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:
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 $874,960,175
Amount of raised Inactive loans $3,125 $710,400
Number of raised Inactive loans 4 536
Amount of Paying Back Loans $369,875 $136,648,425
Number of Paying Back Loans 113 167,060
Amount of Ended Loans $7,750 $737,601,350
Number of Ended Loans 10 916,439
Delinquency Rate 0.00% 8.46%
Amount in Arrears $0 $7,476,165
Outstanding Portfolio $356,952 $88,321,485
Number of Loans Delinquent 0 22,435
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,707,641
Number of Ended Loans Defaulted 0 27,160
Currency Exchange Loss Rate 0.00% 0.44%
Amount of Currency Exchange Loss $0 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 8.03% 74.90%
Average Loan Size $2,998 $407
Average Individual Loan Size $2,998 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $4,800 $5,934
Average Loan Size / GDP per capita (PPP) 62.46% 6.86%
Average Time to Fund a Loan 12.45 days 6.92 days
Average Dollars Raised Per Day Per Loan $240.76 $58.85
  Average Loan Term 50.19 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 22 447,300
  Journaling Rate 100.00% 41.58%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 16% APR 36.00% PY 26.87% PY
  Profitability (return on assets) 3.18% 2.2% -0.78%
  Average Loan Size (% of per capita income) N/A 41.00% 18.82%

Country Fast Facts

Field Partner Staff

Nicolas Escalante
Bernard Ornilla
Jose Omar Rodriguez