Last updated January 14, 2014

Status Update - December 2019

Protests have been on-going in Bolivia due to the contested elections on October 20th. There have been street demonstration and road blockages across much of the country. Unfortunately, the protests and other demonstratoins have resulted in the loss of life and impacted the economy of Bolivia. However, some stability has returned to the country and new elections have been announced for early 2020. We have been in contact with our partners and are currently monitoring the situation closely as Kiva borrowers and partner staff have been affected by the unrest. This might result in an increase in delinquency rates since a lot of informal economic activities have been impacted. As more information comes in, we will update lenders accordingly.

Partner Description: 

Given recent regulatory changes in the Bolivian microfinance industry, MFIs are now prevented from offering non-financial services to their clients. As a result, Pro Mujer Bolivia made the decision to split into two separate NGOs: Pro Mujer Bolivia Inc (which provides wraparound services) and Fundación Pro Mujer (which offers loans). Kiva's formal partnership is now with the lending entity Fundación Pro Mujer, and the name of this partnership has been updated accordingly.

Pro Mujer Bolivia is the flagship program of global nonprofit Pro Mujer and the foundational model for all of its countries’ programs. For 20 years, the dedicated staff of Pro Mujer Bolivia has been providing poor women with financial and non-financial services to help them improve their lives.

Not only does Pro Mujer Bolivia offer loan capital for women’s small-scale businesses and opportunities to save through the communal bank structure, it also provides business training and health and personal development services. This holistic approach enables clients to create opportunities for themselves and their families.



Pro Mujer’s Business Development Center has educated more than 20,000 clients on the principles of managing small businesses. The curriculum consists of several training modules and suggested action plans for business startups. The center also provides customized assistance to clients who are already business owners to help them grow.

Pro Mujer’s health and personal development services have provided information on sexual and reproductive health to more than 10,000 clients. These services also include basic primary care, as well as gynecological exams, tests for STIs and early cancer detection. On top of this, medical care also extends to the children of clients. As of 2009, over 5,000 children were treated for respiratory infections and diarrhea, and more than 7,000 children received vital vaccinations through Pro Mujer.

As of 2010, Pro Mujer operates in all nine of Bolivia’s regions -- called departments -- with offices in La Paz, Cobija, El Alto, Cochabamba, Sucre, Tarija, Santa Cruz, Potosí, Oruro, Trinidad and Riberalta. Currently, all Kiva operations are based out of the El Alto regional office.

Want to get more involved with Pro Mujer Bolivia through Kiva? Consider joining the Friends of Pro Mujer Bolivia lending team.

Fundación Pro Mujer's unique lending approach:

Pro Mujer’s women clients bring diverse skills and strong convictions to provide for their families, but very few are able to access formal financial services. For these women, credit alone does not serve their needs. Pro Mujer provides an alternative delivery system for its credit services through group-oriented communal banks. This appeals to women who are accustomed to working in community groups.

For its efforts, Pro Mujer Bolivia has received a number of awards and honors.
See the full list here.

Status Update - September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

The information gathered during this process, together with Kiva's new risk rating system and half-star support, has led us to revise Fundación Pro Mujer's risk rating from 5 to 4 stars.

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. Fundación Pro Mujer has been informed of our analysts’ findings and their corresponding change in rating.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 17, 2007 Oct 12, 2005
Total Loans $21,122,975 $1,403,476,400
Amount of raised Inactive loans $0 $939,700
Number of raised Inactive loans 0 356
Amount of Paying Back Loans $2,127,525 $149,763,650
Number of Paying Back Loans 402 193,645
Amount of Ended Loans $18,995,450 $1,252,773,050
Number of Ended Loans 4,854 1,620,556
Delinquency Rate 0.07% 21.87%
Amount in Arrears $1,087 $20,431,877
Outstanding Portfolio $1,436,140 $93,421,438
Number of Loans Delinquent 1 130,112
Default Rate 0.03% 1.76%
Amount of Ended Loans Defaulted $4,770 $22,041,481
Number of Ended Loans Defaulted 7 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.08% 0.63%
Amount of Refunded Loans $16,375 $8,878,850
Number of Refunded Loans 7 8,379

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 96.41% 76.47%
Average Loan Size $465 $393
Average Individual Loan Size $880 $609
Average Group Loan Size $4,131 $1,761
Average number of borrowers per group 8.9 7.8
Average GDP per capita (PPP) in local country $5,500 $5,749
Average Loan Size / GDP per capita (PPP) 8.45% 6.84%
Average Time to Fund a Loan 12.16 days 7.18 days
Average Dollars Raised Per Day Per Loan $38.23 $54.73
  Average Loan Term 7.4 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,721 865,518
  Journaling Rate 55.78% 43.37%
  Average Number of Comments Per Journal 0.03 0.03
  Average Number of Recommendations Per Journal 0.17 0.74

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 20.00% PY 25.74% PY
  Profitability (return on assets) 3.4% 1.5% -1.78%
  Average Loan Size (% of per capita income) 20.20% 88.00% 12.55%

Country Fast Facts

Field Partner Staff

Jose Miguel Amado Osinaga
Marion Mayra Aquino Hannover
Magdalena Colque
Claudia Ximena Colque Arias
Kevin Duran
Ricardo Duran Menacho
Jesica Andrea Flores
Claudia Gomez
Paola Gutierrez
Paola Andrea Menache
Huascar Salas Ortiz
Juan Javier Velasquez Carreño