launch their careers.

Because CampoAlto’s core business is not purely microfinance, there is some level of additional risk for lenders. For this reason, Kiva has not assigned the institute a risk rating.

Learn more about CampoAlto by watching this video right here

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 8, 2012 Oct 12, 2005
Total Loans $221,025 $1,959,851,975
Amount of raised Inactive loans $0 $372,750
Number of raised Inactive loans 0 341
Amount of Paying Back Loans $0 $157,781,285
Number of Paying Back Loans 0 181,865
Amount of Ended Loans $221,025 $1,771,710,075
Number of Ended Loans 652 2,378,176
Delinquency Rate 0.00% 11.74%
Amount in Arrears $0 $11,302,177
Outstanding Portfolio $0 $96,293,849
Number of Loans Delinquent 0 50,859
Default Rate 0.04% 1.83%
Amount of Ended Loans Defaulted $83 $32,353,831
Number of Ended Loans Defaulted 1 84,926
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,017,791
Refund Rate 0.34% 0.54%
Amount of Refunded Loans $750 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 83.41% 78.24%
Average Loan Size $339 $392
Average Individual Loan Size $339 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $11,100 $5,599
Average Loan Size / GDP per capita (PPP) 3.06% 7.00%
Average Time to Fund a Loan 0.14 days 8.93 days
Average Dollars Raised Per Day Per Loan $2,400.98 $43.85
  Average Loan Term 4.04 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,858
  Journaling Rate 0.00% 42.23%
  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 2012 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 32.00% PY 27.02% PY
  Profitability (return on assets) 2.5% 5.1% -3.10%
  Average Loan Size (% of per capita income) N/A 23.00% 0.00%

Country Fast Facts

Lending Partner Staff