Alivio Capital is a Mexican for-profit organization that provides accessible financing for low-income families to cover medical expenses. Low-income families are often forced to sell family assets or resort to informal lenders in order to pay for unexpected medical bills. By providing these families with accessible financing, Alivio enables patients to, over time, pay their hospital bills and doctor’s fees, as well as to buy any medical equipment needed for their recovery.
 
 
A unique lending approach:
 
Alivio Capital loans range from  $300 to $800 with an annual interest rate of 28%. This rate is half of what some other formal lenders offer and one third of that of other informal lenders.  Alivio funds can only be used to pay for hospital bills, cover doctor’s fees, and purchase vital medical equipment. Each client is evaluated based on ad-hoc credit scoring criteria.
 
Alivio Capital began operations in Mexico four years ago, and has since been growing at a steady pace.
 
With Kiva’s support, Alivio Capital hopes to expand their customer base to include the most vulnerable low-income populations that other formal institutions are not willing to lend to.  

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 9, 2014 Oct 12, 2005
Total Loans $229,450 $778,640,875
Amount of raised Inactive loans $0 $228,825
Number of raised Inactive loans 0 137
Amount of Paying Back Loans $183,950 $133,313,000
Number of Paying Back Loans 277 157,230
Amount of Ended Loans $45,500 $645,099,050
Number of Ended Loans 83 798,502
Delinquency Rate 2.05% 8.87%
Amount in Arrears $2,540 $7,839,646
Outstanding Portfolio $123,985 $88,389,198
Number of Loans Delinquent 40 30,316
Default Rate 0.00% 1.26%
Amount of Ended Loans Defaulted $0 $8,153,303
Amount of Ended Loans $45,500 $645,099,050
Number of Ended Loans Defaulted 0 21,932
Currency Exchange Loss Rate 0.43% 0.37%
Amount of Currency Exchange Loss $984 $2,861,801
Refund Rate 0.00% 0.66%
Amount of Refunded Loans $0 $5,128,525
Number of Refunded Loans 0 5,568

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 47.85% 74.54%
Average Loan Size $637 $414
Average Individual Loan Size $637 $648
Average Group Loan Size $0 $1,841
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $15,600 $5,947
Average Loan Size / GDP per capita (PPP) 4.09% 6.95%
Average Time to Fund a Loan 12.04 days 6.73 days
Average Dollars Raised Per Day Per Loan $52.94 $61.46
  Average Loan Term 13.4 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 381,565
  Journaling Rate 0.00% 40.80%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.45

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 37% APR 74.00% PY 29.09% PY
  Profitability (return on assets) 0.9% 1% -1.41%
  Average Loan Size (% of per capita income) N/A 4.00% 19.25%

Country Fast Facts

Field Partner Staff

Marlene Silva
Patricio Villareal