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

Partner Description:

INSOTEC is a non-profit microfinance organization founded in 1980 with a mission to support the development of microentrepreneurs by providing them access to credit and complementary services that improve their competitiveness and quality of life. INSOTEC focuses on rural and agricultural lending as those areas tend to lack access to financial services, as well as, health and financial training services.

A unique lending approach:

Kiva partners with INSOTEC to help them reach underserved clients in rural areas in Ecuador. While financial access is growing in Ecuador many of the most in need of financial support lack access due to the high costs and risks financing rural farmers with limited assets. INSOTEC will be partnering with Kiva to reach these populations, and not only to provide credit but also health and financial educational services.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 23, 2022 Oct 12, 2005
Total Loans $13,575 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $0 $155,292,280
Number of Paying Back Loans 0 180,364
Amount of Ended Loans $13,575 $1,775,561,795
Number of Ended Loans 8 2,382,297
Delinquency Rate 0.00% 11.50%
Amount in Arrears $0 $10,725,818
Outstanding Portfolio $0 $93,282,250
Number of Loans Delinquent 0 45,477
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,228
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 0.00% 0.49%
Amount of Currency Exchange Loss $0 $12,023,738
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 37.50% 78.24%
Average Loan Size $1,697 $392
Average Individual Loan Size $1,697 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $10,600 $5,599
Average Loan Size / GDP per capita (PPP) 16.01% 7.00%
Average Time to Fund a Loan 6.3 days 8.93 days
Average Dollars Raised Per Day Per Loan $269.29 $43.86
  Average Loan Term 14.38 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,181,695
  Journaling Rate 0.00% 42.25%
  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 2021 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 20.00% PY 27.02% PY
  Profitability (return on assets) 2.73% 1.8% -3.10%
  Average Loan Size (% of per capita income) N/A 49.00% 0.00%

Country Fast Facts

Lending Partner Staff

Marco Cando
Claudia Granda
Desi Llerena Sanchez
Santiago Lopez
Natalia Yanez