Fundraising Status:inactive
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
3.46%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$11,428,500
Loans at Risk Rate:
0%
Kiva Borrowers:
20,375
Delinquency Rate:
0%
Interests and Fees:
25% PY
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status update — June 20, 2018
Kiva has moved this Lending Partner to inactive status which means Apoyo Integral is no longer fundraising loans on Kiva, though Kiva fully expects the partner to continue to send repayments owed to Kiva lenders as long as the partner has an outstanding balance. Apoyo Integral hasn't posted a new loan in over 12 months and they're currently in the process of re-evaluating their Kiva strategy. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.
Partner description:
Apoyo Integral (Apoyo) is a regulated organization offering financial products for clients to increase their working capital, purchase fixed assets, buy and remodel homes, expand agricultural businesses and more. Founded in 2002, Apoyo’s target group is businessmen and women who have already established their businesses but need financial support to strengthen or expand them.
The organization focuses mainly on the production, commerce and service sectors. To date, the organization has opened 25 agencies across the country and has a portfolio of $76.3 million. Its services have benefitted more than 100,000 unbanked clients. Kiva’s funds are used to expand Apoyo’s lending services, with a particular emphasis on helping women in rural areas build sustainable businesses and enhance their quality of life.
Apoyo’s client who took a loan to start tortilla business
Partnership and awards:
With an aim to improve its financial assistance, Apoyo partners with Salvadoran Foundation for Integral Support (FUSAI) to offer technical advice on construction issues including circulation, ventilation, lighting, and, to a lesser degree, recommendations for optimizing their budgets. The partnership seeks to support the progress and completion of construction work.
Apoyo Integral has been recognized for the transparency of its operations and won the 2005 Transparency Award (Premio a la Transparencia 2005) from MIX Market and REDCAMIF (The Central American and Caribbean Network of Microfinance) at the Third Central American Conference on Microfinance.
In 2006, the organization received the Excellency Award (Premio a la Excelencia 2006) from the Multi-Sector Investment Bank’s Micro and Small Enterprise Development Trust for having achieved the most growth among its peer institutions in 2005.
Image courtesy of Apoyo Integral.