Avance y Fortalecimiento Integral, S.A. de C.V., SOFOM, ENR

Mission:

Somos una empresa comprometida con nuestros clientes, ofreciendo productos y servicios de alta calidad para generar oportunidades de desarrollo, teniendo como principios fundamentales el trabajo y la honestidad para crear valor en nuestra empresa, fomentando el desarrollo de nuestro capital humano.

Background and Main Challenges:

Constituirse como una empresa competitiva y rentable, reconocida a nivel regional por el buen servicio y alta calidad de sus productos, precursora de bienestar para la sociedad, apoyándose en un equipo de trabajo bien capacitado y altamente comprometido con los resultados de la empresa.

Address:

Av. Pascual Orozco 1139 -1 Col. Magisterial

Chihuahua

31200

Mexico

Phone:

(614) 414-3334

Email:

avancefi [at] prodigy [dot] net [dot] mx

Website:

www.avancefi.com

Main Funding Sources:

Préstamos

Capital accionario

Products and Services:

Préstamos

Capacitación y consultoría

Looking for (Investment Types):

Préstamos en moneda local

Date established:

May 10 2007

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
	1
Clients living in urban areas	2
Women	3
Clients living in rural areas	4
+ Development goals (ranked by importance)
Growth of existing businesses	1
Employment generation	2
Poverty reduction	3
+ Poverty targets
No specific poverty target
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit for household needs/consumption
SME loans
Loans for agriculture
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
+ Other financial products and services offered
+ 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.
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.
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
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
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

Avance y Fortalecimiento Integral, S.A. de C.V., SOFOM, ENR

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Social Performance Profile

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