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

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with COOPAC Prisma 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. Peru has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and COOPAC Prisma 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 COOPAC Prisma. As an impact-first funder, Kiva is committed to serving our Lending Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Lending Partners and borrower communities recover. 

Kiva is working closely with COOPAC Prisma to support them and their borrowers through the COVID-19 crisis. COOPAC Prisma is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and COOPAC Prisma, we’re grateful for your continued support through this difficult time. 

Partner description:

COOPAC Microfinanzas Prisma is a Peruvian cooperative headquartered in Lima, Peru.

The organization aims to provide their members with working capital, savings accounts, a variety of trainings and micro-insurance to sustainably impact their livelihoods.

COOPAC Microfinanzas Prisma’s main sectors of impact are agriculture, commerce, services and production, with the majority of the borrowers being rural women.

A unique lending approach:

Kiva partners with COOPAC Microfinanzas Prisma to help expand their village bank loans and launch their new agricultural and housing loans. These loans strive to reach the most underserved areas in Peru where people often don’t live in their own home and have no steady source of income.

COOPAC Microfinanzas Prisma is a spinoff of a previous NGO, Microfinanzas Prisma, that shut down operations in 2014. Kiva partnered with Microfinanzas Prisma up until it’s closure and was repaid its outstanding balance in full.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Feb 27, 2018 Oct 12, 2005
Total Loans $4,759,340 $1,959,851,975
Amount of raised Inactive loans $0 $372,750
Number of raised Inactive loans 0 341
Amount of Paying Back Loans $898,970 $157,781,285
Number of Paying Back Loans 608 181,865
Amount of Ended Loans $3,860,370 $1,771,710,075
Number of Ended Loans 1,691 2,378,176
Delinquency Rate 9.30% 11.74%
Amount in Arrears $41,394 $11,302,177
Outstanding Portfolio $434,154 $96,293,849
Number of Loans Delinquent 99 50,859
Default Rate 1.09% 1.83%
Amount of Ended Loans Defaulted $42,196 $32,353,831
Number of Ended Loans Defaulted 82 84,926
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $21 $12,017,791
Refund Rate 0.20% 0.54%
Amount of Refunded Loans $9,350 $10,526,300
Number of Refunded Loans 3 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 58.48% 78.24%
Average Loan Size $461 $392
Average Individual Loan Size $864 $589
Average Group Loan Size $3,762 $1,892
Average number of borrowers per group 9.4 8.3
Average GDP per capita (PPP) in local country $12,000 $5,599
Average Loan Size / GDP per capita (PPP) 3.84% 7.00%
Average Time to Fund a Loan 14.56 days 8.93 days
Average Dollars Raised Per Day Per Loan $31.67 $43.85
  Average Loan Term 9.83 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 271 1,178,858
  Journaling Rate 14.07% 42.23%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 44% APR 29.00% PY 27.02% PY
  Profitability (return on assets) -2.13% 1.4% -3.10%
  Average Loan Size (% of per capita income) N/A 42.00% 0.00%

Country Fast Facts

Lending Partner Staff

Diana Cabanillas
Johnny Castillo Gutierrez
Maribel Flores
Luis Enrique Garcia Bedregal
Rossy Urteaga
Obrian Vela