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:
Cooperativa de Ahorro y Crédito Norandino Ltda (COOPAC Norandino) is a rural savings and credit cooperative, established in 2005 to support smallholder, FairTrade and organic-certified small-holder farmers in the highlands of Peru who have limited financial resources and market access. While the majority of COOPAC Norandino’s portfolio is concentrated in coffee, the cooperative is also active in sugar cane, cacao, bananas and mangos. The organizations’s strategic alliances with local agriculture cooperatives allows farmers to access price premiums, agricultural trainings, and export to international markets. COOPAC Norandino’s team have strong sector knowledge, allowing them to tailor their financial services to the niche coffee market, and are often active farmers themselves.

A unique lending approach:
COOPAC Norandino provides financing for individual farmers as well as agricultural cooperatives. Loans funded on Kiva are used both to help COOPAC Norandino continue growing its organic coffee and cacao portfolio, and to fund a new low-interest loan product created for Kiva for female cooperative members or spouses to develop rural microenterprises. This new type of loan will help smooth and diversify producer household income, which in turn will smooth COOPAC Norandino's annual cash flow and lower risk exposure in their portfolio, allowing them to continue growing and supporting the entire agricultural value chain. COOPAC Norandino's other non-agricultural loan products, such as their emergency health loan, may be considered for Kiva funding in the future.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 8, 2016 Oct 12, 2005
Total Loans $337,175 $908,588,725
Amount of raised Inactive loans $900 $1,315,925
Number of raised Inactive loans 1 1,282
Amount of Paying Back Loans $330,600 $137,063,425
Number of Paying Back Loans 342 168,293
Amount of Ended Loans $5,675 $770,209,375
Number of Ended Loans 5 960,618
Delinquency Rate 0.00% 8.85%
Amount in Arrears $0 $7,818,874
Outstanding Portfolio $323,596 $88,323,046
Number of Loans Delinquent 0 22,733
Default Rate 0.00% 1.35%
Amount of Ended Loans Defaulted $0 $10,382,253
Number of Ended Loans Defaulted 0 29,500
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,145,391
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,827,650
Number of Refunded Loans 0 5,888

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 40.17% 75.01%
Average Loan Size $969 $405
Average Individual Loan Size $969 $636
Average Group Loan Size $0 $1,793
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,917
Average Loan Size / GDP per capita (PPP) 8.07% 6.84%
Average Time to Fund a Loan 7.96 days 6.97 days
Average Dollars Raised Per Day Per Loan $121.67 $58.05
  Average Loan Term 12.07 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 471,351
  Journaling Rate 0.00% 41.75%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.22

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 23% APR 29.00% PY 26.37% PY
  Profitability (return on assets) 0.8% 1.4% 0.19%
  Average Loan Size (% of per capita income) N/A 42.00% 18.15%

Country Fast Facts

Field Partner Staff

Freddy Rolando García Timaná