Pro Mujer Nicaragua
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:
Pro Mujer Nicaragua is one of the country programs of global nonprofit Pro Mujer. For 30 years, the dedicated staff of Pro Mujer have been providing poor women with financial and non-financial services to help them improve their lives.
Not only does Pro Mujer 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 health and personal development services provide access to low-cost and high-quality health services, such as lab tests and dental care. These services also include basic primary care, as well as gynecological exams, tests for STIs and early cancer detection.
A 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.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Mar 3, 2020 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $5,463,560 | $2,075,900,235 | |
Amount of raised Inactive loans | $0 | $653,475 | |
Number of raised Inactive loans | 0 | 166 | |
Amount of Paying Back Loans | $333,455 | $153,255,810 | |
Number of Paying Back Loans | 84 | 184,782 | |
Amount of Ended Loans | $5,130,105 | $1,874,941,585 | |
Number of Ended Loans | 1,413 | 2,531,911 | |
Delinquency Rate | 23.60% | 11.91% | |
Amount in Arrears | $52,812 | $11,179,080 | |
Outstanding Portfolio | $151,305 | $93,887,305 | |
Number of Loans Delinquent | 77 | 37,893 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $34,177,858 | |
Number of Ended Loans Defaulted | 0 | 91,631 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $13,051,174 | |
Refund Rate | 1.91% | 0.54% | |
Amount of Refunded Loans | $104,450 | $11,276,585 | |
Number of Refunded Loans | 25 | 9,875 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 88.27% | 78.54% | |
---|---|---|---|
Average Loan Size | $420 | $393 | |
Average Individual Loan Size | $0 | $585 | |
Average Group Loan Size | $3,658 | $1,915 | |
Average number of borrowers per group | 8.7 | 8.3 | |
Average GDP per capita (PPP) in local country | $4,800 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 8.74% | 7.03% | |
Average Time to Fund a Loan | 25.19 days | 9.16 days | |
Average Dollars Raised Per Day Per Loan | $16.66 | $42.95 | |
Average Loan Term | 6.96 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 272 | 1,235,509 | |
---|---|---|---|
Journaling Rate | 18.69% | 41.86% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
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 | 27.00% PY | 27.16% PY | |
---|---|---|---|---|
Profitability (return on assets) | 1.8% | 0.9% | -1.90% | |
Average Loan Size (% of per capita income) | N/A | 40.00% | 0.00% |
Country Fast Facts
- Country:
- Nicaragua
- Capital:
- Managua
- Official Language:
- Spanish (official) 95.3%, Miskito 2.2%, Mestizo of the Caribbean coast 2%, other 0.5%
- Population:
- 5,848,641
- Avg Annual Income:
- $4,800
- Labor Force:
- agriculture: 31%, industry: 18%, services: 50%
- Population Below Poverty Line:
- 42.50%
- Literacy Rate:
- 82.90%
- Infant Mortality Rate (per 1000):
- 20.36 deaths
- Life Expectancy:
- 57.48 years
Lending Partner Staff
Hazel HernandezTyrone Largaespada
Magda Manzanarez