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 $303,000 $911,263,700
Amount of raised Inactive loans $0 $1,447,875
Number of raised Inactive loans 0 1,371
Amount of Paying Back Loans $210,900 $137,912,425
Number of Paying Back Loans 278 167,110
Amount of Ended Loans $92,100 $771,903,400
Number of Ended Loans 134 965,202
Delinquency Rate 2.44% 8.61%
Amount in Arrears $3,693 $7,674,444
Outstanding Portfolio $151,137 $89,181,593
Number of Loans Delinquent 12 21,254
Default Rate 0.00% 1.35%
Amount of Ended Loans Defaulted $0 $10,384,180
Number of Ended Loans Defaulted 0 29,512
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,150,252
Refund Rate 0.48% 0.64%
Amount of Refunded Loans $1,450 $5,827,650
Number of Refunded Loans 2 5,888

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.47% 75.02%
Average Loan Size $735 $404
Average Individual Loan Size $735 $636
Average Group Loan Size $0 $1,789
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $10,600 $5,916
Average Loan Size / GDP per capita (PPP) 6.94% 6.83%
Average Time to Fund a Loan 11.12 days 6.97 days
Average Dollars Raised Per Day Per Loan $66.12 $57.96
  Average Loan Term 11.13 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 110 472,200
  Journaling Rate 56.82% 41.75%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.22

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 26.49% PY
  Profitability (return on assets) 1.39% 1.8% 0.07%
  Average Loan Size (% of per capita income) N/A 49.00% 18.04%

Country Fast Facts

Field Partner Staff

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