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 | $1,100 | $2,033,033,085 | |
Amount of raised Inactive loans | $0 | $362,325 | |
Number of raised Inactive loans | 0 | 155 | |
Amount of Paying Back Loans | $1,100 | $160,501,950 | |
Number of Paying Back Loans | 2 | 193,431 | |
Amount of Ended Loans | $0 | $1,833,077,735 | |
Number of Ended Loans | 0 | 2,465,837 | |
Delinquency Rate | 0.00% | 12.51% | |
Amount in Arrears | $0 | $12,477,007 | |
Outstanding Portfolio | $0 | $99,738,067 | |
Number of Loans Delinquent | 0 | 68,951 | |
Default Rate | 0.00% | 1.83% | |
Amount of Ended Loans Defaulted | $0 | $33,469,626 | |
Number of Ended Loans Defaulted | 0 | 88,011 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,596,192 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,932,020 | |
Number of Refunded Loans | 0 | 9,665 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 60.00% | 78.44% | |
---|---|---|---|
Average Loan Size | $550 | $393 | |
Average Individual Loan Size | $550 | $586 | |
Average Group Loan Size | $0 | $1,908 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $15,600 | $5,594 | |
Average Loan Size / GDP per capita (PPP) | 3.53% | 7.02% | |
Average Time to Fund a Loan | 0.38 days | 9.1 days | |
Average Dollars Raised Per Day Per Loan | $1,431.41 | $43.16 | |
Average Loan Term | 6.6 months | 11.49 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,212,005 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.89% | |
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 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) | 3.77% | 1% | -1.34% | |
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