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 $853,192,750
Amount of raised Inactive loans $0 $389,800
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $25,600 $136,987,950
Number of Paying Back Loans 29 166,464
Amount of Ended Loans $51,950 $715,815,000
Number of Ended Loans 127 887,141
Delinquency Rate 60.01% 8.44%
Amount in Arrears $4,729 $7,463,859
Outstanding Portfolio $7,879 $88,433,122
Number of Loans Delinquent 26 23,829
Default Rate 0.00% 1.29%
Amount of Ended Loans Defaulted $0 $9,262,536
Amount of Ended Loans $51,950 $715,815,000
Number of Ended Loans Defaulted 0 24,043
Currency Exchange Loss Rate 2.11% 0.43%
Amount of Currency Exchange Loss $1,634 $3,656,456
Refund Rate 7.96% 0.64%
Amount of Refunded Loans $6,175 $5,429,350
Number of Refunded Loans 5 5,746

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 15.43% 74.81%
Average Loan Size $103 $408
Average Individual Loan Size $92 $642
Average Group Loan Size $1,105 $1,812
Average number of borrowers per group 10.6 7.8
Average GDP per capita (PPP) in local country $15,600 $5,939
Average Loan Size / GDP per capita (PPP) 0.66% 6.87%
Average Time to Fund a Loan 2.42 days 6.89 days
Average Dollars Raised Per Day Per Loan $42.53 $59.18
  Average Loan Term 9.12 months 11.03 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 118 433,308
  Journaling Rate 78.91% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.30

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 27.46% PY
  Profitability (return on assets) -11.3% 1% -0.60%
  Average Loan Size (% of per capita income) N/A 4.00% 19.25%

Country Fast Facts

Field Partner Staff

Julio Eisman
José Gabriel Martín
María José Olivar
Enrique Toledo