Alivio Capital
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 — March 1, 2021
Kiva recently re-assessed the level of risk associated with loans from this Lending Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff, and analyzed the Lending Partner’s loan products. As a result, Alivio Capital's risk rating is now listed as 2.5 stars instead of 1.0 stars.
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 Lending Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Lending 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 Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Aug 9, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $3,241,525 | $2,043,632,365 | |
Amount of raised Inactive loans | $0 | $314,375 | |
Number of raised Inactive loans | 0 | 175 | |
Amount of Paying Back Loans | $123,425 | $159,113,005 | |
Number of Paying Back Loans | 129 | 191,440 | |
Amount of Ended Loans | $3,118,100 | $1,843,318,805 | |
Number of Ended Loans | 4,794 | 2,482,233 | |
Delinquency Rate | 92.00% | 12.31% | |
Amount in Arrears | $56,571 | $12,068,428 | |
Outstanding Portfolio | $66,534 | $98,006,179 | |
Number of Loans Delinquent | 129 | 65,730 | |
Default Rate | 4.91% | 1.83% | |
Amount of Ended Loans Defaulted | $153,181 | $33,658,280 | |
Number of Ended Loans Defaulted | 420 | 88,833 | |
Currency Exchange Loss Rate | 0.42% | 0.47% | |
Amount of Currency Exchange Loss | $24,731 | $12,608,670 | |
Refund Rate | 0.18% | 0.54% | |
Amount of Refunded Loans | $5,825 | $10,936,620 | |
Number of Refunded Loans | 8 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 51.55% | 78.46% | |
---|---|---|---|
Average Loan Size | $659 | $393 | |
Average Individual Loan Size | $659 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $15,600 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 4.22% | 7.02% | |
Average Time to Fund a Loan | 12.64 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $52.11 | $43.11 | |
Average Loan Term | 14.56 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 95 | 1,218,131 | |
---|---|---|---|
Journaling Rate | 1.65% | 41.90% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 39% | 74.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 0.17% | 1% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 4.00% | 0.00% |
Country Fast Facts
- Country:
- Mexico
- Capital:
- Mexico City
- Official Language:
- Spanish 92.7%, other indigenous languages 5.7%
- Population:
- 120,286,655
- Avg Annual Income:
- $15,600
- Labor Force:
- agriculture: 13.4%, industry: 24.1%, services: 61.9%
- Population Below Poverty Line:
- 52.30%
- Literacy Rate:
- 93.50%
- Infant Mortality Rate (per 1000):
- 12.58 deaths
- Life Expectancy:
- 75.43 years
Lending Partner Staff
Arturo GalvanRamiro Ibarra
Patricio Villareal