Mexico > Fundación para la Vivienda Progresiva (FVP), a partner of CHF International

About the Field Partner

Fundación para la Vivienda Progresiva (FVP), a partner of CHF International administers this loan. Learn more
Field Partner:	Fundación para la Vivienda Progresiva (FVP), a partner of CHF International
Field Partner Risk Rating:	(Learn more)
Time on Kiva:	40 months
Kiva Entrepreneurs:	1888
Total Loans:	$1,338,800
Interest & Fees are Charged:	Yes (Learn more)
Portfolio Yield: 60% Profitability (Return on Assets): 2% Average Loan Size (% of Per Capita Income): 5%
Delinquency Rate:	9.25%
Default Rate:	0.31%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status	Active
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Other Information Sources

MIX Profile	View MIX Profile
Network Affiliation	CHF International
Social Performance Reporting Level	N/A
Consumer Protection Principles	N/A
Field Partner Website	None
Email Contact	None

Status update on FVP from Kiva Staff on July 28, 2009:

During routine partner monitoring at FVP, Kiva became aware of some deterioration of the financial position of FVP due to the devaluation of the peso in the past 9 months. This resulted in higher than expected expenses for FVP. This has led us to reduce FVP’s star rating from 4 to 3. In the coming months, Kiva will continue to work closely with FVP and provide additional updates as appropriate.

The Fundación para La Vivienda Progresiva (FVP) came into being in 2002 in response to a need to for organizations to help improve the quality of life of the working poor in the northern Mexico border region. The border region has experienced accelerated population growth since the 1990’s, making it more challenging to access affordable housing and increasing the need for capital for small businesses in the region.

The organization’s main activities are twofold:

1) FVP makes small loans to working families that allow them to improve their housing conditions one step at a time. Most of these families have never had access to a housing loan before.

2) FVP assists small entrepreneurs in this economically active U.S. – Mexico border region, where many small businesses have great potential but lack access to the capital to grow their businesses. FVP provides assistance and follow-up with each entrepreneur to promote the growth and the strength of these small businesses.

FVP’s mission is to help achieve positive and enduring change in the communities where it works. The philosophy of FVP is not just to give loans, but to support the unique projects of its clients. And the success of clients’ projects – whether through improving a family’s home or starting a small business – will lead to a continually improving quality of life in communities along the border.

The organization has grown to include the border cities of Ciudad Acuña and Piedras Negras as well as Nuevo Laredo. FVP is a member of CHF International, an international NGO with a presence in more than 30 countries around the world.