February 24, 2012 

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution. 

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.  As a result of their findings, Credituyo's risk rating will now be displayed as 3 stars instead of 2.5 stars. 

September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 

Kiva's new risk rating system, which now includes half stars, has enabled us to display Credituyo's risk rating with a higher level of granularity. As a result, Credituyo's risk rating will now be displayed as 2.5 stars instead of 2 stars. 

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.

Credituyo has been informed of the change in the display of their rating on Kiva's website.

Partner Description

Credituyo is a microfinance institution that provides financial access and education to micro entrepreneurs and local families in Mexico with a social and commercial mission.

As of January 2012, Credituyo has seven branches in the cities of Monterrey, Apodaca, Guadalupe, Villa de Juarez, Nuevo Laredo, Piedras Negras and Ciudad Acuña and a total of 15 business units. Credituyo funds loans for micro businesses and housing through Kiva, and also plans to utilize Kiva to fund loans for other innovative projects, such as green and start-up business loans.

Credituyo was founded in the city of Monterrey, under Mexican law as Servicios Financieros de Desarrollo Comunitario, S.A. de C.V. SOFOM ENR in 2006. Credituyo’s objective is to offer best-in-class financial services to Mexican families that do not have access to formal banking services.

Mission

We provide financial services and education to drive social, economic, and environmental development in our communities.

Vision

We shall be the best financial services institution in the communities where we operate:

•   As a result of our social awareness and responsibility

•   Because we improve the quality of life of our clients

•   Because our commitment to our employees' wellbeing and self-realization.

•   Because of adequate and sustainable returns for our investors.

Credituyo has adapted and continues to adapt to the needs of an evolving microfinance market by providing loans for micro and small businesses, entrepreneurs, education, and home improvement. In addition, Credituyo offers optional micro life-insurance and micro property and damage insurance policies, and free financial education. The loans are made to individual small business owners and to solidarity groups of 6 to 15 women.

Note from Kiva: This partnership replaces Kiva’s earlier partnership with Fundación para la Vivienda Progresiva (FVP). In early 2010 Credituyo merged with FVP, a microfinance institution that was founded in 2002 to help improve the quality of life of the working poor in the northern border region of Mexico. At the time, FVP had been a Kiva partner for over four years and had funded $1.6M to 2,550 entrepreneurs through Kiva. FVP has since ceased to exist (as of December 2011).