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 $3,018,425 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $836,970 $163,202,810
Number of Paying Back Loans 709 193,982
Amount of Ended Loans $2,181,455 $1,591,353,280
Number of Ended Loans 2,448 2,108,808
Delinquency Rate 13.90% 15.34%
Amount in Arrears $78,906 $15,585,726
Outstanding Portfolio $503,821 $101,609,202
Number of Loans Delinquent 195 72,330
Default Rate 1.11% 1.70%
Amount of Ended Loans Defaulted $24,178 $26,998,026
Number of Ended Loans Defaulted 37 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $9,202,644
Refund Rate 0.10% 0.57%
Amount of Refunded Loans $3,050 $9,961,195
Number of Refunded Loans 3 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 61.76% 77.81%
Average Loan Size $956 $389
Average Individual Loan Size $956 $594
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 8.2
Average GDP per capita (PPP) in local country $10,600 $5,628
Average Loan Size / GDP per capita (PPP) 9.02% 6.90%
Average Time to Fund a Loan 15.94 days 8.44 days
Average Dollars Raised Per Day Per Loan $59.99 $46.05
  Average Loan Term 14.01 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 934 1,071,973
  Journaling Rate 34.68% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 17% PY 20.00% PY 26.11% PY
  Profitability (return on assets) N/A 1.8% 0.00%
  Average Loan Size (% of per capita income) N/A 49.00% 0.00%

Country Fast Facts

Field Partner Staff

Andres Chamorro
Veronica Chandi
Carlos Andres Juma Anangono
Sandra Lopez
Andrea Victoria Paredes Salazar
Cristina Rosas