Ejido Verde Reserves
Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Oct 14, 2014 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $481,425 | $2,043,136,230 | |
Amount of raised Inactive loans | $0 | $315,725 | |
Number of raised Inactive loans | 0 | 154 | |
Amount of Paying Back Loans | $481,425 | $158,755,080 | |
Number of Paying Back Loans | 32 | 190,945 | |
Amount of Ended Loans | $0 | $1,843,276,930 | |
Number of Ended Loans | 0 | 2,482,141 | |
Delinquency Rate | 3.28% | 12.42% | |
Amount in Arrears | $11,366 | $12,118,257 | |
Outstanding Portfolio | $346,741 | $97,565,545 | |
Number of Loans Delinquent | 6 | 65,821 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $33,601,429 | |
Number of Ended Loans Defaulted | 0 | 88,741 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,608,670 | |
Refund Rate | 0.00% | 0.54% | |
Amount of Refunded Loans | $0 | $10,936,620 | |
Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 15.15% | 78.46% | |
---|---|---|---|
Average Loan Size | $3,231 | $393 | |
Average Individual Loan Size | $0 | $586 | |
Average Group Loan Size | $15,045 | $1,910 | |
Average number of borrowers per group | 4.7 | 8.3 | |
Average GDP per capita (PPP) in local country | $15,600 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 20.71% | 7.02% | |
Average Time to Fund a Loan | 9.28 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $347.99 | $43.11 | |
Average Loan Term | 142.67 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 173 | 1,217,547 | |
---|---|---|---|
Journaling Rate | 100.00% | 41.90% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 0% APR | 74.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | -14.85% | 1% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 4.00% | 0.00% |
Country Fast Facts
- Country:
- Mexico
- Capital:
- Mexico City
- Official Language:
- Spanish 92.7%, other indigenous languages 5.7%
- Population:
- 120,286,655
- Avg Annual Income:
- $15,600
- Labor Force:
- agriculture: 13.4%, industry: 24.1%, services: 61.9%
- Population Below Poverty Line:
- 52.30%
- Literacy Rate:
- 93.50%
- Infant Mortality Rate (per 1000):
- 12.58 deaths
- Life Expectancy:
- 75.43 years