Adobe Capital - Mexico
Kiva and Adobe Capital have agreed to end their partnership after 5 years and more than $75,000 in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Adobe Capital for the years of collaboration and wish them success in their future endeavors.
Kiva conducts regular, ongoing monitoring of all Lending 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 Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Apr 28, 2015 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $75,000 | $2,055,660,225 | |
Amount of raised Inactive loans | $0 | $243,660 | |
Number of raised Inactive loans | 0 | 229 | |
Amount of Paying Back Loans | $0 | $157,583,105 | |
Number of Paying Back Loans | 0 | 187,387 | |
Amount of Ended Loans | $75,000 | $1,854,316,460 | |
Number of Ended Loans | 2 | 2,501,443 | |
Delinquency Rate | 0.00% | 12.34% | |
Amount in Arrears | $0 | $11,972,422 | |
Outstanding Portfolio | $0 | $97,022,683 | |
Number of Loans Delinquent | 0 | 63,564 | |
Default Rate | 0.00% | 1.84% | |
Amount of Ended Loans Defaulted | $0 | $34,032,174 | |
Number of Ended Loans Defaulted | 0 | 91,246 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,742,203 | |
Refund Rate | 99.27% | 0.55% | |
Amount of Refunded Loans | $74,450 | $11,261,520 | |
Number of Refunded Loans | 2 | 9,866 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 0.00% | 78.49% | |
---|---|---|---|
Average Loan Size | $37,363 | $393 | |
Average Individual Loan Size | $37,363 | $585 | |
Average Group Loan Size | $0 | $1,913 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $15,600 | $5,591 | |
Average Loan Size / GDP per capita (PPP) | 239.50% | 7.03% | |
Average Time to Fund a Loan | 9.11 days | 9.13 days | |
Average Dollars Raised Per Day Per Loan | $4,099.55 | $43.05 | |
Average Loan Term | 17.14 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,224,621 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.92% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 6% APR | 74.00% PY | 26.61% PY | |
---|---|---|---|---|
Profitability (return on assets) | -1.2% | 1% | -1.37% | |
Average Loan Size (% of per capita income) | N/A | 4.00% | 0.00% |
Country Fast Facts
- Country:
- Mexico
- Capital:
- Mexico City
- Official Language:
- Spanish 92.7%, other indigenous languages 5.7%
- Population:
- 120,286,655
- Avg Annual Income:
- $15,600
- Labor Force:
- agriculture: 13.4%, industry: 24.1%, services: 61.9%
- Population Below Poverty Line:
- 52.30%
- Literacy Rate:
- 93.50%
- Infant Mortality Rate (per 1000):
- 12.58 deaths
- Life Expectancy:
- 75.43 years