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

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Alivio Capital to understand how we can best support their borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. This has caused many economies and businesses to grind to a halt. 

As a result, Alivio Capital borrowers may experience difficulty making loan repayments due to the aforementioned restrictions or fallout effects of the virus. Alivio Capital will reschedule loans for Kiva borrowers affected by COVID-19 and, as such, it’s possible that lenders will see a delay in repayments. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Alivio Capital to support them and their borrowers through the COVID-19 crisis. Alivio Capital is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Alivio Capital, we’re grateful for your continued support through this difficult time. 

Partner Description:

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 $2,391,450 $1,415,201,775
Amount of raised Inactive loans $11,675 $3,098,625
Number of raised Inactive loans 22 816
Amount of Paying Back Loans $609,850 $153,218,350
Number of Paying Back Loans 933 198,242
Amount of Ended Loans $1,769,925 $1,258,884,800
Number of Ended Loans 2,677 1,627,363
Delinquency Rate 19.02% 24.96%
Amount in Arrears $66,503 $24,162,592
Outstanding Portfolio $318,994 $96,803,743
Number of Loans Delinquent 474 129,935
Default Rate 4.14% 1.76%
Amount of Ended Loans Defaulted $73,324 $22,191,188
Number of Ended Loans Defaulted 167 53,824
Currency Exchange Loss Rate 0.93% 0.39%
Amount of Currency Exchange Loss $22,307 $5,553,194
Refund Rate 0.23% 0.63%
Amount of Refunded Loans $5,450 $8,893,175
Number of Refunded Loans 7 8,401

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 50.80% 76.48%
Average Loan Size $659 $394
Average Individual Loan Size $659 $611
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,743
Average Loan Size / GDP per capita (PPP) 4.22% 6.86%
Average Time to Fund a Loan 13.12 days 7.19 days
Average Dollars Raised Per Day Per Loan $50.19 $54.80
  Average Loan Term 14.95 months 11.39 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 74 879,222
  Journaling Rate 2.11% 43.35%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.73

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 39% 74.00% PY 25.91% PY
  Profitability (return on assets) N/A 1% -2.05%
  Average Loan Size (% of per capita income) N/A 4.00% 12.51%

Country Fast Facts

Field Partner Staff

Lourdes Flandes
Arturo Galvan
Ramiro Ibarra
Patricio Villareal