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

Partner description:

SGS is a public limited company focused on providing financing for housing, small and medium sized businesses, and payroll loans. SGS partners with organizations that specialize in building houses in rural areas in eco-friendly ways. They also purchase local building materials with the aim of stimulating the local economy. SGS was created with the goal of providing affordable housing loans in a region where these loans are expensive and difficult to come by. While their legal name is SGS, they have developed a brand called AMIFIN, which is the name they use to market themselves and is how they are known in Mexico.

A unique lending approach:

Kiva funding helps SGS provide loans to more rural and higher-risk populations. SGS will offer two types of loans with Kiva funding. Housing Improvement loans are provided to extremely vulnerable populations, including women who may be widowed, caring for their parents or who are single mothers. House Eco-Improvement loans help borrowers buy products that improve their quality of life and their health. These products include latrines, solar panels, rain capture tanks, biodigesters, and energy and water saving systems.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 14, 2015 Oct 12, 2005
Total Loans $40,925 $865,272,100
Amount of raised Inactive loans $0 $416,675
Number of raised Inactive loans 0 305
Amount of Paying Back Loans $40,925 $137,521,575
Number of Paying Back Loans 39 167,247
Amount of Ended Loans $0 $727,333,850
Number of Ended Loans 0 903,338
Delinquency Rate 0.35% 8.12%
Amount in Arrears $113 $7,273,690
Outstanding Portfolio $32,570 $89,586,842
Number of Loans Delinquent 1 22,099
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,621,447
Amount of Ended Loans $0 $727,333,850
Number of Ended Loans Defaulted 0 26,678
Currency Exchange Loss Rate 0.17% 0.43%
Amount of Currency Exchange Loss $68 $3,748,624
Refund Rate 0.00% 0.64%
Amount of Refunded Loans $0 $5,544,100
Number of Refunded Loans 0 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.87%
Average Loan Size $1,049 $408
Average Individual Loan Size $1,049 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,937
Average Loan Size / GDP per capita (PPP) 6.73% 6.86%
Average Time to Fund a Loan 9.94 days 6.9 days
Average Dollars Raised Per Day Per Loan $105.54 $59.02
  Average Loan Term 24.79 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 439,156
  Journaling Rate 0.00% 41.46%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% APR 74.00% PY 27.39% PY
  Profitability (return on assets) N/A 1% -0.64%
  Average Loan Size (% of per capita income) N/A 4.00% 19.18%

Country Fast Facts

Field Partner Staff

Cesar Alvarado
Pablo Serrano
Gerardo Suinaga