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 $323,650 $974,373,275
Amount of raised Inactive loans $0 $467,200
Number of raised Inactive loans 0 226
Amount of Paying Back Loans $208,250 $146,999,875
Number of Paying Back Loans 281 183,418
Amount of Ended Loans $115,400 $826,906,200
Number of Ended Loans 163 1,039,590
Delinquency Rate 0.32% 8.26%
Amount in Arrears $598 $7,890,178
Outstanding Portfolio $185,756 $95,554,586
Number of Loans Delinquent 4 20,311
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,049
Number of Ended Loans Defaulted 0 33,034
Currency Exchange Loss Rate 0.01% 0.45%
Amount of Currency Exchange Loss $32 $4,428,499
Refund Rate 2.73% 0.61%
Amount of Refunded Loans $8,850 $5,967,400
Number of Refunded Loans 9 5,984

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 45.45% 75.40%
Average Loan Size $734 $399
Average Individual Loan Size $734 $629
Average Group Loan Size $0 $1,759
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $12,000 $5,874
Average Loan Size / GDP per capita (PPP) 6.12% 6.79%
Average Time to Fund a Loan 5.38 days 6.9 days
Average Dollars Raised Per Day Per Loan $136.47 $57.75
  Average Loan Term 12.99 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 509,005
  Journaling Rate 1.30% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 29.00% PY 26.13% PY
  Profitability (return on assets) 0.1% 1.4% -1.72%
  Average Loan Size (% of per capita income) N/A 42.00% 16.65%

Country Fast Facts

Field Partner Staff

Flor Victoria Villena Sosa