Ecoblock International
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update- February 8th, 2023
Ecoblock (legal name), better known as Echale in México, is no longer fundraising due to serious credit/fraud concerns, and the partnership is likely to be closed.
While Ecoblock, has continued to collect repayments from borrowers it has failed to meet its payment obligations to Kiva lenders since December 2021 and currently has about $37,000 in outstanding debt that is now considered delinquent.
Ecoblock has repeatedly refused to respond to Kiva's numerous communication efforts regarding this default amount, including efforts from Kiva's legal representation. As such, Kiva has officially declared that Ecoblock is in default of its obligations under Section 4(c) of the Kiva. Kiva's policy is to consider legal options in a situation such as this, where the Lending Partner is non-responsive to Kiva's requests for repayment despite the partnership agreement between Kiva and the Lending Partner. In this case, Kiva will investigate legal options in Mexico.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Aug 12, 2013 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $483,975 | $1,971,169,190 | |
| Amount of raised Inactive loans | $0 | $536,105 | |
| Number of raised Inactive loans | 0 | 280 | |
| Amount of Paying Back Loans | $116,100 | $161,586,925 | |
| Number of Paying Back Loans | 129 | 189,718 | |
| Amount of Ended Loans | $367,875 | $1,778,439,615 | |
| Number of Ended Loans | 351 | 2,385,454 | |
| Delinquency Rate | 100.00% | 12.15% | |
| Amount in Arrears | $36,793 | $12,086,832 | |
| Outstanding Portfolio | $38,066 | $99,463,978 | |
| Number of Loans Delinquent | 129 | 74,101 | |
| Default Rate | 5.92% | 1.83% | |
| Amount of Ended Loans Defaulted | $21,770 | $32,495,440 | |
| Number of Ended Loans Defaulted | 23 | 85,192 | |
| Currency Exchange Loss Rate | 1.75% | 0.49% | |
| Amount of Currency Exchange Loss | $8,499 | $12,087,286 | |
| Refund Rate | 1.62% | 0.55% | |
| Amount of Refunded Loans | $7,825 | $10,837,725 | |
| Number of Refunded Loans | 6 | 9,606 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 57.76% | 78.27% | |
|---|---|---|---|
| Average Loan Size | $1,012 | $392 | |
| Average Individual Loan Size | $1,012 | $589 | |
| Average Group Loan Size | $0 | $1,896 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $15,600 | $5,597 | |
| Average Loan Size / GDP per capita (PPP) | 6.49% | 7.01% | |
| Average Time to Fund a Loan | 9.11 days | 8.96 days | |
| Average Dollars Raised Per Day Per Loan | $111.10 | $43.79 | |
| Average Loan Term | 15.55 months | 11.47 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 68 | 1,185,427 | |
|---|---|---|---|
| Journaling Rate | 13.96% | 42.20% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.57 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 30% APR | 74.00% PY | 26.71% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 3.62% | 1% | -3.03% | |
| 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
alberto aguilafrancesco piazzesi
Raffaella Piazzesi
Paulina Pimentel