ACCIONA Microenergia Mexico (AMM) is a non-profit organization founded and owned by Fundacion ACCIONA Microenergia (FUNDAME), a corporate foundation of one of the leading Spanish companies in the renewable energies and infrastructure sector.
FUNDAME, established in 2008, will operate through AMM in Mexico to provide basic services such as energy, water, and infrastructure in a sustainable way, to isolated communities living in rural areas.
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 will allow AMM to buy more than 140 solar systems for eight communities. Each community will pay a monthly maintenance fee that will allow AMM to pay back the loan. There is 0% interest on that 9-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 $33,900 $643,961,350
Amount of raised Inactive loans $0 $888,625
Number of raised Inactive loans 0 788
Amount of Paying Back Loans $28,900 $125,860,775
Number of Paying Back Loans 88 138,659
Amount of Ended Loans $5,000 $517,211,950
Number of Ended Loans 27 648,162
Delinquency Rate 2.56% 4.72%
Amount in Arrears $627 $3,896,144
Outstanding Portfolio $24,508 $82,532,387
Number of loanDelinquent 50 15,591
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,692,447
Amount of Ended Loans $5,000 $517,211,950
Number of Ended Loans Defaulted 0 17,485
Currency Exchange Loss Rate 0.10% 0.12%
Amount of Currency Exchange Loss $33 $783,507
Refund Rate 0.00% 0.72%
Amount of Refunded Loans $0 $4,605,450
Number of Refunded Loans 0 5,145

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 11.38% 74.17%
Average Loan Size $101 $418
Average Individual Loan Size $92 $655
Average Group Loan Size $1,151 $1,840
Average number of borrowers per group 11.1 8
Average GDP per capita (PPP) in local country $11,249 $3,405
Average Loan Size / GDP per capita (PPP) 0.89% 12.26%
Average Time to Fund a Loan 1.53 days 5.96 days
Average Dollars Raised Per Day Per Loan $65.67 $70.04
  Average Loan Term 7.91 months 10.58 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 94 320,320
  Journaling Rate 100.00% 42.09%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.73

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 33.35% PY
  Profitability (return on assets) N/A 1% -1.49%
  Average Loan Size (% of per capita income) N/A 4.00% 38.01%

Country Fast Facts

Field Partner Staff

Julio Eisman
José Gabriel Martín
María José Olivar
Enrique Toledo