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:
 
Adobe Capital is an impact investment firm that focuses on supporting social and environmental businesses in the early stages of growth in Mexico. Adobe Capital was created to improve upon the work done by New Ventures Mexico, a non-profit founded  by the World Resources Institute to accelerate the distribution of capital to social businesses in Mexico.
 
Adobe Capital receives several benefits from its partnership with New Ventures Mexico. Adobe Capital is able to use New Ventures Mexico’s network  to expand its sources of investment. New Ventures Mexico also offers services such as technical assistance and marketing guidance to Adobe Capital borrowers.
 
Adobe Capital funds 3 social ventures: FINAE (an education company),Greenland (a green cleaning product manufacturer), and SalaUno (a healthcare social enterprise). The firm is currently in the process of finalizing an investment in Sala Uno, an organization offering eye surgeries to low-income people.   
 
Several large institutional funders including the Inter-American Development Bank and the German Development Bank have endorsed Adobe Capital.
 
A unique lending approach:

Adobe Capital provides 2 types of low-cost loans: revolving loans for working capital and capital expenditure loans. Revolving loans for working capital fund ongoing business needs such as inventory. Capital expenditure loans finance equipment necessary for business expansion. 

 


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Apr 28, 2015 Oct 12, 2005
Total Loans $99,450 $939,391,750
Amount of raised Inactive loans $0 $523,475
Number of raised Inactive loans 0 519
Amount of Paying Back Loans $49,450 $144,680,000
Number of Paying Back Loans 2 177,234
Amount of Ended Loans $50,000 $794,188,275
Number of Ended Loans 1 994,961
Delinquency Rate 0.00% 7.81%
Amount in Arrears $0 $7,430,834
Outstanding Portfolio $43,339 $95,114,087
Number of Loans Delinquent 0 19,254
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,575
Number of Ended Loans Defaulted 0 31,507
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 50.28% 0.63%
Amount of Refunded Loans $50,000 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.19%
Average Loan Size $37,363 $401
Average Individual Loan Size $37,363 $634
Average Group Loan Size $0 $1,772
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,896
Average Loan Size / GDP per capita (PPP) 239.50% 6.80%
Average Time to Fund a Loan 9.11 days 6.93 days
Average Dollars Raised Per Day Per Loan $4,099.55 $57.88
  Average Loan Term 17.14 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 488,756
  Journaling Rate 0.00% 41.62%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.19

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 3% APR 74.00% PY 25.92% PY
  Profitability (return on assets) 0.43% 1% -0.29%
  Average Loan Size (% of per capita income) N/A 4.00% 17.68%

Country Fast Facts

Field Partner Staff

Miguel Duhalt
Maria Jose González
Gabriel Meizner
Erik Wallsten