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 $1,624,600 $1,389,649,100
    Amount of raised Inactive loans $0 $222,125
    Number of raised Inactive loans 0 83
    Amount of Paying Back Loans $483,350 $149,645,325
    Number of Paying Back Loans 441 196,711
    Amount of Ended Loans $1,141,250 $1,239,781,650
    Number of Ended Loans 1,389 1,602,813
    Delinquency Rate 4.93% 12.32%
    Amount in Arrears $16,265 $11,556,424
    Outstanding Portfolio $252,669 $93,809,072
    Number of Loans Delinquent 75 75,002
    Default Rate 0.03% 1.75%
    Amount of Ended Loans Defaulted $359 $21,702,685
    Number of Ended Loans Defaulted 1 52,581
    Currency Exchange Loss Rate 0.00% 0.38%
    Amount of Currency Exchange Loss $0 $5,291,386
    Refund Rate 0.09% 0.59%
    Amount of Refunded Loans $1,450 $8,230,675
    Number of Refunded Loans 2 8,220

    Loan Characteristics On Kiva

        This Field Partner All Kiva Partners
      Loans to Women Borrowers 61.45% 76.51%
    Average Loan Size $888 $392
    Average Individual Loan Size $888 $608
    Average Group Loan Size $0 $1,757
    Average number of borrowers per group 0 7.8
    Average GDP per capita (PPP) in local country $10,600 $5,756
    Average Loan Size / GDP per capita (PPP) 8.37% 6.81%
    Average Time to Fund a Loan 11.18 days 7.14 days
    Average Dollars Raised Per Day Per Loan $79.36 $54.93
      Average Loan Term 12.93 months 11.37 months

    Journaling Performance on Kiva

        This Field Partner All Kiva Partners
      Total Journals 562 846,968
      Journaling Rate 36.40% 43.38%
      Average Number of Comments Per Journal 0.00 0.03
      Average Number of Recommendations Per Journal 0.00 0.76

    Borrowing Cost Comparison (based on 2017 data)

        This Field Partner Median for MFI's in Country All Kiva Partners
      Average Cost to Borrower 17% PY 20.00% PY 26.14% PY
      Profitability (return on assets) 0.05% 1.8% -2.29%
      Average Loan Size (% of per capita income) N/A 49.00% 12.52%

    Country Fast Facts

    Field Partner Staff

    Andres Chamorro
    Veronica Chandi
    Jefferson Méndez
    Andrea Victoria Paredes Salazar