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 $97,875 $710,270,325
Amount of raised Inactive loans $0 $525,625
Number of raised Inactive loans 0 343
Amount of Paying Back Loans $83,625 $132,733,275
Number of Paying Back Loans 20 151,339
Amount of Ended Loans $14,250 $577,011,425
Number of Ended Loans 3 716,420
Delinquency Rate 0.00% 6.84%
Amount in Arrears $0 $5,926,950
Outstanding Portfolio $43,390 $86,596,699
Number of Loans Delinquent 0 19,341
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,485,241
Amount of Ended Loans $14,250 $577,011,425
Number of Ended Loans Defaulted 0 19,256
Currency Exchange Loss Rate 0.00% 0.25%
Amount of Currency Exchange Loss $0 $1,755,454
Refund Rate 0.00% 0.68%
Amount of Refunded Loans $0 $4,859,375
Number of Refunded Loans 0 5,363

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.33%
Average Loan Size $497 $417
Average Individual Loan Size $0 $654
Average Group Loan Size $4,255 $1,845
Average number of borrowers per group 8.6 8
Average GDP per capita (PPP) in local country $5,300 $5,942
Average Loan Size / GDP per capita (PPP) 9.37% 7.01%
Average Time to Fund a Loan 18.29 days 6.29 days
Average Dollars Raised Per Day Per Loan $27.16 $66.21
  Average Loan Term 13 months 10.74 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 349,921
  Journaling Rate 33.33% 41.47%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.58

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 32.03% PY
  Profitability (return on assets) N/A 4.5% -1.92%
  Average Loan Size (% of per capita income) N/A 18.00% 19.63%

Country Fast Facts

Field Partner Staff

Sergio Enriquez