Status update - February 20, 2020

Kiva and El Buen Socio have agreed to end their partnership after 6 years and more than $140,000 in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank El Buen Socio for the years of collaboration and wish them success in their future endeavors.

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

El Buen Socio is an ethical microfinance institution in Mexico that promotes sustainable development by strengthening people’s capabilities and supporting entrepreneurs with sustainable businesses.
 
The organization issues loans to fund productive projects that have a positive social and environmental impact including farming, forestry, or fishing activities that are done in an eco-friendly way.
 
A unique lending approach:
 
El Buen Socio issues loans to fund productive and sustainable projects. An entrepreneur who is unable to obtain a loan through other banking institutions leads each project. El Buen Socio supports entrepreneurs who farm, forest, or fish in an eco-friendly way with sustainable use of natural resources. All loan proposals must have a positive social or environmental impact, and must be profitable.
 
In addition to loans, El Buen Socio provides financial education training, opportunities to connect with new markets and help with business model planning. With Kiva’s support, El Buen Socio will serve a population not considered by traditional banking due to their socio-economic status.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 10, 2014 Oct 12, 2005
Total Loans $141,175 $1,388,684,700
Amount of raised Inactive loans $0 $162,775
Number of raised Inactive loans 0 64
Amount of Paying Back Loans $10,200 $148,798,550
Number of Paying Back Loans 4 195,476
Amount of Ended Loans $130,975 $1,239,723,375
Number of Ended Loans 60 1,602,787
Delinquency Rate 100.00% 12.46%
Amount in Arrears $5,754 $11,581,224
Outstanding Portfolio $0 $92,928,825
Number of Loans Delinquent 4 75,038
Default Rate 13.74% 1.75%
Amount of Ended Loans Defaulted $17,990 $21,702,685
Number of Ended Loans Defaulted 9 52,581
Currency Exchange Loss Rate 2.36% 0.38%
Amount of Currency Exchange Loss $3,334 $5,291,386
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $8,230,675
Number of Refunded Loans 0 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 20.31% 76.51%
Average Loan Size $2,206 $392
Average Individual Loan Size $2,206 $608
Average Group Loan Size $0 $1,757
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,757
Average Loan Size / GDP per capita (PPP) 14.14% 6.81%
Average Time to Fund a Loan 3.91 days 7.14 days
Average Dollars Raised Per Day Per Loan $564.55 $54.94
  Average Loan Term 10.19 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 55 846,748
  Journaling Rate 71.88% 43.40%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 74.00% PY 26.14% PY
  Profitability (return on assets) -4.9% 1% -2.30%
  Average Loan Size (% of per capita income) N/A 4.00% 12.52%

Country Fast Facts

Field Partner Staff