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

Status Update - June 11, 2018

On June 3rd, Volcan Fuego in Guatemala erupted sending pyroclastic flows down its south-eastern slopes which engulfed several villages such as San Miguel de Los Lotes and El Rodeo. More than 100 people have lost their lives and more than 200 are still missing as search & rescue efforts are on-going amidst renewed volcanic activity emanating from Fuego. 4,000 people have also been evacuated. We have contacted our partners in Guatemala and both field staff and their families are safe. Our partners are in the process of contacting their clients to ascertain the gravity of the situation and initiate disaster relief activities. We will be in touch with our partners to assess how best we can help their borrowers recover in the event some of them have been affected. 

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 $62,500 $1,403,578,700
Amount of raised Inactive loans $0 $955,975
Number of raised Inactive loans 0 395
Amount of Paying Back Loans $25,500 $149,799,600
Number of Paying Back Loans 2 193,581
Amount of Ended Loans $37,000 $1,252,823,125
Number of Ended Loans 3 1,620,750
Delinquency Rate 74.79% 21.83%
Amount in Arrears $12,467 $20,410,873
Outstanding Portfolio $16,668 $93,484,683
Number of Loans Delinquent 2 129,914
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $22,054,387
Number of Ended Loans Defaulted 0 53,549
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,880,100
Number of Refunded Loans 0 8,381

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 14.29% 76.47%
Average Loan Size $12,500 $393
Average Individual Loan Size $12,500 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $5,300 $5,749
Average Loan Size / GDP per capita (PPP) 235.85% 6.84%
Average Time to Fund a Loan 11.38 days 7.18 days
Average Dollars Raised Per Day Per Loan $1,098.34 $54.73
  Average Loan Term 23.86 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 5 865,606
  Journaling Rate 80.00% 43.37%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 6% APR 31.00% PY 25.74% PY
  Profitability (return on assets) -3.4% 4.5% -1.78%
  Average Loan Size (% of per capita income) N/A 18.00% 12.55%

Country Fast Facts

Field Partner Staff

Kamilla Korsnes
Julio Martinez