Kiva conducts regular,ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner description:
Pomona Impact is a small business accelerator and impact investing fund focused on social enterprises operating in Central America, Mexico, Colombia and Ecuador. Their primary activities include debt and equity investments in early-stage social enterprises and business consulting services for portfolio companies. Pomona Impact is also focused on helping foster the next generation of entrepreneurs in the region through the development of co-working spaces and skill-building programs.

Pomona Impact's portfolio partners are largely intervention-based social enterprises that seek to contribute significant benefits to people and communities at the bottom of the economic pyramid.

A unique lending approach:
With Kiva funding, Pomona Impact provides working capital loans for social enterprises located in Central America, Mexico, Colombia and Ecuador. Working capital loans are typically used by social enterprises to scale operations to new customers or locations, to purchase larger assets (tools, machinery, etc.), or provide partial financing to customers to help them purchase products or services.

Pomona Impact serves companies that demonstrate positive impact in one or more of the following ways:
  • Going beyond simple job creation to creating sustainable, quality employment with the ability to gain skills and services that help lift people out of poverty over the long term
  • Providing products and services for the base of the pyramid
  • Furthering environmental stewardship
Pomona Impact will put any profits made from Kiva loans into its technical assistance fund for early-stage portfolio partners and for contracting consultants with sector-specific expertise to assist partners.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 18, 2016 Oct 12, 2005
Total Loans $35,700 $937,508,950
Amount of raised Inactive loans $0 $490,500
Number of raised Inactive loans 0 418
Amount of Paying Back Loans $35,700 $142,918,975
Number of Paying Back Loans 3 174,940
Amount of Ended Loans $0 $794,099,475
Number of Ended Loans 0 994,820
Delinquency Rate 0.00% 7.96%
Amount in Arrears $0 $7,436,109
Outstanding Portfolio $35,700 $93,400,003
Number of Loans Delinquent 0 19,319
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,887,300
Number of Refunded Loans 0 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 20.00% 75.18%
Average Loan Size $11,900 $401
Average Individual Loan Size $11,900 $634
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $5,300 $5,898
Average Loan Size / GDP per capita (PPP) 224.53% 6.80%
Average Time to Fund a Loan 13.19 days 6.93 days
Average Dollars Raised Per Day Per Loan $902.44 $57.85
  Average Loan Term 25 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 486,438
  Journaling Rate 0.00% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR 31.00% PY 26.04% PY
  Profitability (return on assets) -10% 4.5% -0.31%
  Average Loan Size (% of per capita income) N/A 18.00% 17.73%

Country Fast Facts

Field Partner Staff

Kamilla Korsnes
Julio Martinez