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 $112,100 $1,342,243,800
Amount of raised Inactive loans $0 $1,129,300
Number of raised Inactive loans 0 1,461
Amount of Paying Back Loans $23,900 $147,423,550
Number of Paying Back Loans 12 194,726
Amount of Ended Loans $88,200 $1,193,690,950
Number of Ended Loans 82 1,537,959
Delinquency Rate 24.71% 10.51%
Amount in Arrears $2,120 $9,735,701
Outstanding Portfolio $8,501 $92,639,883
Number of Loans Delinquent 12 57,667
Default Rate 1.19% 1.76%
Amount of Ended Loans Defaulted $1,054 $21,037,796
Number of Ended Loans Defaulted 1 51,424
Currency Exchange Loss Rate 0.68% 0.39%
Amount of Currency Exchange Loss $763 $5,195,382
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,939,025
Number of Refunded Loans 0 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 95.88% 76.42%
Average Loan Size $1,193 $394
Average Individual Loan Size $1,193 $609
Average Group Loan Size $0 $1,762
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $15,600 $5,773
Average Loan Size / GDP per capita (PPP) 7.64% 6.82%
Average Time to Fund a Loan 10.93 days 7.13 days
Average Dollars Raised Per Day Per Loan $109.13 $55.26
  Average Loan Term 23.55 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 796,440
  Journaling Rate 0.00% 43.15%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% 74.00% PY 25.24% PY
  Profitability (return on assets) 0.96% 1% -1.43%
  Average Loan Size (% of per capita income) N/A 4.00% 12.96%

Country Fast Facts

Field Partner Staff

Cesar Alvarado
Fernanda Arellano
Pablo Serrano
Gerardo Suinaga