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

Status update — September 3, 2015

After 14 months on Kiva and $200K in loans fundraised, Ejido Verde Reserves has graduated out of Kiva’s Experimental Partnership program and been given a risk rating of 0.5 stars. 


Partner description: 

Ejido Verde Reserves (EVR) is a nonprofit organization that is run by leaders of the Mexican pine-chemicals industry in partnership with Indigenous communities. It operates in the states of Michoacan, Jalisco and Mexico. 

The organization is working to establish productive native resin pine plantations on Indigenous lands with the goal of improving Indigenous livelihoods, reforesting idle lands and increasing domestic production of pine resin.  

Pine resin, a millennial industry, is used in the manufacture of adhesives, inks, chewing gum, pine oil, surface coatings, insulating materials and synthetic rubber. 

Learn more about Ejido Verde Reserves in this video»


A unique lending approach:

Recipients of Kiva and EVR loans are currently earning income from tapping their native forests, which have tree densities—on average—of around 50 trees/hectare. 

With support from EVR and Kiva, these communities would be able to cultivate plantations of 800 trees/hectare, drastically increasing the number of trees from which to sustainably extract resin, decreasing travel time between trees in order to tap, and increasing incomes by over 500% over the course of 1-2 decades. 

Kiva loans of 0% interest will be used to establish pine plantations in communities that are already working with EVR, and EVR will not charge any interest either on this capital. Each loan will be for 15 years, with repayments equal to 10% of resin sales due back to Kiva lenders annually at the time of each sale. With Kiva’s support, EVR will be able to improve the livelihoods of many Indigenous communities.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 14, 2014 Oct 12, 2005
Total Loans $200,000 $920,092,225
Amount of raised Inactive loans $0 $503,450
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $200,000 $138,323,900
Number of Paying Back Loans 6 167,870
Amount of Ended Loans $0 $781,264,875
Number of Ended Loans 0 977,919
Delinquency Rate 0.00% 8.72%
Amount in Arrears $0 $7,770,284
Outstanding Portfolio $118,496 $89,089,759
Number of Loans Delinquent 0 22,816
Default Rate 0.00% 1.37%
Amount of Ended Loans Defaulted $0 $10,705,517
Number of Ended Loans Defaulted 0 30,591
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $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 0.00% 75.08%
Average Loan Size $3,846 $403
Average Individual Loan Size $0 $635
Average Group Loan Size $33,333 $1,783
Average number of borrowers per group 8.7 7.8
Average GDP per capita (PPP) in local country $15,600 $5,910
Average Loan Size / GDP per capita (PPP) 24.65% 6.82%
Average Time to Fund a Loan 22.92 days 6.96 days
Average Dollars Raised Per Day Per Loan $167.79 $57.87
  Average Loan Term 133.14 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 478,842
  Journaling Rate 0.00% 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 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 74.00% PY 26.13% PY
  Profitability (return on assets) 18.4% 1% -0.06%
  Average Loan Size (% of per capita income) N/A 4.00% 17.82%

Country Fast Facts

Field Partner Staff

Osvaldo Farias
Carmen Monroy
Shaun Paul