Status update — December 4, 2019

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 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $0 $161,570,650
Number of Paying Back Loans 0 189,208
Amount of Ended Loans $75,000 $1,768,476,020
Number of Ended Loans 2 2,370,357
Delinquency Rate 0.00% 12.09%
Amount in Arrears $0 $12,154,807
Outstanding Portfolio $0 $100,506,286
Number of Loans Delinquent 0 72,423
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,355,409
Number of Ended Loans Defaulted 0 84,925
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $12,005,888
Refund Rate 99.27% 0.54%
Amount of Refunded Loans $74,450 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 78.24%
Average Loan Size $37,363 $392
Average Individual Loan Size $37,363 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $15,600 $5,600
Average Loan Size / GDP per capita (PPP) 239.50% 7.00%
Average Time to Fund a Loan 9.11 days 8.93 days
Average Dollars Raised Per Day Per Loan $4,099.55 $43.86
  Average Loan Term 17.14 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,731
  Journaling Rate 0.00% 42.24%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

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 27.02% PY
  Profitability (return on assets) -1.2% 1% -3.10%
  Average Loan Size (% of per capita income) N/A 4.00% 0.00%

Country Fast Facts

Lending Partner Staff