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- August 30, 2022


Kiva and SGS have agreed to end their partnership after nearly 7 years and more than $299,000 in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank SGS for the years of collaboration and wish them success in their future endeavors.


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 Lending Partner All Kiva Partners
  Start Date On Kiva Oct 14, 2015 Oct 12, 2005
Total Loans $299,550 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $0 $161,570,650
Number of Paying Back Loans 0 189,208
Amount of Ended Loans $299,550 $1,768,476,020
Number of Ended Loans 104 2,370,357
Delinquency Rate 0.00% 12.09%
Amount in Arrears $0 $12,154,807
Outstanding Portfolio $0 $100,506,286
Number of Loans Delinquent 0 72,423
Default Rate 0.35% 1.83%
Amount of Ended Loans Defaulted $1,054 $32,355,409
Number of Ended Loans Defaulted 1 84,925
Currency Exchange Loss Rate 0.35% 0.50%
Amount of Currency Exchange Loss $1,036 $12,005,888
Refund Rate 0.00% 0.54%
Amount of Refunded Loans $0 $10,526,300
Number of Refunded Loans 0 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 91.82% 78.24%
Average Loan Size $2,880 $392
Average Individual Loan Size $2,880 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $15,600 $5,600
Average Loan Size / GDP per capita (PPP) 18.46% 7.00%
Average Time to Fund a Loan 10.54 days 8.93 days
Average Dollars Raised Per Day Per Loan $273.37 $43.86
  Average Loan Term 22.33 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,731
  Journaling Rate 0.00% 42.24%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2017 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% 74.00% PY 27.02% PY
  Profitability (return on assets) N/A 1% -3.10%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff