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

December 31, 2020 - Update:

Due to the Covid-19 pandemic, Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, and analyzed the Field Partner’s loan products. As a result, CACMU's risk rating is now listed as 2.5 stars instead of 3.5 stars. The primary reasons for this change in rating are the issues beyond the organization's control related to the Covid-19 pandemic. 

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 $1,949,975 $1,525,433,845
    Amount of raised Inactive loans $0 $473,675
    Number of raised Inactive loans 0 134
    Amount of Paying Back Loans $461,000 $161,040,195
    Number of Paying Back Loans 473 198,695
    Amount of Ended Loans $1,488,975 $1,363,919,975
    Number of Ended Loans 1,732 1,793,123
    Delinquency Rate 31.06% 19.38%
    Amount in Arrears $84,916 $19,887,406
    Outstanding Portfolio $217,753 $102,639,436
    Number of Loans Delinquent 238 87,286
    Default Rate 0.02% 1.73%
    Amount of Ended Loans Defaulted $359 $23,591,304
    Number of Ended Loans Defaulted 1 58,767
    Currency Exchange Loss Rate 0.00% 0.40%
    Amount of Currency Exchange Loss $0 $6,432,646
    Refund Rate 0.07% 0.61%
    Amount of Refunded Loans $1,450 $9,369,125
    Number of Refunded Loans 2 8,706

    Loan Characteristics On Kiva

        This Field Partner All Kiva Partners
      Loans to Women Borrowers 61.92% 77.08%
    Average Loan Size $884 $392
    Average Individual Loan Size $884 $605
    Average Group Loan Size $0 $1,777
    Average number of borrowers per group 0 7.9
    Average GDP per capita (PPP) in local country $10,600 $5,695
    Average Loan Size / GDP per capita (PPP) 8.34% 6.89%
    Average Time to Fund a Loan 13.87 days 7.87 days
    Average Dollars Raised Per Day Per Loan $63.76 $49.82
      Average Loan Term 13.15 months 11.36 months

    Journaling Performance on Kiva

        This Field Partner All Kiva Partners
      Total Journals 618 942,776
      Journaling Rate 31.99% 42.93%
      Average Number of Comments Per Journal 0.00 0.03
      Average Number of Recommendations Per Journal 0.00 0.69

    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 27.93% PY
      Profitability (return on assets) 0.2% 1.8% -0.55%
      Average Loan Size (% of per capita income) N/A 49.00% 11.51%

    Country Fast Facts

    Field Partner Staff

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