Avanza Sólido
Approved to post Kiva loans from: Mexico
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: Based in Chiapas and founded in 2011, Avanza S"lido is a relatively young micro-finance institution. Their mission is to strengthen the economic independence of women and their families by providing financial products and wrap-around services that contribute to long-term community welfare. They provide individual and group loans, with a focus on women and rural populations. ? ? A unique lending approach: Avanza S"lido's winning formula is clear:" appropriate/affordable credit + social programs = sustainable impact. In the competitive micro-finance market of Southern Mexico, Kiva funding helps Avanza S"lido to offer below market interest rates and a suite of non-financial services. These wrap-around services are grouped into 3 programatic areas: women?s social and economic empowerment, health care (principally preventive and reproductive), and environment (for example, technologies/strategies to more efficiently use energy and water in businesses or households).
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Oct 17, 2024 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $4,575 | $2,067,281,190 | |
Amount of raised Inactive loans | $0 | $213,425 | |
Number of raised Inactive loans | 0 | 161 | |
Amount of Paying Back Loans | $4,575 | $156,651,605 | |
Number of Paying Back Loans | 5 | 187,608 | |
Amount of Ended Loans | $0 | $1,865,122,055 | |
Number of Ended Loans | 0 | 2,517,579 | |
Delinquency Rate | 0.00% | 12.87% | |
Amount in Arrears | $0 | $12,439,958 | |
Outstanding Portfolio | $114 | $96,666,009 | |
Number of Loans Delinquent | 0 | 65,440 | |
Default Rate | 0.00% | 1.83% | |
Amount of Ended Loans Defaulted | $0 | $34,090,364 | |
Number of Ended Loans Defaulted | 0 | 91,342 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,915,654 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $11,266,070 | |
Number of Refunded Loans | 0 | 9,869 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 60.00% | 78.52% | |
---|---|---|---|
Average Loan Size | $915 | $393 | |
Average Individual Loan Size | $915 | $585 | |
Average Group Loan Size | $0 | $1,914 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $15,600 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 5.87% | 7.03% | |
Average Time to Fund a Loan | 1.15 days | 9.15 days | |
Average Dollars Raised Per Day Per Loan | $793.11 | $42.97 | |
Average Loan Term | 6.6 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,230,242 | |
---|---|---|---|
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 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | 74.00% PY | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | 3.77% | 1% | -1.71% | |
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
Lending Partner Staff
Daniel Gomez EspinosaKatia Navarro
David Salinas