Kiva conducts regular, ongoing monitoring of all Field 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 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 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 Field Partner All Kiva Partners
  Start Date On Kiva Feb 27, 2018 Oct 12, 2005
Total Loans $3,143,445 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $726,270 $163,202,810
Number of Paying Back Loans 447 193,982
Amount of Ended Loans $2,417,175 $1,591,353,280
Number of Ended Loans 859 2,108,808
Delinquency Rate 10.95% 15.34%
Amount in Arrears $43,958 $15,585,726
Outstanding Portfolio $322,553 $101,609,202
Number of Loans Delinquent 129 72,330
Default Rate 0.07% 1.70%
Amount of Ended Loans Defaulted $1,713 $26,998,026
Number of Ended Loans Defaulted 3 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $21 $9,202,644
Refund Rate 0.25% 0.57%
Amount of Refunded Loans $7,975 $9,961,195
Number of Refunded Loans 2 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.91% 77.81%
Average Loan Size $458 $389
Average Individual Loan Size $984 $594
Average Group Loan Size $3,925 $1,839
Average number of borrowers per group 9.8 8.2
Average GDP per capita (PPP) in local country $12,000 $5,628
Average Loan Size / GDP per capita (PPP) 3.81% 6.90%
Average Time to Fund a Loan 11.58 days 8.44 days
Average Dollars Raised Per Day Per Loan $39.51 $46.05
  Average Loan Term 9.88 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 207 1,071,973
  Journaling Rate 20.11% 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 44% APR 29.00% PY 26.11% PY
  Profitability (return on assets) N/A 1.4% 0.00%
  Average Loan Size (% of per capita income) N/A 42.00% 0.00%

Country Fast Facts

Field Partner Staff

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