AlSolAlternativa Solidaria Chiapas A.C. (Mexico microfinance)
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Figure 1 shows a screenshot of the data set, making clear how AlSol tracks payments.
The first challenge encountered in the data is to note that AlSol does not track how far ahead or behind each borrower is at every given date.
Alsol provides loans both at the urban and rural level.
In the progressive loan scheme, AlSol provides six different loan levels as of July 2, 2001.
Following the description of the lending process for AlSol micro credit from the previous sections, the authors propose the following equation to determine repayment rates.
The overall findings indicate that AlSol enjoys high repayment rates, making of AlSol micro credit a sustainable source of entrepreneurship development for small-scale businesses and possibly a means of reducing poverty through the provision of financial services in San Cristobal.
From the empirical results it is clear that peer monitoring is not a driving force in determining repayment rates in AlSol micro credit.
The present research brings forth new evidence to better understand the nature of the successful repayment rates shown in microfinance, using empirical evidence from AlSol micro credit.
Urban loans provide a significant contribution to the sustainability of the AlSol program as their performance allows for a lower overall level of arrears and because urban loans carry a higher interest rate increasing the financial program viability.
Evidence from AlSol micro credit indicates that those at the lowest income bracket are capable of borrowing money, making regular payments, and generating savings while maintaining significant high repayment rates.
The authors also thank the people of AlSol, specially Claudia Rovelo, Pilar Garcia, and all the promoters that helped them during their visit to San Cristobal de las Casas.