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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 $130,725 $921,511,975
Amount of raised Inactive loans $0 $560,625
Number of raised Inactive loans 0 294
Amount of Paying Back Loans $42,925 $138,527,850
Number of Paying Back Loans 30 168,403
Amount of Ended Loans $87,800 $782,423,500
Number of Ended Loans 26 979,217
Delinquency Rate 24.99% 8.60%
Amount in Arrears $8,136 $7,660,357
Outstanding Portfolio $32,550 $89,071,785
Number of Loans Delinquent 11 21,812
Default Rate 13.40% 1.37%
Amount of Ended Loans Defaulted $11,764 $10,710,868
Number of Ended Loans Defaulted 3 30,594
Currency Exchange Loss Rate 2.15% 0.46%
Amount of Currency Exchange Loss $2,816 $4,207,405
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,839,875
Number of Refunded Loans 0 5,905

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 23.21% 75.08%
Average Loan Size $2,334 $403
Average Individual Loan Size $2,334 $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 $5,909
Average Loan Size / GDP per capita (PPP) 14.96% 6.82%
Average Time to Fund a Loan 4.23 days 6.96 days
Average Dollars Raised Per Day Per Loan $551.53 $57.84
  Average Loan Term 10.93 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 42 478,905
  Journaling Rate 100.00% 41.63%
  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 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 20% APR 74.00% PY 26.13% PY
  Profitability (return on assets) -4.9% 1% -0.06%
  Average Loan Size (% of per capita income) N/A 4.00% 17.82%

Country Fast Facts

Field Partner Staff

Karla Breceda
Maria Luisa Chavez
Mauricio Mondragon