El Buen Socio is an ethical microfinance institution in Mexico that promotes sustainable development by strengthening people’s capabilities and supporting entrepreneurs with sustainable businesses.
 
The organization issues loans to fund productive projects that have a positive social and environmental impact including farming, forestry, or fishing activities that are done in an eco-friendly way.
 
A unique lending approach:
 
El Buen Socio issues loans to fund productive and sustainable projects. An entrepreneur who is unable to obtain a loan through other banking institutions leads each project. El Buen Socio supports entrepreneurs who farm, forest, or fish in an eco-friendly way with sustainable use of natural resources. All loan proposals must have a positive social or environmental impact, and must be profitable.
 
In addition to loans, El Buen Socio provides financial education training, opportunities to connect with new markets and help with business model planning. With Kiva’s support, El Buen Socio will serve a population not considered by traditional banking due to their socio-economic status.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 10, 2014 Oct 12, 2005
Total Loans $29,100 $583,662,125
Amount of raised Inactive loans $0 $459,200
Number of raised Inactive loans 0 425
Amount of Paying Back Loans $29,100 $117,659,300
Number of Paying Back Loans 7 123,971
Amount of Ended Loans $0 $465,543,625
Number of Ended Loans 0 592,192
Delinquency Rate 0.00% 3.69%
Amount in Arrears $0 $2,830,722
Outstanding Portfolio $29,100 $76,636,170
Number of loanDelinquent 0 11,226
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,333,846
Amount of Ended Loans $0 $465,543,625
Number of Ended Loans Defaulted 0 16,794
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,250
Number of Refunded Loans 0 5,038

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 14.29% 74.17%
Average Loan Size $4,157 $418
Average Individual Loan Size $4,157 $656
Average Group Loan Size $0 $1,827
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,249 $3,433
Average Loan Size / GDP per capita (PPP) 36.96% 12.19%
Average Time to Fund a Loan 5.23 days 5.56 days
Average Dollars Raised Per Day Per Loan $794.90 $75.25
  Average Loan Term 17.43 months 10.29 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 291,612
  Journaling Rate 0.00% 42.35%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 74.00% PY 33.64% PY
  Profitability (return on assets) N/A 1% -1.40%
  Average Loan Size (% of per capita income) N/A 4.00% 41.35%

Country Fast Facts

Field Partner Staff

Karla Breceda
Fernando Hernández