Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner. Partner description: Based in Chiapas and founded in 2011, Avanza Sólido is a relatively young micro-finance institution. Their mission is to strengthen the economic independence of women and their families by providing financial products and wrap-around services that contribute to long-term community welfare. They provide individual and group loans, with a focus on women and rural populations. A unique lending approach: Avanza Sólido's winning formula is clear: appropriate/affordable credit + social programs = sustainable impact. In the competitive micro-finance market of Southern Mexico, Kiva funding helps Avanza Sólido to offer below market interest rates and a suite of non-financial services. These wrap-around services are grouped into 3 programatic areas: women's social and economic empowerment, health care (principally preventive and reproductive), and environment (for example, technologies/strategies to more efficiently use energy and water in businesses or households).


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Oct 17, 2024 Oct 12, 2005
Total Loans $370,540 $2,230,609,615
Amount of raised Inactive loans $0 $224,600
Number of raised Inactive loans 0 56
Amount of Paying Back Loans $263,040 $158,308,565
Number of Paying Back Loans 365 184,668
Amount of Ended Loans $107,500 $2,072,076,450
Number of Ended Loans 175 2,727,577
Delinquency Rate 0.00% 11.13%
Amount in Arrears $0 $10,973,860
Outstanding Portfolio $105,058 $98,561,018
Number of Loans Delinquent 0 75,521
Default Rate 0.00% 1.80%
Amount of Ended Loans Defaulted $0 $37,194,266
Number of Ended Loans Defaulted 0 97,691
Currency Exchange Loss Rate 0.00% 0.38%
Amount of Currency Exchange Loss $78 $13,796,854
Refund Rate 0.00% 0.52%
Amount of Refunded Loans $0 $11,587,485
Number of Refunded Loans 0 9,985

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 70.64% 78.95%
Average Loan Size $686 $409
Average Individual Loan Size $686 $604
Average Group Loan Size $0 $1,972
Average number of borrowers per group 0 8.4
Average GDP per capita (PPP) in local country $13,967 $4,377
Average Loan Size / GDP per capita (PPP) 4.91% 9.33%
Average Time to Fund a Loan 3.53 days 9.21 days
Average Dollars Raised Per Day Per Loan $194.35 $44.36
  Average Loan Term 4.79 months 11.52 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 127 1,315,881
  Journaling Rate 43.31% 41.70%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.51

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 74.00% PY 28.77% PY
  Profitability (return on assets) 3.58% 1% -1.56%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff

Daniel Gomez Espinosa
Katia Navarro
David Salinas