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 $15,400 $576,013,500
Amount of raised Inactive loans $0 $230,275
Number of raised Inactive loans 0 238
Amount of Paying Back Loans $15,400 $119,971,475
Number of Paying Back Loans 4 126,339
Amount of Ended Loans $0 $455,811,750
Number of Ended Loans 0 580,740
Delinquency Rate 0.00% 3.32%
Amount in Arrears $0 $2,631,042
Outstanding Portfolio $15,400 $79,156,996
Number of loanDelinquent 0 11,192
Default Rate 0.00% 1.09%
Amount of Ended Loans Defaulted $0 $4,983,531
Amount of Ended Loans $0 $455,811,750
Number of Ended Loans Defaulted 0 15,355
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,479,350
Number of Refunded Loans 0 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.00% 74.23%
Average Loan Size $3,850 $419
Average Individual Loan Size $3,850 $656
Average Group Loan Size $0 $1,825
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,249 $3,439
Average Loan Size / GDP per capita (PPP) 34.23% 12.17%
Average Time to Fund a Loan 2.45 days 5.52 days
Average Dollars Raised Per Day Per Loan $1,570.85 $75.87
  Average Loan Term 16.75 months 10.25 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 286,751
  Journaling Rate 0.00% 42.42%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.93

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield N/A 74.00% 33.65%
  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