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 $1,609,079,370
Amount of raised Inactive loans $0 $859,175
Number of raised Inactive loans 0 756
Amount of Paying Back Loans $122,550 $165,318,825
Number of Paying Back Loans 55 202,818
Amount of Ended Loans $317,950 $1,442,901,370
Number of Ended Loans 173 1,907,547
Delinquency Rate 95.36% 17.21%
Amount in Arrears $102,688 $17,834,956
Outstanding Portfolio $101,838 $103,633,584
Number of Loans Delinquent 53 75,528
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,705,555
Number of Ended Loans Defaulted 0 61,798
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $9,486,100
Number of Refunded Loans 0 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 49.38% 77.44%
Average Loan Size $1,932 $392
Average Individual Loan Size $1,932 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $12,000 $5,673
Average Loan Size / GDP per capita (PPP) 16.10% 6.91%
Average Time to Fund a Loan 11.12 days 8.07 days
Average Dollars Raised Per Day Per Loan $173.82 $48.58
  Average Loan Term 13.04 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 95 980,751
  Journaling Rate 37.17% 42.28%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

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 26.41% PY
  Profitability (return on assets) 0.4% 1.4% -0.56%
  Average Loan Size (% of per capita income) N/A 42.00% 11.35%

Country Fast Facts

Field Partner Staff

Mirian Abanto Machuca
Victor Quiroz
Geiser Solano Vargas Coronel