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 $572,734,750
Amount of raised Inactive loans $0 $309,625
Number of raised Inactive loans 0 297
Amount of Paying Back Loans $15,400 $117,225,675
Number of Paying Back Loans 4 123,043
Amount of Ended Loans $0 $455,199,450
Number of Ended Loans 0 579,866
Delinquency Rate 0.00% 3.64%
Amount in Arrears $0 $2,779,164
Outstanding Portfolio $15,400 $76,342,031
Number of loanDelinquent 0 11,617
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,922,248
Amount of Ended Loans $0 $455,199,450
Number of Ended Loans Defaulted 0 15,204
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $405,498
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,475,600
Number of Refunded Loans 0 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 25.00% 74.23%
Average Loan Size $3,850 $418
Average Individual Loan Size $3,850 $657
Average Group Loan Size $0 $1,823
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,249 $3,443
Average Loan Size / GDP per capita (PPP) 34.23% 12.15%
Average Time to Fund a Loan 2.45 days 5.49 days
Average Dollars Raised Per Day Per Loan $1,570.85 $76.15
  Average Loan Term 16.75 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 285,900
  Journaling Rate 0.00% 42.45%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

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% -1.29%
  Average Loan Size (% of per capita income) N/A 4.00% 41.84%

Country Fast Facts

Field Partner Staff

Karla Breceda
Fernando Hernández