COPEME Perú
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:
COPEME is a non-profit association of microfinance institutions in Peru founded in 1990. They are committed to the development of small and medium enterprises in Peru with the objective of strengthening microfinance institutions, services, business development, and public agencies promoting small and medium businesses through innovative projects, public advocacy, and quality services.
A unique lending approach:
Kiva partners with COPEME to help them support small microfinance institutions reach marginalized refugee clients in Peru. The United Nations estimates that there are over 1 million Venezuelan refugees in Peru, and the vast majority lack access to financial services. COPEME will be partnering with Kiva and select microfinance institutions to reach these populations.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Oct 17, 2022 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $99,775 | $2,046,857,240 | |
| Amount of raised Inactive loans | $0 | $329,125 | |
| Number of raised Inactive loans | 0 | 224 | |
| Amount of Paying Back Loans | $99,775 | $154,628,025 | |
| Number of Paying Back Loans | 2 | 186,271 | |
| Amount of Ended Loans | $0 | $1,851,013,910 | |
| Number of Ended Loans | 0 | 2,491,542 | |
| Delinquency Rate | 27.81% | 12.11% | |
| Amount in Arrears | $12,396 | $11,277,316 | |
| Outstanding Portfolio | $44,582 | $93,149,537 | |
| Number of Loans Delinquent | 1 | 54,545 | |
| Default Rate | 0.00% | 1.82% | |
| Amount of Ended Loans Defaulted | $0 | $33,742,451 | |
| Number of Ended Loans Defaulted | 0 | 88,997 | |
| Currency Exchange Loss Rate | 0.13% | 0.47% | |
| Amount of Currency Exchange Loss | $126 | $12,725,634 | |
| Refund Rate | 0.00% | 0.53% | |
| Amount of Refunded Loans | $0 | $10,938,345 | |
| Number of Refunded Loans | 0 | 9,670 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 100.00% | 78.48% | |
|---|---|---|---|
| Average Loan Size | $49,888 | $393 | |
| Average Individual Loan Size | $49,888 | $586 | |
| Average Group Loan Size | $0 | $1,910 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $12,000 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 415.73% | 7.02% | |
| Average Time to Fund a Loan | 30.18 days | 9.12 days | |
| Average Dollars Raised Per Day Per Loan | $1,652.84 | $43.09 | |
| Average Loan Term | 25 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 0 | 1,221,186 | |
|---|---|---|---|
| Journaling Rate | 0.00% | 41.91% | |
| 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 2021 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | N/A | 29.00% PY | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 0.09% | 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
Lending Partner Staff
Fiorela Cabrera ArmasJenny Cuadros