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

Partner Description:

Fondesurco is a non-governmental organization that works closely with clients in the rural regions of Arequipa, Moquegua and Ayacucho in Peru.  Along with prioritizing rural communities, the organization has a strong commitment to environmental sustainability and conservation.

Food insecurity, high rates of illiteracy, lack of essential services such as education and electricity, insecure land and water rights, and poor infrastructure all contribute to increased levels of poverty in the rural areas of Peru. In fact, in 2013, a resident born and residing in Lima could expect to live about 20 years longer than someone born in the southern highlands.

A unique lending approach:

Fondesurco will offer green loans to rural communities in Peru with Kiva lenders’ support. In addition to the green requirement, to qualify for a Kiva loan, borrowers must be living below the Peruvian national poverty line standard. This ensures that lender funds are reaching a population that is truly limited in regards to financial access.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 10, 2014 Oct 12, 2005
Total Loans $2,115,325 $1,388,904,475
Amount of raised Inactive loans $0 $168,075
Number of raised Inactive loans 0 71
Amount of Paying Back Loans $496,525 $149,011,425
Number of Paying Back Loans 596 195,825
Amount of Ended Loans $1,618,800 $1,239,724,975
Number of Ended Loans 2,125 1,602,792
Delinquency Rate 2.39% 12.43%
Amount in Arrears $8,699 $11,576,973
Outstanding Portfolio $283,770 $93,139,046
Number of Loans Delinquent 45 75,023
Default Rate 0.24% 1.75%
Amount of Ended Loans Defaulted $3,821 $21,702,685
Number of Ended Loans Defaulted 13 52,581
Currency Exchange Loss Rate 0.00% 0.38%
Amount of Currency Exchange Loss $32 $5,291,386
Refund Rate 0.42% 0.59%
Amount of Refunded Loans $8,850 $8,230,675
Number of Refunded Loans 9 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.04% 76.51%
Average Loan Size $778 $392
Average Individual Loan Size $778 $608
Average Group Loan Size $0 $1,757
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,757
Average Loan Size / GDP per capita (PPP) 6.48% 6.81%
Average Time to Fund a Loan 7.45 days 7.14 days
Average Dollars Raised Per Day Per Loan $104.49 $54.94
  Average Loan Term 13.35 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15 846,808
  Journaling Rate 0.44% 43.40%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 29.00% PY 26.14% PY
  Profitability (return on assets) 1.35% 1.4% -2.30%
  Average Loan Size (% of per capita income) N/A 42.00% 12.52%

Country Fast Facts

Field Partner Staff

Flor Victoria Villena Sosa