Guatemala > FAPE
About the Field Partner
About the Field Partner
| Field Partner: | FAPE |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 187 |
| Total Loans: | $191,125 |
| Delinquency Rate: | 23.02% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Active |
|---|---|
See all fundraising loans from this field partner >>
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Other Information Sources
Other Information Sources
| MIX Profile: | View MIX Profile |
|---|---|
| Network Affiliation: | REDIMIF - Red de Instituciones de Microfinanzas de Guatemala |
| Social Performance Reporting Level: | N/A |
| Consumer Protection Principles: | N/A |
| Field Partner Website: | View Website |
| Email Contact: | None |
Status update on FAPE from Kiva Staff on October 27, 2009: Kiva is aware of the high delinquency rate for FAPE. This has been caused by a reporting error, so the delinquency rate for FAPE is overstated. We are currently working with FAPE staff to resolve the problem. We apologize for the inconvenience.
The Foundation for Assistance for Small Businesses (Spanish Acronym: FAPE) is a private, non-profit, Guatemalan organization whose principle objective is to provide small monetary loans to small business owners. FAPE was founded over 25 years ago with a strong social mission to help improve the lives of Guatemalans living in a state of poverty. We work primarily with women and impoverished communities with little or no access to financial services and traditional credit services. Along with providing low interest loans, we incorporate entrepreneurial trainings and encourage saving in an attempt to drive improvement in both business and home. We also incorporate Christian Biblical principles and values into our training activities.
If you’d like to learn more about FAPE please watch this short video:
English: FAPE Video English
Spanish: FAPE Video Spanish
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Dec 10, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $191,125 | $101,929,710 | |
| Amount of Raised Inactive Loans | $0 | $111,475 | |
| Number Of Raised Inactive Loans | 0 | 164 | |
| Amount of Paying Back Loans | $107,325 | $44,703,125 | |
| Number Of Paying Back Loans | 105 | 63,327 | |
| Amount of Ended Loans | $83,800 | $57,115,110 | |
| Number Of Ended Loans | 82 | 83,635 | |
| Delinquency Rate | 23.02% | 4.28% | |
| Amount of Paying Back Loans Delinquent | $24,708 | $1,913,000 | |
| Amount of Paying Back Loans | $107,325 | $44,703,125 | |
| Number of Paying Back Loans Delinquent | 39 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $83,800 | $57,115,110 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.00% | 1.09% | |
| Amount of Refunded Loans | $0 | $1,112,375 | |
| Number Of Refunded Loans | 0 | 1,446 | |
| Updated as of November 21, 2009 1:28 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 88.89% | 78.21% | |
|---|---|---|---|
| Average Loan Size | $1,022 | $403 | |
| Average Individual Loan Size | $1,022 | $591 | |
| Average Group Loan Size | $0 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 0 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $4,155 | $3,464 | |
| Average Loan Size / GDP Per Capita (PPP) | 24.60% | 11.65% | |
| Average Time To Fund A Loan | 1.35 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $757.08 | $177.73 | |
| Average Loan Term | 11.05 months | 9.31 months | |
| Updated as of November 21, 2009 1:28 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 77 | 51642 | |
|---|---|---|---|
| Journal Coverage | 37.43% | 28.22% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.44 | 0.32 | |
| Average Number Of Recommendations Per Journal | 29.03 | 10.30 | |
| Updated as of November 21, 2009 1:28 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 54% | 46% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 8% | 9% | 23.43% | |
| Average Partner Return On Assets | 3% | 7% | 0.24% |
Field Partner Staff
Gloria Leonor Corona CuxilMarco Antonio Hernandez
Jose Luis Hernandez Alvarado
Mabilia Carolina Joj Ojer
Jeremy Lapedis
Manuel Garcia Marroquin
Bani Polanco
Country Fast Facts
Country Fast Facts
| Country: Guatemala |
| Capital: Guatemala City |
| Official Language: Spanish |
| Population: 12,800,000 |
| Avg Annual Income: $4,155 |
| Labor Force: agriculture: 50% industry: 15% services: 35% |
| Population Below Poverty Line: 56.2% |
| Literacy Rate: 70.6% |
| Infant Mortality Rate (per 1000): 29.77 deaths |
| Life Expectancy: 69 years |
| Currency: Guatemala Quetzales |
| Exchange Rate: 8.2800 GTQ = 1 USD |
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