Asociacion Chajulense de Mujeres is a nonprofit organization that works to serve the women of the Ixil and K’iche’ Maya communities in the Quiche region of Guatemala.
Founded in 2008, the co-op commercializes the artisanal knitting products created by the members of the organization, and provides a credit and savings program, life insurance policy and investment opportunities for its members.
A grassroots and participatory lending approach:
Loans issued by Asociacion Chajulense de Mujeres are managed by Chajul’s indigenous women. The association visits faraway rural communities to increase access to credit, and the repayments are done in the communities also. Personnel are also indigenous women which constitute a cultural appropriate program and avoid language barriers.
Each loan will be between $150 and $1,500 USD, for a length of 12 months and a fixed interest rate of 12%. With Kiva’s support, ACM will be able to expand its credit program and help many more women in need. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 27, 2014 Oct 12, 2005
Total Loans $108,675 $721,596,850
Amount of raised Inactive loans $0 $330,500
Number of raised Inactive loans 0 280
Amount of Paying Back Loans $94,425 $134,074,425
Number of Paying Back Loans 24 154,064
Amount of Ended Loans $14,250 $587,191,925
Number of Ended Loans 3 728,056
Delinquency Rate 0.00% 8.68%
Amount in Arrears $0 $7,570,616
Outstanding Portfolio $45,473 $87,191,655
Number of Loans Delinquent 0 29,731
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,842,874
Amount of Ended Loans $14,250 $587,191,925
Number of Ended Loans Defaulted 0 19,786
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $0 $1,945,073
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $0 $4,902,575
Number of Refunded Loans 0 5,417

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.41%
Average Loan Size $479 $416
Average Individual Loan Size $0 $653
Average Group Loan Size $4,025 $1,848
Average number of borrowers per group 8.4 8
Average GDP per capita (PPP) in local country $5,300 $5,937
Average Loan Size / GDP per capita (PPP) 9.03% 7.01%
Average Time to Fund a Loan 17.99 days 6.38 days
Average Dollars Raised Per Day Per Loan $26.61 $65.23
  Average Loan Term 13 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 354,292
  Journaling Rate 12.50% 41.30%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.56

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% APR 31.00% PY 31.80% PY
  Profitability (return on assets) N/A 4.5% -1.92%
  Average Loan Size (% of per capita income) N/A 18.00% 19.51%

Country Fast Facts

Field Partner Staff

Sergio Enriquez