Last updated June 4, 2012

Partner Description:

ADICLA (Association for the Holistic Development of the Basin of Lake Atitlán) is a nonprofit rural community development association that provides small loans and services to improve quality of life in Sololá and Suchitepequez, two of the poorest regions of Guatemala and home to an indigenous majority. ADICLA was founded in 1993 by community leaders from the municipalities around the northern basin of Lake Atitlán in Sololá, Guatemala.

As a community organization, ADICLA’s staff includes many members of the Lake Atitlán community, and its board is entirely comprised of actual clients. This keeps loan services nimble and responsive to client needs.

ADICLA’s loan program is called the Community Finance Program (PROFINCO is its acronym in Spanish). PROFINCO disburses and collects on small loans through three different lending methodologies: individual loans, solidarity group loans, and loans for larger groups of women. As part of a strategy to offer a diversified range of services, PROFINCO also provides the following services through a partnership with a local bank: check cashing, remittance payments, receipt of bank deposits, and phone and electric bill payments.

ADICLA also seeks to diversify its loan product offerings. With the help of Kiva’s 0% interest capital, it is launching several pilot programs. In particular, Kiva lenders will help fund three lending initiatives:

Loans for youth entrepreneurs: These loans allow young people without prior credit histories to borrow in groups, an opportunity that isn’t offered by many other microfinance institutions. The loans will be used to help them start small businesses.

Green loans: These loans will fund a number of environmentally friendly initiatives, such as the purchase and installation of solar panels, green community tourism projects, and reforestation, among other initiatives.

Down-market loans:These are smaller loans tailored to poorer borrowers. ADICLA plans to focus more on poverty alleviation by expanding a women’s village banking product and tracking borrower poverty indicators.


To be the association that drives the holistic development of the department of Sololá by facilitating economic, social and environmental technical services, and assisting in community organizing processes to strengthen local economies with inclusion and equality, articulated in spaces and through participatory movements in favor of improving the living conditions of the target population and based on ethical principles and values. -- Provided by ADICLA

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 29, 2012 Oct 12, 2005
Total Loans $557,875 $575,063,750
Amount of raised Inactive loans $0 $304,725
Number of raised Inactive loans 0 278
Amount of Paying Back Loans $376,200 $119,196,175
Number of Paying Back Loans 324 125,162
Amount of Ended Loans $181,675 $455,562,850
Number of Ended Loans 204 580,593
Delinquency Rate 0.00% 3.45%
Amount in Arrears $0 $2,701,152
Outstanding Portfolio $313,348 $78,368,672
Number of loanDelinquent 0 11,379
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,937,756
Amount of Ended Loans $181,675 $455,562,850
Number of Ended Loans Defaulted 0 15,266
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.00% 0.78%
Amount of Refunded Loans $0 $4,479,350
Number of Refunded Loans 0 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 39.49% 74.23%
Average Loan Size $587 $419
Average Individual Loan Size $689 $657
Average Group Loan Size $2,944 $1,824
Average number of borrowers per group 5.9 8
Average GDP per capita (PPP) in local country $4,155 $3,440
Average Loan Size / GDP per capita (PPP) 14.12% 12.17%
Average Time to Fund a Loan 5.31 days 5.51 days
Average Dollars Raised Per Day Per Loan $110.40 $75.90
  Average Loan Term 13.42 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 21 286,267
  Journaling Rate 10.11% 42.42%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 31.00% 31.00% 33.54%
  Profitability (return on assets) -1.1% 4.5% -1.15%
  Average Loan Size (% of per capita income) 36.20% 18.00% 41.59%

Country Fast Facts

Field Partner Staff

Juan Dagoberto Chiroy Cuá
Francisco Chiyal
Mario Coz
Juan Carlos Cuxulic
Josué Gonzalez
Julio Eduardo Guarcax Antonio
Gareth Leonard
Mirna Miranda
Jeffrey Nelson
Juan Raul Par Cuc
Ingrid Jeaneth Paz Joj
Allan Sarmiento
Allan Adolfo Tuiz Socop
Diana Ventura