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 $1,539,825 $1,402,893,075
Amount of raised Inactive loans $0 $1,123,675
Number of raised Inactive loans 0 298
Amount of Paying Back Loans $270,400 $149,160,125
Number of Paying Back Loans 337 193,247
Amount of Ended Loans $1,269,425 $1,252,609,275
Number of Ended Loans 1,475 1,620,387
Delinquency Rate 4.79% 14.94%
Amount in Arrears $12,010 $13,876,207
Outstanding Portfolio $246,474 $92,857,380
Number of Loans Delinquent 28 93,265
Default Rate 0.31% 1.76%
Amount of Ended Loans Defaulted $3,875 $22,041,980
Number of Ended Loans Defaulted 5 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,871,200
Number of Refunded Loans 0 8,375

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 41.42% 76.47%
Average Loan Size $850 $393
Average Individual Loan Size $850 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $12,000 $5,750
Average Loan Size / GDP per capita (PPP) 7.08% 6.83%
Average Time to Fund a Loan 4.71 days 7.18 days
Average Dollars Raised Per Day Per Loan $180.26 $54.72
  Average Loan Term 9.98 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 23 865,094
  Journaling Rate 1.29% 43.36%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% APR 29.00% PY 25.74% PY
  Profitability (return on assets) 0.2% 1.4% -1.78%
  Average Loan Size (% of per capita income) N/A 42.00% 12.55%

Country Fast Facts

Field Partner Staff

Freddy Rolando García Timaná
Jahaira Sofía Rojas Alarcón