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 $873,054,075
Amount of raised Inactive loans $0 $554,250
Number of raised Inactive loans 0 488
Amount of Paying Back Loans $40,925 $135,516,625
Number of Paying Back Loans 39 165,732
Amount of Ended Loans $0 $736,983,200
Number of Ended Loans 0 915,295
Delinquency Rate 0.49% 8.65%
Amount in Arrears $153 $7,540,420
Outstanding Portfolio $31,194 $87,151,416
Number of Loans Delinquent 1 23,426
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,712,152
Number of Ended Loans Defaulted 0 27,150
Currency Exchange Loss Rate 0.22% 0.44%
Amount of Currency Exchange Loss $92 $3,823,595
Refund Rate 0.00% 0.65%
Amount of Refunded Loans $0 $5,700,625
Number of Refunded Loans 0 5,834

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.90%
Average Loan Size $1,049 $408
Average Individual Loan Size $1,049 $640
Average Group Loan Size $0 $1,808
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,934
Average Loan Size / GDP per capita (PPP) 6.73% 6.87%
Average Time to Fund a Loan 9.94 days 6.92 days
Average Dollars Raised Per Day Per Loan $105.54 $58.93
  Average Loan Term 24.79 months 11.05 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 446,634
  Journaling Rate 0.00% 41.60%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.27

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 26.87% PY
  Profitability (return on assets) N/A 1% -0.77%
  Average Loan Size (% of per capita income) N/A 4.00% 18.82%

Country Fast Facts

Field Partner Staff

Cesar Alvarado
Pablo Serrano
Gerardo Suinaga