ACCIONA Microenergia Mexico (AMM) is a non-profit organization founded by Fundacion ACCIONA Microenergia (FUNDAME), which is its reference partner. FUNDAME is the corporate foundation of one of the leading Spanish companies in the renewable energies and infrastructure sector.
FUNDAME, established in 2008, operates through AMM to provide basic services such as energy, water, and infrastructure in a sustainable way to isolated communities living in rural areas of Mexico.
A unique lending approach:
AMM offers quality solar systems to isolated communities in Mexico, and provides them with the electricity they need in order to light their homes. Funding of loans on Kiva allows AMM to buy solar systems for low-income households in those communities. Each community will pay a monthly maintenance fee that will allow AMM to pay back the loan. There is 0% interest on that 12-month loan. Photovoltaic systems permit families to have four hours of quality light per day, and eliminate the danger of using kerosene lamps. With Kiva’s support, AMM will be able to reach more isolated communities and provide them with electricity.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 9, 2014 Oct 12, 2005
Total Loans $77,550 $907,187,850
Amount of raised Inactive loans $0 $1,241,575
Number of raised Inactive loans 0 1,229
Amount of Paying Back Loans $25,600 $144,182,325
Number of Paying Back Loans 29 177,966
Amount of Ended Loans $51,950 $761,763,950
Number of Ended Loans 127 949,282
Delinquency Rate 100.00% 8.85%
Amount in Arrears $7,879 $8,447,791
Outstanding Portfolio $7,879 $95,469,515
Number of Loans Delinquent 29 30,621
Default Rate 0.00% 1.36%
Amount of Ended Loans Defaulted $0 $10,392,735
Number of Ended Loans Defaulted 0 29,689
Currency Exchange Loss Rate 3.12% 0.46%
Amount of Currency Exchange Loss $2,421 $4,145,375
Refund Rate 7.96% 0.64%
Amount of Refunded Loans $6,175 $5,824,625
Number of Refunded Loans 5 5,887

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 15.43% 75.01%
Average Loan Size $103 $405
Average Individual Loan Size $92 $636
Average Group Loan Size $1,105 $1,795
Average number of borrowers per group 10.6 7.8
Average GDP per capita (PPP) in local country $15,600 $5,918
Average Loan Size / GDP per capita (PPP) 0.66% 6.84%
Average Time to Fund a Loan 2.42 days 6.97 days
Average Dollars Raised Per Day Per Loan $42.53 $58.07
  Average Loan Term 9.12 months 11.09 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 139 470,703
  Journaling Rate 87.82% 41.78%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.23

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 13% APR 74.00% PY 26.37% PY
  Profitability (return on assets) -11.3% 1% 0.15%
  Average Loan Size (% of per capita income) N/A 4.00% 18.21%

Country Fast Facts

Field Partner Staff

Julio Eisman
José Gabriel Martín
María José Olivar
Enrique Toledo