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:

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 Field Partner All Kiva Partners
  Start Date On Kiva Mar 19, 2015 Oct 12, 2005
Total Loans $440,500 $1,525,792,370
Amount of raised Inactive loans $0 $499,475
Number of raised Inactive loans 0 156
Amount of Paying Back Loans $123,750 $161,348,595
Number of Paying Back Loans 56 199,080
Amount of Ended Loans $316,750 $1,363,944,300
Number of Ended Loans 172 1,793,151
Delinquency Rate 55.42% 19.31%
Amount in Arrears $60,540 $19,878,153
Outstanding Portfolio $109,238 $102,962,797
Number of Loans Delinquent 35 87,257
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $23,591,304
Number of Ended Loans Defaulted 0 58,767
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,432,646
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $9,369,125
Number of Refunded Loans 0 8,706

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.38% 77.08%
Average Loan Size $1,932 $392
Average Individual Loan Size $1,932 $605
Average Group Loan Size $0 $1,777
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $12,000 $5,695
Average Loan Size / GDP per capita (PPP) 16.10% 6.89%
Average Time to Fund a Loan 11.12 days 7.88 days
Average Dollars Raised Per Day Per Loan $173.82 $49.81
  Average Loan Term 13.04 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 74 942,824
  Journaling Rate 32.21% 42.92%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 10% APR 29.00% PY 27.93% PY
  Profitability (return on assets) 0.4% 1.4% -0.55%
  Average Loan Size (% of per capita income) N/A 42.00% 11.51%

Country Fast Facts

Field Partner Staff

Mirian Abanto Machuca
Victor Quiroz
Geiser Solano Vargas Coronel