Status update - November 24, 2020

2020 has not been kind to small businesses and Extensio is no exception. By the end of May, due to the effects of COVID-19, Extensio lost their second largest contract and made the difficult decision to close the company. Fortunately, when communicating this decision to their network, various acquisition opportunities arose and they were able to close a deal with another social entrepreneur, Acceso, aligned with their vision of positive social change in the rural communities of Latin America. The deal value is symbolic, and unfortunately does not enable them to reimburse their Kiva loan and as such, we are defaulting this loan on Kiva. However, this deal will allow Extensio's vision to continue and their impact to scale. 

There is no Field Partner for this loan. It is part of the Direct to Social Enterprise program. For more details on DSE, please click here. For more details on the borrower, please refer to their loan profile. 
 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 18, 2019 Oct 12, 2005
Total Loans $32,000 $1,482,205,100
Amount of raised Inactive loans $0 $1,119,350
Number of raised Inactive loans 0 1,163
Amount of Paying Back Loans $0 $149,396,950
Number of Paying Back Loans 0 180,185
Amount of Ended Loans $32,000 $1,331,688,800
Number of Ended Loans 1 1,745,067
Delinquency Rate 0.00% 21.45%
Amount in Arrears $0 $20,321,536
Outstanding Portfolio $0 $94,735,852
Number of Loans Delinquent 0 71,695
Default Rate 100.00% 1.72%
Amount of Ended Loans Defaulted $32,000 $22,910,896
Number of Ended Loans Defaulted 1 55,716
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,189,807
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $9,320,325
Number of Refunded Loans 0 8,647

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 76.87%
Average Loan Size $32,000 $394
Average Individual Loan Size $32,000 $607
Average Group Loan Size $0 $1,778
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,723
Average Loan Size / GDP per capita (PPP) 205.13% 6.89%
Average Time to Fund a Loan 3.65 days 7.71 days
Average Dollars Raised Per Day Per Loan $8,774.39 $51.16
  Average Loan Term 13 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2 926,345
  Journaling Rate 100.00% 43.36%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 74.00% PY 26.92% PY
  Profitability (return on assets) 33.7% 1% -0.47%
  Average Loan Size (% of per capita income) N/A 4.00% 12.16%

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

Field Partner Staff

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