Cooperativa Agraria de Productores de Tara del Norte (CAPTN)
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- March 3, 2023
Unfortunately, Peru farmers continued to be affected by the Pandemic and the ongoing political crisis and refused to repay their loans. The latter greatly impacted CAPTN, which was unable to recover. CAPTN tried tirelessly to collect as many payments as possible, but they could only recover US$ 28K of the amount outstanding. After a year of non-repayment to Kiva, we decided to write off the remaining amount (US$96K) and close the account.
Status update- March 3, 2022
Kiva has decided to pause CAPTN's access to fundraising loans on the Kiva platform as CAPTN faces severe operational and financial issues that threaten the organization's sustainability. CAPTN has failed to meet its payment obligations to Kiva lenders since November 2021 and currently has about $101,838 in outstanding debt that is now considered delinquent. Kiva will continue to pursue recovery of all outstanding funds and pass those funds on to lenders if and as they're received. We will provide additional information to lenders as it becomes available.
Partner description:
The Cooperativa Agraria de Productores de Tara del Norte (CAPTN) was founded in 2003 and has since grown its network of small-scale farms into one of the largest producers of tara in all of Peru.
Tara is a small tree native to Peru that provides an excellent source of environmentally-friendly tannins used to manufacture automotive and furniture leathers.
CAPTN provides comprehensive supply chain services to its farming members, including transport, collection, quality control, storage and commercialization of tara. CAPTN also provides organic certification to its farmers, helping them fetch a higher price for their products. In addition, CAPTN concentrates on maintaining native biodiversity and environmental sustainability by providing technical assistance on sustainable harvesting techniques, and organic insecticides and fertilizers.
A unique lending approach:
CAPTN serves small-scale tara farmers who have little access to financial services and are generally unable to command high market prices for their crops on their own. Kiva loans are used to finance the purchase of organic fertilizer and insecticides, as well as allow farmers to diversify their crops by adding aguaymanto, potatoes, cereal and/or corn to their land.
CAPTN supports these high-value crops, because they're committed to helping their members break the cycle of poverty with financially and environmentally sustainable farming options.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Mar 19, 2015 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $440,500 | $2,017,905,110 | |
Amount of raised Inactive loans | $0 | $357,275 | |
Number of raised Inactive loans | 0 | 176 | |
Amount of Paying Back Loans | $0 | $157,974,050 | |
Number of Paying Back Loans | 0 | 190,165 | |
Amount of Ended Loans | $440,500 | $1,822,317,985 | |
Number of Ended Loans | 228 | 2,448,909 | |
Delinquency Rate | 0.00% | 12.69% | |
Amount in Arrears | $0 | $12,319,588 | |
Outstanding Portfolio | $0 | $97,105,837 | |
Number of Loans Delinquent | 0 | 71,382 | |
Default Rate | 21.81% | 1.83% | |
Amount of Ended Loans Defaulted | $96,088 | $33,320,922 | |
Number of Ended Loans Defaulted | 50 | 87,367 | |
Currency Exchange Loss Rate | 0.00% | 0.48% | |
Amount of Currency Exchange Loss | $0 | $12,416,364 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,929,050 | |
Number of Refunded Loans | 0 | 9,661 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 49.38% | 78.39% | |
---|---|---|---|
Average Loan Size | $1,932 | $392 | |
Average Individual Loan Size | $1,932 | $586 | |
Average Group Loan Size | $0 | $1,906 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $12,000 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 16.10% | 7.01% | |
Average Time to Fund a Loan | 11.12 days | 9.06 days | |
Average Dollars Raised Per Day Per Loan | $173.82 | $43.31 | |
Average Loan Term | 13.04 months | 11.48 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 97 | 1,204,657 | |
---|---|---|---|
Journaling Rate | 37.72% | 41.97% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.56 |
Borrowing Cost Comparison (based on 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 10% APR | 29.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 0.4% | 1.4% | -1.28% | |
Average Loan Size (% of per capita income) | N/A | 42.00% | 0.00% |
Country Fast Facts
- Country:
- Peru
- Capital:
- Lima
- Official Language:
- Spanish (official) 84.1%, Quechua (official) 13%, Aymara (official) 1.7%, Ashaninka 0.3%, other native languages 0.7%, other 0.2%
- Population:
- 30,147,935
- Avg Annual Income:
- $12,000
- Labor Force:
- agriculture: 25.8%, industry: 17.4%, services: 56.8%
- Population Below Poverty Line:
- 23.90%
- Literacy Rate:
- 94.50%
- Infant Mortality Rate (per 1000):
- 20.21 deaths
- Life Expectancy:
- 68.39 years