Alianza Financiera Social S.A. de C.V. SOFOM ENR

Mission:

Mejorar la calidad de vida de grupos vulnerables económicamente activos y con actividades productivas a través de acceso a financiamiento y programas de desarrollo.

Background and Main Challenges:

ALFIN Social tiene su antecedente en Grameen, asociación fundada en el 2000 y que operaba como fideicomiso desde 1997, misma que con apoyo de entidades como Grameen Bank, BID, PRONAFIM y FIRA, busca contribuir al abatimiento de la pobreza y subdesarrollo que viven los habitantes de algunas ... Read more

Address:

Calle Primero de Marzo Núm. 33-B Colonia Centro

San Cristóbal de las Casas

Chiapas

CP 29200

Mexico

Phone:

(+52) 967 67 4 99 00

Fax:

(+52) 967 67 4 99 00

Email:

grameen [at] grameen [dot] org [dot] mx

Products and Services:

Loans

Funds Transfer Services

Looking for (Investment Types):

Loans in Local Currency

Capacity-Building Grants

Date established:

Jan 5 2008

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Público en general.	1
Women	2
Clients living in rural areas	3
Clients living in urban areas	4
+ Development goals (ranked by importance)
Housing	1
Gender equality and women's empowerment	2
Development of start-up enterprises	3
+ Poverty targets
Low income clients
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
Loans for agriculture
Housing loans
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
+ Other financial products and services offered
Remittances services
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
This institution includes specific clauses in its loan contracts to mitigate specific environmental risks
+ Poverty measurement tools in use

MFI Report

Alianza Financiera Social S.A. de C.V. SOFOM ENR

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Social Performance Profile

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