Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with CACMU to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Ecuador has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and CACMU may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by CACMU. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with CACMU to support them and their borrowers through the COVID-19 crisis. CACMU is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and CACMU, we’re grateful for your continued support through this difficult time. 

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 $1,763,475 $1,437,649,975
    Amount of raised Inactive loans $0 $1,430,575
    Number of raised Inactive loans 0 143
    Amount of Paying Back Loans $505,300 $147,303,900
    Number of Paying Back Loans 464 165,841
    Amount of Ended Loans $1,258,175 $1,288,915,500
    Number of Ended Loans 1,503 1,686,662
    Delinquency Rate 22.82% 23.04%
    Amount in Arrears $75,486 $21,840,658
    Outstanding Portfolio $316,931 $94,780,337
    Number of Loans Delinquent 331 83,233
    Default Rate 0.03% 1.73%
    Amount of Ended Loans Defaulted $359 $22,333,868
    Number of Ended Loans Defaulted 1 54,136
    Currency Exchange Loss Rate 0.00% 0.39%
    Amount of Currency Exchange Loss $0 $5,742,255
    Refund Rate 0.08% 0.62%
    Amount of Refunded Loans $1,450 $8,923,325
    Number of Refunded Loans 2 8,447

    Loan Characteristics On Kiva

        This Field Partner All Kiva Partners
      Loans to Women Borrowers 61.81% 76.61%
    Average Loan Size $896 $395
    Average Individual Loan Size $896 $612
    Average Group Loan Size $0 $1,769
    Average number of borrowers per group 0 7.8
    Average GDP per capita (PPP) in local country $10,600 $5,735
    Average Loan Size / GDP per capita (PPP) 8.46% 6.89%
    Average Time to Fund a Loan 12.29 days 7.29 days
    Average Dollars Raised Per Day Per Loan $72.91 $54.18
      Average Loan Term 12.99 months 11.38 months

    Journaling Performance on Kiva

        This Field Partner All Kiva Partners
      Total Journals 582 906,112
      Journaling Rate 34.24% 43.91%
      Average Number of Comments Per Journal 0.00 0.03
      Average Number of Recommendations Per Journal 0.00 0.71

    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 25.53% PY
      Profitability (return on assets) 0.2% 1.8% -1.33%
      Average Loan Size (% of per capita income) N/A 49.00% 12.38%

    Country Fast Facts

    Field Partner Staff

    Andres Chamorro
    Veronica Chandi
    Sandra Lopez
    Jefferson Méndez
    Andrea Victoria Paredes Salazar