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 $562,575 $987,730,800
Amount of raised Inactive loans $0 $446,250
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $522,400 $148,450,800
Number of Paying Back Loans 583 188,052
Amount of Ended Loans $40,175 $838,833,750
Number of Ended Loans 47 1,054,293
Delinquency Rate 0.01% 8.25%
Amount in Arrears $32 $7,966,583
Outstanding Portfolio $496,002 $96,545,717
Number of Loans Delinquent 1 19,913
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,710,216
Number of Ended Loans Defaulted 0 33,666
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,452,988
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $5,979,100
Number of Refunded Loans 0 5,999

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 46.08% 75.46%
Average Loan Size $893 $398
Average Individual Loan Size $893 $628
Average Group Loan Size $0 $1,758
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $12,000 $5,873
Average Loan Size / GDP per capita (PPP) 7.44% 6.78%
Average Time to Fund a Loan 6.3 days 6.92 days
Average Dollars Raised Per Day Per Loan $141.83 $57.60
  Average Loan Term 10.65 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5 515,017
  Journaling Rate 12.50% 41.30%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.15

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 25% APR 29.00% PY 26.15% PY
  Profitability (return on assets) 0.2% 1.4% -1.23%
  Average Loan Size (% of per capita income) N/A 42.00% 16.60%

Country Fast Facts

Field Partner Staff

Freddy Rolando García Timaná