Asociación Grameen Costa Rica
Approved to post Kiva loans from: Costa Rica
Partner Description:
Asociación Costa Rica Grameen is a nonprofit microfinance organization (NGO), which has been in the market for 19 years, serving more than 27,000 female clients nationwide. The institution was founded in 2006 with the purpose of supporting women in vulnerable situations and promote their economic and social development.
A unique lending approach:
Asociación Costa Rica Grameen leverages Kiva financing to expand access to credit for women entrepreneurs across Costa Rica. The organization employs a solidarity group lending methodology, ensuring strong community support and repayment accountability, with all of its borrowers being women. Asociación Costa Rica Grameen is also recognized for its fully digital credit process.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Dec 17, 2025 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $21,225 | $2,245,347,635 | |
| Amount of raised Inactive loans | $0 | $1,016,100 | |
| Number of raised Inactive loans | 0 | 174 | |
| Amount of Paying Back Loans | $21,225 | $158,843,815 | |
| Number of Paying Back Loans | 33 | 185,639 | |
| Amount of Ended Loans | $0 | $2,085,487,720 | |
| Number of Ended Loans | 0 | 2,745,039 | |
| Delinquency Rate | 0.00% | 10.75% | |
| Amount in Arrears | $0 | $10,703,268 | |
| Outstanding Portfolio | $255 | $99,564,604 | |
| Number of Loans Delinquent | 0 | 70,655 | |
| Default Rate | 0.00% | 1.78% | |
| Amount of Ended Loans Defaulted | $0 | $37,155,600 | |
| Number of Ended Loans Defaulted | 0 | 97,737 | |
| Currency Exchange Loss Rate | 0.00% | 0.37% | |
| Amount of Currency Exchange Loss | $0 | $13,858,921 | |
| Refund Rate | 0.00% | 0.52% | |
| Amount of Refunded Loans | $0 | $11,591,015 | |
| Number of Refunded Loans | 0 | 9,990 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 100.00% | 78.99% | |
|---|---|---|---|
| Average Loan Size | $643 | $409 | |
| Average Individual Loan Size | $643 | $605 | |
| Average Group Loan Size | $0 | $1,977 | |
| Average number of borrowers per group | 0 | 8.4 | |
| Average GDP per capita (PPP) in local country | $19,104 | $4,375 | |
| Average Loan Size / GDP per capita (PPP) | 3.37% | 9.35% | |
| Average Time to Fund a Loan | 2.73 days | 9.21 days | |
| Average Dollars Raised Per Day Per Loan | $235.24 | $44.45 | |
| Average Loan Term | 13.06 months | 11.53 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 0 | 1,320,664 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 41.61% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.51 |
Borrowing Cost Comparison (based on 2009 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | N/A | 28.97% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 5.36% | N/A | -1.29% | |
| Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Costa Rica
- Capital:
- San Jose
- Official Language:
- Spanish
- Population:
- 4,755,234
- Avg Annual Income:
- $19,104
- Labor Force:
- agriculture: 14%, industry: 22%, services: 64%
- Population Below Poverty Line:
- 24.80%
- Literacy Rate:
- 96.30%
- Infant Mortality Rate (per 1000):
- 8.7 deaths
- Life Expectancy:
- 78.23 years
Lending Partner Staff
Diana MendozaMario Morera
Alfredo Salazar