ACCIONA Microenergia Mexico (AMM) is a non-profit organization founded by Fundacion ACCIONA Microenergia (FUNDAME), which is its reference partner. FUNDAME is the corporate foundation of one of the leading Spanish companies in the renewable energies and infrastructure sector.
FUNDAME, established in 2008, operates through AMM to provide basic services such as energy, water, and infrastructure in a sustainable way to isolated communities living in rural areas of Mexico.
A unique lending approach:
AMM offers quality solar systems to isolated communities in Mexico, and provides them with the electricity they need in order to light their homes. Funding of loans on Kiva allows AMM to buy solar systems for low-income households in those communities. Each community will pay a monthly maintenance fee that will allow AMM to pay back the loan. There is 0% interest on that 12-month loan. Photovoltaic systems permit families to have four hours of quality light per day, and eliminate the danger of using kerosene lamps. With Kiva’s support, AMM will be able to reach more isolated communities and provide them with electricity.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 9, 2014 Oct 12, 2005
Total Loans $70,575 $721,829,175
Amount of raised Inactive loans $0 $314,100
Number of raised Inactive loans 0 246
Amount of Paying Back Loans $59,350 $134,283,300
Number of Paying Back Loans 52 154,393
Amount of Ended Loans $11,225 $587,231,775
Number of Ended Loans 95 728,084
Delinquency Rate 8.35% 8.64%
Amount in Arrears $3,458 $7,553,427
Outstanding Portfolio $41,402 $87,412,143
Number of Loans Delinquent 23 29,508
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,842,865
Amount of Ended Loans $11,225 $587,231,775
Number of Ended Loans Defaulted 0 19,785
Currency Exchange Loss Rate 0.24% 0.27%
Amount of Currency Exchange Loss $167 $1,945,073
Refund Rate 5.28% 0.68%
Amount of Refunded Loans $3,725 $4,905,575
Number of Refunded Loans 3 5,418

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 13.16% 74.41%
Average Loan Size $103 $416
Average Individual Loan Size $92 $653
Average Group Loan Size $1,153 $1,848
Average number of borrowers per group 11 8
Average GDP per capita (PPP) in local country $15,600 $5,937
Average Loan Size / GDP per capita (PPP) 0.66% 7.01%
Average Time to Fund a Loan 2.11 days 6.38 days
Average Dollars Raised Per Day Per Loan $48.94 $65.21
  Average Loan Term 8.87 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 95 354,484
  Journaling Rate 100.00% 41.29%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.56

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 74.00% PY 31.80% PY
  Profitability (return on assets) N/A 1% -1.91%
  Average Loan Size (% of per capita income) N/A 4.00% 19.39%

Country Fast Facts

Field Partner Staff

Julio Eisman
José Gabriel Martín
María José Olivar
Enrique Toledo