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
Journaling Performance on Kiva
Borrowing Cost Comparison (based on 2009 data)