Alternativa Solidaria Chiapas (AlSol)
Status Update on AlSol from Kiva Staff on August 5th, 2009: AlSol ‘s partnership with Kiva was closed in August 2009 without prejudice after one year of inactivity. AlSol determined that it was better served providing loans to its entrepreneurs through funding sources other than Kiva.
Founded in 1998, AlSol is a Grameen affiliate serving over 12,000 borrowers in the rural state of Chiapas, Mexico. Since its inception, AlSol has experienced rapid growth, and is quickly taking its place as one of the premier microfinance organizations in the country's southern region.
AlSol operates with the mission of providing integrated financial and non-financial services to the poor of rural Mexico. By providing each woman that enters the program with the services, training and education they need to improve their lives, AlSol works to raise living standards and promote economic and social development across Chiapas.
AlSol can be contacted via email at alsolchiapas@yahoo.com.mx. Please note they are only able to respond to inquiries written in Spanish.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | May 21, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $429,825 | $2,044,091,155 | |
| Amount of raised Inactive loans | $0 | $276,125 | |
| Number of raised Inactive loans | 0 | 157 | |
| Amount of Paying Back Loans | $0 | $159,534,660 | |
| Number of Paying Back Loans | 0 | 191,982 | |
| Amount of Ended Loans | $429,825 | $1,843,394,190 | |
| Number of Ended Loans | 503 | 2,482,279 | |
| Delinquency Rate | 0.00% | 12.22% | |
| Amount in Arrears | $0 | $12,035,288 | |
| Outstanding Portfolio | $0 | $98,468,303 | |
| Number of Loans Delinquent | 0 | 65,685 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $33,692,204 | |
| Number of Ended Loans Defaulted | 0 | 88,878 | |
| Currency Exchange Loss Rate | 0.00% | 0.47% | |
| Amount of Currency Exchange Loss | $0 | $12,608,670 | |
| Refund Rate | 0.00% | 0.54% | |
| Amount of Refunded Loans | $0 | $10,936,620 | |
| Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 100.00% | 78.46% | |
|---|---|---|---|
| Average Loan Size | $514 | $393 | |
| Average Individual Loan Size | $750 | $586 | |
| Average Group Loan Size | $1,278 | $1,910 | |
| Average number of borrowers per group | 4.3 | 8.3 | |
| Average GDP per capita (PPP) in local country | $15,600 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 3.30% | 7.02% | |
| Average Time to Fund a Loan | 1.03 days | 9.11 days | |
| Average Dollars Raised Per Day Per Loan | $499.17 | $43.10 | |
| Average Loan Term | 9.07 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 83 | 1,218,131 | |
|---|---|---|---|
| Journaling Rate | 15.71% | 41.90% | |
| Average Number of Comments Per Journal | 0.30 | 0.02 | |
| Average Number of Recommendations Per Journal | 31.70 | 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 | 74.00% PY | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | 1% | -1.35% | |
| Average Loan Size (% of per capita income) | N/A | 4.00% | 0.00% |
Country Fast Facts
- Country:
- Mexico
- Capital:
- Mexico City
- Official Language:
- Spanish 92.7%, other indigenous languages 5.7%
- Population:
- 120,286,655
- Avg Annual Income:
- $15,600
- Labor Force:
- agriculture: 13.4%, industry: 24.1%, services: 61.9%
- Population Below Poverty Line:
- 52.30%
- Literacy Rate:
- 93.50%
- Infant Mortality Rate (per 1000):
- 12.58 deaths
- Life Expectancy:
- 75.43 years