OnCo Inc Impact Tracking Report

 

OnCo Inc Impact Tracking Report

Community Impact Lending

Reporting Period: FY2025

Prepared For: Opportunity Finance Network Membership Consideration

OnCo Board of Directors

1. Executive Summary

OnCo is a mission-driven, nonprofit community impact lender focused on expanding access to capital for underserved and underbanked small businesses in the southeastern United States and Indiana. Powered by Loan Mantra’s secure, AI-enabled lending infrastructure, OnCo delivers transparent, efficient, and responsible credit solutions while maintaining rigorous compliance and data integrity standards.

During the reporting period, OnCo deployed capital into high-impact communities, improved borrower access to financing, and strengthened operational oversight through measurable, technology-enabled performance tracking.

2. Capital Deployment Overview

  • Total Loans Originated: $2,705,000.00
  • Total Dollar Volume Deployed: $2,705,000.00
  • Average Loan Size: $541,000.00
  • Number of First-Time Borrowers: 5
  • Portfolio Outstanding: $900,000.00

3. Target Market Impact

OnCo’s lending activity aligns with CDFI Fund Target Market requirements.

A. Geographic Impact
  • Percentage of loans in LMI census tracts: 83%
  • Rural market penetration: 60%
B. Demographic Impact
  • Minority-owned businesses financed: 100%
  • Women-owned businesses financed: 20%
C. Industry Focus
  • Service sector: 100%
    ⚬ Retail: 60%
    ⚬ Transportation: 20%
    ⚬ Hospitality: 20%

All demographic data is self-certified and documented within the platform to ensure audit
traceability.

4. Economic Outcomes

Impact is tracked at origination and post-closing intervals.

A. Job Creation and Retention
  • Jobs created: 8
  • Jobs retained: 42
  • Average wage impact: ~$42,000.00

OnCo promotes living wages for borrowers supporting FTEs

B. Business Stability
  • Businesses reporting revenue growth post funding: 100%
  • Repeat borrower rate: 60%
  • Portfolio delinquency rate: 0%

OnCo’s real-time reporting dashboard enables ongoing portfolio health monitoring and early risk
identification.

5. Financial Inclusion Metrics

OnCo prioritizes responsible underwriting and expanded credit access.

  • Percentage of borrowers with limited prior bank financing: 0%
  • Average borrower credit score range: 782
  • Alternative data or character-based underwriting utilized: Yes
  • Technical assistance provided: 100+ hours

The underwriting environment supports flexible but disciplined credit evaluation aligned with mission goals and prudent risk management.

6. Technology-Enabled Compliance and Transparency

OnCo, by way of its affiliate Loan Mantra, provides:

  • Full audit trails of credit decisions.
  • Role-based access and segregation of duties.
  • Encrypted document storage.
  • Exception tracking and approval logging.
  • Automated reporting for CDFI Fund and investor requirements.

All borrower demographic, geographic, and impact fields are structured data fields, reducing reporting risk and improving data integrity.

7. Risk and Portfolio Performance

  • Net charge-off rate: 0%
  • Delinquency over 30 days: 0%
  • Loan loss reserve ratio: 0%
  • Risk rating distribution summary attached.

AI-supported workflow controls assist in early identification of covenant breaches and risk triggers while preserving human credit authority.

8. Community Development Outcomes

Capital deployed during this reporting period supported:

  • Expansion of local employment bases.
  • Stabilization of rural enterprises.
  • Support for minority entrepreneurship.
  • Revitalization of small business corridors.

9. Operational Efficiency and Stewardship

By leveraging Loan Mantra’s automation and integrated reporting:

  • Administrative processing time reduced by 40%.
  • Manual data entry reduced by 70%.
  • Reporting preparation time reduced by 50%.
  • Data reconciliation errors minimized through validation controls.

This operational efficiency allows OnCo staff to focus more resources on borrower engagement and technical assistance.

10. Forward-Looking Strategy

Next reporting period priorities include:

  • Expansion into additional rural markets.
  • Increased technical assistance integration.
  • Enhanced impact measurements annually.
  • Continued refinement of risk analytics.

OnCo remains committed to responsible growth, measurable community impact, and disciplined portfolio stewardship.

Conclusion

Through disciplined underwriting, mission alignment, and technology-enabled transparency, OnCo continues to expand access to capital while maintaining strong portfolio performance. Loan Mantra’s secure and scalable infrastructure ensures impact measurement is accurate, defensible, and regulator ready.