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

Status update - April 23, 2021

Kiva continues to work with COCAFCAL to recover the balance owed lenders. Following the recent coffee harvest, COCAFCAL was able to make a repayment to Kiva in April. Lenders should expect to receive payments over the next several years following coffee harvests. However, due to the difficult situation for coffee producers in Honduras, repayment of the full balance is unlikely. These difficulties were exacerbated by the back-to-back hurricanes, Eta and Iota, which caused massive flooding and damage in the coffee producing regions where COCAFCAL borrowers are located. 

Status update — February 20, 2019

Due to unexpected liquidity issues, COCAFCAL has been unable to repay their full balance on time. Kiva is in touch with the organization and will continue to work to recover the amount owed to lenders. We will settle out funds as they’re received. Given the lack of repayment, Kiva has decided to move this partner from active to paused status.

Partner description:

COCAFAL is a non-profit small producer coffee cooperative focused on supporting sustainable development in north western Honduras. The organization collects coffee from its more than 800 members and processes it in their own processing plant producing 130.000 quintals per crop (more than 13.000.000 pounds). Their Organic Fair Trade coffee is exported to countries as USA, Canada, UK, Belgium, Germany or Japan. COCAFCAL produces many organic products from the rural communities of Honduras including coffee, fruits, medical herbs, timber trees, nursery plants, organic fertilizers and honey. 

The cooperative also offers credit, technical, productive and marketing trainings to its members. 

 A unique lending approach:

COCAFCAL is always thinking creatively about new ways to improve its members’ production and quality of life. With financial support from the Fair Trade premium, it is offering 4 new loans for organic and Fair Trade beekeeping, passion fruit, coffee growing and food processing.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 24, 2015 Oct 12, 2005
Total Loans $380,750 $1,608,688,920
Amount of raised Inactive loans $0 $647,750
Number of raised Inactive loans 0 706
Amount of Paying Back Loans $358,050 $165,151,500
Number of Paying Back Loans 112 202,585
Amount of Ended Loans $22,700 $1,442,889,670
Number of Ended Loans 15 1,907,536
Delinquency Rate 99.32% 17.24%
Amount in Arrears $255,808 $17,837,794
Outstanding Portfolio $257,549 $103,457,745
Number of Loans Delinquent 112 75,538
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,702,368
Number of Ended Loans Defaulted 0 61,787
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $18 $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 8.03% 77.44%
Average Loan Size $2,998 $392
Average Individual Loan Size $2,998 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $4,800 $5,673
Average Loan Size / GDP per capita (PPP) 62.46% 6.91%
Average Time to Fund a Loan 12.45 days 8.07 days
Average Dollars Raised Per Day Per Loan $240.76 $48.58
  Average Loan Term 50.19 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 22 979,534
  Journaling Rate 15.87% 42.24%
  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 16% APR 36.00% PY 26.41% PY
  Profitability (return on assets) 2% 2.2% -0.56%
  Average Loan Size (% of per capita income) N/A 41.00% 11.35%

Country Fast Facts

Field Partner Staff

Nicolas Escalante
Jose Omar Rodriguez
Manrrique Santos