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 $304,565 $2,208,107,925
Amount of raised Inactive loans $0 $263,150
Number of raised Inactive loans 0 110
Amount of Paying Back Loans $241,890 $151,686,400
Number of Paying Back Loans 357 179,151
Amount of Ended Loans $62,675 $2,056,158,375
Number of Ended Loans 107 2,709,377
Delinquency Rate 0.00% 10.37%
Amount in Arrears $0 $9,445,547
Outstanding Portfolio $82,919 $91,065,307
Number of Loans Delinquent 0 38,269
Default Rate 0.00% 1.81%
Amount of Ended Loans Defaulted $0 $37,120,741
Number of Ended Loans Defaulted 0 97,521
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $78 $13,740,386
Refund Rate 0.00% 0.52%
Amount of Refunded Loans $0 $11,566,110
Number of Refunded Loans 0 9,975

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 72.36% 78.91%
Average Loan Size $656 $407
Average Individual Loan Size $656 $603
Average Group Loan Size $0 $1,963
Average number of borrowers per group 0 8.4
Average GDP per capita (PPP) in local country $15,600 $5,584
Average Loan Size / GDP per capita (PPP) 4.21% 7.29%
Average Time to Fund a Loan 3.58 days 9.19 days
Average Dollars Raised Per Day Per Loan $183.38 $44.31
  Average Loan Term 4.76 months 11.52 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 87 1,304,621
  Journaling Rate 54.79% 41.69%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.52

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 28.52% PY
  Profitability (return on assets) 3.58% 1% -1.50%
  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