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 Asociación de Productores de Tara del Norte (APTN) 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.

APTN provides comprehensive supply chain services to its farming members, including transport, collection, quality control, storage, and commercialization of tara. In addition, APTN 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:
APTN 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 and/or quinoa to their land.

APTN supports these high-value crops, because they are 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 $91,075 $922,066,650
Amount of raised Inactive loans $5,100 $611,200
Number of raised Inactive loans 3 300
Amount of Paying Back Loans $49,150 $138,813,600
Number of Paying Back Loans 31 168,851
Amount of Ended Loans $36,825 $782,641,850
Number of Ended Loans 23 979,497
Delinquency Rate 10.56% 8.54%
Amount in Arrears $5,100 $7,633,967
Outstanding Portfolio $48,300 $89,389,485
Number of Loans Delinquent 3 21,507
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,712,744
Number of Ended Loans Defaulted 0 30,597
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,207,405
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,839,875
Number of Refunded Loans 0 5,905

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 42.86% 75.09%
Average Loan Size $1,598 $403
Average Individual Loan Size $1,598 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,908
Average Loan Size / GDP per capita (PPP) 13.32% 6.82%
Average Time to Fund a Loan 13.64 days 6.96 days
Average Dollars Raised Per Day Per Loan $117.17 $57.83
  Average Loan Term 12.98 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 25 479,021
  Journaling Rate 82.76% 41.61%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% APR 29.00% PY 26.11% PY
  Profitability (return on assets) 43.6% 1.4% -0.06%
  Average Loan Size (% of per capita income) N/A 42.00% 17.82%

Country Fast Facts

Field Partner Staff

José Estanislao Cotrina Olano
Victor Quiroz