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 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 $75,000 $1,449,369,725
Amount of raised Inactive loans $0 $1,208,375
Number of raised Inactive loans 0 250
Amount of Paying Back Loans $0 $146,793,450
Number of Paying Back Loans 0 166,255
Amount of Ended Loans $75,000 $1,301,367,900
Number of Ended Loans 2 1,706,449
Delinquency Rate 0.00% 22.34%
Amount in Arrears $0 $21,032,049
Outstanding Portfolio $0 $94,127,897
Number of Loans Delinquent 0 73,201
Default Rate 0.00% 1.73%
Amount of Ended Loans Defaulted $0 $22,469,421
Number of Ended Loans Defaulted 0 54,461
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,311
Refund Rate 99.27% 0.63%
Amount of Refunded Loans $74,450 $9,150,775
Number of Refunded Loans 2 8,489

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 76.68%
Average Loan Size $37,363 $395
Average Individual Loan Size $37,363 $611
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,730
Average Loan Size / GDP per capita (PPP) 239.50% 6.89%
Average Time to Fund a Loan 9.11 days 7.43 days
Average Dollars Raised Per Day Per Loan $4,099.55 $53.14
  Average Loan Term 17.14 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 910,334
  Journaling Rate 0.00% 43.83%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

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 74.00% PY 25.38% PY
  Profitability (return on assets) -1.2% 1% -1.35%
  Average Loan Size (% of per capita income) N/A 4.00% 12.34%

Country Fast Facts

Field Partner Staff