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:

CACMU is a savings and loan cooperative founded in 2001 in Ecuador with the goal of providing financial and non-financial services to underserved women and their families.


The savings and loan cooperative is part of a larger group made up of several organizations offering health coverage, technical assistance, and training services for environmental conservation. CACMU provides a package of services throughout the business cycle.


A unique lending approach:

CACMU reaches very rural borrowers due to the creation of a mobile branch, which allows them to access remote areas where it would be too costly to open a branch. They use the mobile branch not only for financial services but also for health events that are free to members and non-members alike.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 17, 2015 Oct 12, 2005
Total Loans $218,700 $874,960,175
Amount of raised Inactive loans $0 $710,400
Number of raised Inactive loans 0 536
Amount of Paying Back Loans $167,350 $136,648,425
Number of Paying Back Loans 224 167,060
Amount of Ended Loans $51,350 $737,601,350
Number of Ended Loans 75 916,439
Delinquency Rate 1.75% 8.46%
Amount in Arrears $2,173 $7,476,165
Outstanding Portfolio $123,924 $88,321,485
Number of Loans Delinquent 8 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 0.37% 0.65%
Amount of Refunded Loans $800 $5,700,625
Number of Refunded Loans 1 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.91% 74.90%
Average Loan Size $732 $407
Average Individual Loan Size $732 $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 $10,600 $5,934
Average Loan Size / GDP per capita (PPP) 6.90% 6.86%
Average Time to Fund a Loan 9.93 days 6.92 days
Average Dollars Raised Per Day Per Loan $73.71 $58.85
  Average Loan Term 10.39 months 11.06 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 77 447,300
  Journaling Rate 70.31% 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 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 17% PY 20.00% PY 26.87% PY
  Profitability (return on assets) 1.39% 1.8% -0.78%
  Average Loan Size (% of per capita income) N/A 49.00% 18.82%

Country Fast Facts

Field Partner Staff

Juan Fernando Arias Carvajal
Anita Mercedes Catucuago Mendez
Anita Mercedes Catucuago Mendez
Mark Eisenberg

Kiva Fellow(s)

Caitlin Jolley