Avanza Solido

funding gap emerging markets

Avanza Sólido is a microfinance institution that promotes sustainable growth and stability for vulnerable entrepreneurs in rural areas of Mexico. The organization operates in the states of Chiapas, Yucatán, Veracruz, Tabasco, and Campeche. With its social mission, Avanza Sólido primarily focuses on women, youth, and indigenous communities.

Avanza Sólido provides group and individual loans for working capital and home improvement. Additionally, entrepreneurs receive training in business management and financial skills, while the institution also organizes health and wellness campaigns.

With 331 employees, Avanza Sólido contributes to social and economic development in Mexico, focusing on reducing inequality and strengthening local communities.

 

General information

BorrowerAvanza Solido S.A. de C.V., SOFOM, E.N.R
CountryMexico
Head officeTuxtla Gutierrez
Websitehttps://www.avanzasolido.com.mx/
Founded13 April 2011
Active on Lendahand since28 January 2025
Credit ScoreA+

Financial information per 2024-09-30

Portfolio Overview€43,553,473
Leverage ratio0.51%
Write-off ratio0.00%
% investment amount in arrears (>90 days)1.11%

About Mexico

Mexico is a federal republic consisting of 31 states and Mexico City, one of the biggest cities in the world. Spanish is the most widely spoken language in the country and approximately 10 percent of the population speaks an indigenous language. In 2020, Mexico’s economic growth was -8.5% with a strong impact from COVID. Its economy is now recovering with +3% in Q4’20 and +3% to +5% anticipated in 2021. Its most important agricultural export product is corn (4th biggest exporter in the world). The welfare of the people, however, is unevenly distributed; the top 20% earns 55% of the total income and almost one-fifth of the population lives below the poverty line.

Last funded project