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 | $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
- 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
Andres ChamorroVeronica Chandi
Jefferson Méndez
Andrea Victoria Paredes Salazar