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

Status Update- February 8th, 2023

Ecoblock (legal name), better known as Echale in México, is no longer ​fundraising due to serious credit/fraud concerns, and the partnership is likely to be closed.

While Ecoblock, has continued to collect repayments from borrowers it has failed to meet its payment obligations to Kiva lenders since December 2021 and currently has about $37,000 in outstanding debt that is now considered delinquent. 

Ecoblock has repeatedly refused to respond to Kiva's numerous communication efforts regarding this default amount, including efforts from Kiva's legal representation. As such, Kiva has officially declared that Ecoblock is in default of its obligations under Section 4(c) of the Kiva. Kiva's policy is to consider legal options in a situation such as this, where the Lending Partner is non-responsive to Kiva's requests for repayment despite the partnership agreement between Kiva and the Lending Partner. In this case, Kiva will investigate legal options in Mexico. 

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Aug 12, 2013 Oct 12, 2005
Total Loans $483,975 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $116,100 $160,872,085
Number of Paying Back Loans 129 188,297
Amount of Ended Loans $367,875 $1,768,236,180
Number of Ended Loans 351 2,370,020
Delinquency Rate 100.00% 12.24%
Amount in Arrears $36,793 $12,206,242
Outstanding Portfolio $38,066 $99,725,561
Number of Loans Delinquent 129 72,811
Default Rate 5.92% 1.83%
Amount of Ended Loans Defaulted $21,770 $32,298,216
Number of Ended Loans Defaulted 23 84,743
Currency Exchange Loss Rate 1.75% 0.50%
Amount of Currency Exchange Loss $8,499 $11,931,838
Refund Rate 1.62% 0.54%
Amount of Refunded Loans $7,825 $10,526,300
Number of Refunded Loans 6 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 57.76% 78.22%
Average Loan Size $1,012 $392
Average Individual Loan Size $1,012 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $15,600 $5,599
Average Loan Size / GDP per capita (PPP) 6.49% 7.00%
Average Time to Fund a Loan 9.11 days 8.93 days
Average Dollars Raised Per Day Per Loan $111.10 $43.87
  Average Loan Term 15.55 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 68 1,178,470
  Journaling Rate 13.96% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% APR 74.00% PY 27.02% PY
  Profitability (return on assets) 3.62% 1% -3.10%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff

alberto aguila
francesco piazzesi
Raffaella Piazzesi
Paulina Pimentel