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 $2,203,700 $1,403,850,725
Amount of raised Inactive loans $0 $959,800
Number of raised Inactive loans 0 425
Amount of Paying Back Loans $536,425 $149,936,450
Number of Paying Back Loans 629 193,805
Amount of Ended Loans $1,667,275 $1,252,954,475
Number of Ended Loans 2,196 1,620,925
Delinquency Rate 6.42% 21.70%
Amount in Arrears $26,215 $20,325,968
Outstanding Portfolio $344,827 $93,655,209
Number of Loans Delinquent 275 129,734
Default Rate 0.23% 1.77%
Amount of Ended Loans Defaulted $3,821 $22,137,231
Number of Ended Loans Defaulted 13 53,698
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $32 $5,432,766
Refund Rate 0.40% 0.63%
Amount of Refunded Loans $8,850 $8,882,250
Number of Refunded Loans 9 8,389

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.97% 76.47%
Average Loan Size $781 $393
Average Individual Loan Size $781 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,748
Average Loan Size / GDP per capita (PPP) 6.51% 6.84%
Average Time to Fund a Loan 7.36 days 7.18 days
Average Dollars Raised Per Day Per Loan $106.05 $54.74
  Average Loan Term 13.35 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15 866,027
  Journaling Rate 0.41% 43.36%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

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 25.70% PY
  Profitability (return on assets) 1.35% 1.4% -1.82%
  Average Loan Size (% of per capita income) N/A 42.00% 12.60%

Country Fast Facts

Field Partner Staff

Flor Victoria Villena Sosa