Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update — January 22, 2016

Credituyo's final loans with Kiva have ended or defaulted, and Kiva's partnership with Credituyo is now closed. Credituyo has made its final payment to Kiva based upon the agreed upon repayment plan, and these funds have been settled out to lenders. We would like to thank Credituyo for more than 9 years of collaboration and more than 3.5 million USD in loans raised and wish them success in their future endeavors.

Status Update — December 1, 2015

Credituyo continues to face liquidity challenges. Although behind in payments, Credituyo is expected to repay its outstanding balance by March 2016, according to an agreed upon payment plan. Kiva will continue to provide updates here as new information becomes available.

Status Update — October 15, 2014

Credituyo is currently behind on repaying the amount owed to Kiva lenders, but has been sending regular monthly payments to Kiva. While the organization continues to face liquidity challenges, Kiva expects to recover the full amount owed to lenders over an extended repayment period. Kiva will continue to provide updates as new information becomes available.


Partner Description:

Credituyo is a microfinance institution that provides financial access and education to micro entrepreneurs and local families in Mexico with a social and commercial mission.

As of January 2012, Credituyo has seven branches in the cities of Monterrey, Apodaca, Guadalupe, Villa de Juarez, Nuevo Laredo, Piedras Negras and Ciudad Acuña and a total of 15 business units. Credituyo funds loans for micro businesses and housing through Kiva, and also plans to utilize Kiva to fund loans for other innovative projects, such as green and start-up business loans.

Credituyo was founded in the city of Monterrey, under Mexican law as Servicios Financieros de Desarrollo Comunitario, S.A. de C.V. SOFOM ENR in 2006. Credituyo’s objective is to offer best-in-class financial services to Mexican families that do not have access to formal banking services.


We provide financial services and education to drive social, economic, and environmental development in our communities. 


We shall be the best financial services institution in the communities where we operate:

•   As a result of our social awareness and responsibility

•   Because we improve the quality of life of our clients

•   Because our commitment to our employees' wellbeing and self-realization.

•   Because of adequate and sustainable returns for our investors.

Credituyo has adapted and continues to adapt to the needs of an evolving microfinance market by providing loans for micro and small businesses, entrepreneurs, education, and home improvement. In addition, Credituyo offers optional micro life-insurance and micro property and damage insurance policies, and free financial education. The loans are made to individual small business owners and to solidarity groups of 6 to 15 women.

Note from Kiva: This partnership replaces Kiva’s earlier partnership with Fundación para la Vivienda Progresiva (FVP). In early 2010 Credituyo merged with FVP, a microfinance institution that was founded in 2002 to help improve the quality of life of the working poor in the northern border region of Mexico. At the time, FVP had been a Kiva partner for over four years and had funded $1.6M to 2,550 entrepreneurs through Kiva. FVP has since ceased to exist (as of December 2011).

Status Update —
April 30, 2014
As of October 2013, Kiva stopped providing funding to Credituyo.  Due to institutional liquidity problems, the organization has been unable to reimburse Kiva in full for repayments made by Kiva borrowers, and as such, Credituyo's loans at risk rate is currently showing as 99.60%.  Kiva is actively monitoring Credituyo's financial situation and is following up regularly in an effort to recover payments due to lenders. Kiva will provide additional information as it becomes available.

Status Update — February 24, 2012 
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.  As a result of their findings, Credituyo's risk rating will now be displayed as 3 stars instead of 2.5 stars. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 2, 2006 Oct 12, 2005
Total Loans $3,659,925 $1,587,499,170
Amount of raised Inactive loans $0 $426,700
Number of raised Inactive loans 0 155
Amount of Paying Back Loans $0 $167,699,020
Number of Paying Back Loans 0 205,385
Amount of Ended Loans $3,659,925 $1,419,373,450
Number of Ended Loans 4,931 1,873,776
Delinquency Rate 0.00% 17.33%
Amount in Arrears $0 $18,633,133
Outstanding Portfolio $0 $107,519,133
Number of Loans Delinquent 0 84,888
Default Rate 1.43% 1.70%
Amount of Ended Loans Defaulted $52,331 $24,144,827
Number of Ended Loans Defaulted 217 60,140
Currency Exchange Loss Rate 0.05% 0.40%
Amount of Currency Exchange Loss $1,723 $6,908,865
Refund Rate 0.79% 0.60%
Amount of Refunded Loans $29,050 $9,457,725
Number of Refunded Loans 41 8,817

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 53.27% 77.40%
Average Loan Size $602 $392
Average Individual Loan Size $631 $602
Average Group Loan Size $3,350 $1,797
Average number of borrowers per group 6.7 8
Average GDP per capita (PPP) in local country $15,600 $5,685
Average Loan Size / GDP per capita (PPP) 3.86% 6.90%
Average Time to Fund a Loan 4.51 days 8.05 days
Average Dollars Raised Per Day Per Loan $133.60 $48.69
  Average Loan Term 10.41 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 355 967,953
  Journaling Rate 6.83% 42.42%
  Average Number of Comments Per Journal 0.14 0.03
  Average Number of Recommendations Per Journal 10.79 0.68

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 76% PY 74.00% PY 26.61% PY
  Profitability (return on assets) -3.6% 1% -0.38%
  Average Loan Size (% of per capita income) 4.30% 4.00% 11.35%

Country Fast Facts

Field Partner Staff

Dulce Carolina Amador
Valentino Arredondo
Alfonso Caro-Silva
Isabel Cortes
David Cuevas
Janeth Karina Galvez Rodriguez
Fernando Garza
Alma Gonzalez
Andres Gonzalez
Karina Gonzalez
Ricardo Gonzalez
Selene González Moreno
Grethel Guerrero
Karina Yulia Hernández Sierra
Jorge Herrera
Manuel Isiquio
Alfredo Lara
Rudy Rolando Larreal Montiel
Daniel Omar Leal
Sandra Lopez
Claudia Martinez
Eduardo Martinez
Edna Martinez Garcia
Brendan McBride
Brenda Medina
Rosa Laura Mireles Daniel
Karely Yanett Montelongo Ruíz
Evelyn Montes
Nahieli Moreno
Marielena Ontiveros Mares
Jesus Ortega
María Del Refugio Peinado
Adriana Peña
Francisco Perales
Juanita Rodriguez
Manuel Rodriguez
Roboam Rodríguez Reyna
Maricela Ruiz
Marlene Saldivar
Amanda Saraí Rodríguez
Zaira Serrano
Sully Coral Solis Martinez
Sandra Ileana Valdes
Gabriel Vázquez
Marisol Victoria
Maria Cruz Zavala Garcia