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


Status update- March 3, 2023


Unfortunately, Peru farmers continued to be affected by the Pandemic and the ongoing political crisis and refused to repay their loans. The latter greatly impacted CAPTN, which was unable to recover. CAPTN tried tirelessly to collect as many payments as possible, but they could only recover US$ 28K of the amount outstanding. After a year of non-repayment to Kiva, we decided to write off the remaining amount (US$96K) and close the account.


Status update- March 3, 2022


Kiva has decided to pause CAPTN's access to fundraising loans on the Kiva platform as CAPTN faces severe operational and financial issues that threaten the organization's sustainability. CAPTN has failed to meet its payment obligations to Kiva lenders since November 2021 and currently has about $101,838 in outstanding debt that is now considered delinquent. Kiva will continue to pursue recovery of all outstanding funds and pass those funds on to lenders if and as they're received. We will provide additional information to lenders as it becomes available.


Partner description:


The Cooperativa Agraria de Productores de Tara del Norte (CAPTN) was founded in 2003 and has since grown its network of small-scale farms into one of the largest producers of tara in all of Peru.


Tara is a small tree native to Peru that provides an excellent source of environmentally-friendly tannins used to manufacture automotive and furniture leathers.


CAPTN provides comprehensive supply chain services to its farming members, including transport, collection, quality control, storage and commercialization of tara. CAPTN also provides organic certification to its farmers, helping them fetch a higher price for their products. In addition, CAPTN concentrates on maintaining native biodiversity and environmental sustainability by providing technical assistance on sustainable harvesting techniques, and organic insecticides and fertilizers.


A unique lending approach:


CAPTN serves small-scale tara farmers who have little access to financial services and are generally unable to command high market prices for their crops on their own. Kiva loans are used to finance the purchase of organic fertilizer and insecticides, as well as allow farmers to diversify their crops by adding aguaymanto, potatoes, cereal and/or corn to their land.


CAPTN supports these high-value crops, because they're committed to helping their members break the cycle of poverty with financially and environmentally sustainable farming options.

 


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Mar 19, 2015 Oct 12, 2005
Total Loans $440,500 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $0 $161,570,650
Number of Paying Back Loans 0 189,208
Amount of Ended Loans $440,500 $1,768,476,020
Number of Ended Loans 228 2,370,357
Delinquency Rate 0.00% 12.09%
Amount in Arrears $0 $12,154,807
Outstanding Portfolio $0 $100,506,286
Number of Loans Delinquent 0 72,423
Default Rate 21.81% 1.83%
Amount of Ended Loans Defaulted $96,088 $32,355,409
Number of Ended Loans Defaulted 50 84,925
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $12,005,888
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 49.38% 78.24%
Average Loan Size $1,932 $392
Average Individual Loan Size $1,932 $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 $12,000 $5,600
Average Loan Size / GDP per capita (PPP) 16.10% 7.00%
Average Time to Fund a Loan 11.12 days 8.93 days
Average Dollars Raised Per Day Per Loan $173.82 $43.86
  Average Loan Term 13.04 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 97 1,178,731
  Journaling Rate 37.72% 42.24%
  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 10% APR 29.00% PY 27.02% PY
  Profitability (return on assets) 0.4% 1.4% -3.10%
  Average Loan Size (% of per capita income) N/A 42.00% 0.00%

Country Fast Facts

Lending Partner Staff