Status Update on AlSol from Kiva Staff on August 5th, 2009: AlSol ‘s partnership with Kiva was closed in August 2009 without prejudice after one year of inactivity. AlSol determined that it was better served providing loans to its entrepreneurs through funding sources other than Kiva.

Founded in 1998, AlSol is a Grameen affiliate serving over 12,000 borrowers in the rural state of Chiapas, Mexico. Since its inception, AlSol has experienced rapid growth, and is quickly taking its place as one of the premier microfinance organizations in the country's southern region.

AlSol operates with the mission of providing integrated financial and non-financial services to the poor of rural Mexico. By providing each woman that enters the program with the services, training and education they need to improve their lives, AlSol works to raise living standards and promote economic and social development across Chiapas.

AlSol can be contacted via email at alsolchiapas@yahoo.com.mx. Please note they are only able to respond to inquiries written in Spanish.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 21, 2007 Oct 12, 2005
Total Loans $429,825 $608,635,700
Amount of raised Inactive loans $0 $531,050
Number of raised Inactive loans 0 470
Amount of Paying Back Loans $0 $122,656,125
Number of Paying Back Loans 0 131,716
Amount of Ended Loans $429,825 $485,448,525
Number of Ended Loans 503 614,304
Delinquency Rate 0.00% 3.69%
Amount in Arrears $0 $2,968,440
Outstanding Portfolio $0 $80,418,434
Number of loanDelinquent 0 13,446
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,358,572
Amount of Ended Loans $429,825 $485,448,525
Number of Ended Loans Defaulted 0 16,820
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $572,888
Refund Rate 0.00% 0.75%
Amount of Refunded Loans $0 $4,553,925
Number of Refunded Loans 0 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.22%
Average Loan Size $514 $419
Average Individual Loan Size $750 $656
Average Group Loan Size $1,278 $1,831
Average number of borrowers per group 4.3 8
Average GDP per capita (PPP) in local country $11,249 $3,422
Average Loan Size / GDP per capita (PPP) 4.57% 12.24%
Average Time to Fund a Loan 1.03 days 5.72 days
Average Dollars Raised Per Day Per Loan $499.17 $73.22
  Average Loan Term 9.07 months 10.42 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 83 303,934
  Journaling Rate 15.71% 42.46%
  Average Number of Comments Per Journal 0.30 0.08
  Average Number of Recommendations Per Journal 31.70 1.82

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 74.00% PY 33.29% PY
  Profitability (return on assets) N/A 1% -1.37%
  Average Loan Size (% of per capita income) N/A 4.00% 38.28%

Country Fast Facts

Field Partner Staff

Katia Corroy Castro
Karina Corroy
LORENA CRUZ
MONICA GONZALEZ
Oscar Hugo Martinez Jimenez