Cooperativa de Ahorro y Crédito Mujeres Unidas (CACMU)
Approved to post Kiva loans from: Ecuador
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 | $193,675 | $864,316,850 | |
| Amount of raised Inactive loans | $0 | $374,025 | |
| Number of raised Inactive loans | 0 | 251 | |
| Amount of Paying Back Loans | $156,875 | $136,863,350 | |
| Number of Paying Back Loans | 205 | 166,292 | |
| Amount of Ended Loans | $36,800 | $727,079,475 | |
| Number of Ended Loans | 52 | 903,216 | |
| Delinquency Rate | 1.21% | 8.20% | |
| Amount in Arrears | $1,438 | $7,292,571 | |
| Outstanding Portfolio | $118,420 | $88,930,050 | |
| Number of Loans Delinquent | 8 | 22,215 | |
| Default Rate | 0.00% | 1.32% | |
| Amount of Ended Loans Defaulted | $0 | $9,621,530 | |
| Amount of Ended Loans | $36,800 | $727,079,475 | |
| Number of Ended Loans Defaulted | 0 | 26,679 | |
| Currency Exchange Loss Rate | 0.00% | 0.43% | |
| Amount of Currency Exchange Loss | $0 | $3,748,624 | |
| Refund Rate | 0.41% | 0.64% | |
| Amount of Refunded Loans | $800 | $5,544,100 | |
| Number of Refunded Loans | 1 | 5,818 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 59.87% | 74.86% | |
|---|---|---|---|
| Average Loan Size | $754 | $407 | |
| Average Individual Loan Size | $754 | $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 | $5,937 | |
| Average Loan Size / GDP per capita (PPP) | 7.11% | 6.86% | |
| Average Time to Fund a Loan | 10.31 days | 6.9 days | |
| Average Dollars Raised Per Day Per Loan | $73.08 | $59.06 | |
| Average Loan Term | 10.51 months | 11.04 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 17 | 439,045 | |
|---|---|---|---|
| Journaling Rate | 24.00% | 41.47% | |
| Average Number of Comments Per Journal | 0.00 | 0.05 | |
| Average Number of Recommendations Per Journal | 0.00 | 1.29 |
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 | 27.39% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 0.7% | 1.8% | -0.64% | |
| Average Loan Size (% of per capita income) | N/A | 49.00% | 19.18% |
Country Fast Facts
- Country:
- Ecuador
- Capital:
- Quito
- Official Language:
- Spanish
- Population:
- 15,654,411
- Avg Annual Income:
- $10,600
- Labor Force:
- agriculture: 27.8%, industry: 17.8%, services: 54.4%
- Population Below Poverty Line:
- 25.60%
- Literacy Rate:
- 91.60%
- Infant Mortality Rate (per 1000):
- 17.93 deaths
- Life Expectancy:
- 76.36 years
Field Partner Staff
Juan Fernando Arias CarvajalAnita Mercedes Catucuago Mendez
Anita Mercedes Catucuago Mendez
Mark Eisenberg