Alivio Capital is a Mexican for-profit organization that provides accessible financing for low-income families to cover medical expenses. Low-income families are often forced to sell family assets or resort to informal lenders in order to pay for unexpected medical bills. By providing these families with accessible financing, Alivio enables patients to, over time, pay their hospital bills and doctor’s fees, as well as to buy any medical equipment needed for their recovery.
 
 
A unique lending approach:
 
Alivio Capital loans range from  $300 to $800 with an annual interest rate of 28%. This rate is half of what some other formal lenders offer and one third of that of other informal lenders.  Alivio funds can only be used to pay for hospital bills, cover doctor’s fees, and purchase vital medical equipment. Each client is evaluated based on ad-hoc credit scoring criteria.
 
Alivio Capital began operations in Mexico four years ago, and has since been growing at a steady pace.
 
With Kiva’s support, Alivio Capital hopes to expand their customer base to include the most vulnerable low-income populations that other formal institutions are not willing to lend to.  

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 9, 2014 Oct 12, 2005
Total Loans $723,900 $923,326,050
Amount of raised Inactive loans $0 $628,725
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $387,350 $139,911,425
Number of Paying Back Loans 541 170,052
Amount of Ended Loans $336,550 $782,785,900
Number of Ended Loans 555 979,669
Delinquency Rate 2.38% 8.42%
Amount in Arrears $5,381 $7,615,831
Outstanding Portfolio $226,104 $90,466,478
Number of Loans Delinquent 56 21,444
Default Rate 0.42% 1.37%
Amount of Ended Loans Defaulted $1,421 $10,717,799
Number of Ended Loans Defaulted 2 30,602
Currency Exchange Loss Rate 0.84% 0.46%
Amount of Currency Exchange Loss $6,051 $4,210,313
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,840,725
Number of Refunded Loans 0 5,906

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.40% 75.10%
Average Loan Size $660 $403
Average Individual Loan Size $660 $635
Average Group Loan Size $0 $1,782
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,908
Average Loan Size / GDP per capita (PPP) 4.23% 6.82%
Average Time to Fund a Loan 13.32 days 6.97 days
Average Dollars Raised Per Day Per Loan $49.60 $57.81
  Average Loan Term 14.69 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 479,420
  Journaling Rate 0.00% 41.60%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 35% PY 74.00% PY 26.15% PY
  Profitability (return on assets) -2.77% 1% -0.05%
  Average Loan Size (% of per capita income) N/A 4.00% 17.77%

Country Fast Facts

Field Partner Staff

Arturo Galvan
Marlene Silva
Patricio Villareal