Kiva conducts regular," ongoing monitoring "of all Field Partners, but only posts status updates here"in response to relevant,"major changes at the"partner. Status update ? February 3, 2017 Kiva and Asociaci"n ASDIR have agreed to end their partnership"after 8+ years and more than $2.8 million in loans raised. This Field Partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders."We thank"Asociaci"n ASDIR"for the years of collaboration and wish them success in their future endeavors. " Partner description: Asociacion de Desarrollo Integral Rural (ASDIR, or the Association for the Development of Rural Communities) is a community-based organization that works to promote development in rural Guatemala. Founded in 1999 by local men and women, ASDIR offers group loans and has grown to include eight offices across six Guatemalan Departments, serving about 10,000 clients. ASDIR?s goal is to be a profitable and socially responsible, regulated microfinance institution with nationwide coverage, specializing in the support of rural economies through financial products that exceed the expectations and needs of their clients. The organization offers loans for businesses of all sizes, social interest housing for low-income clients, agriculture, groups of women through community banks, consumer goods (furniture, appliances, vehicles, education), home construction and improvement, land purchases, and technology purchases (computers, office equipment)." In addition to loans, ASDIR also offers insurance, remittance processing, and utility payment services to make financial transactions safer and easier for its clients. ASDIR is always creating new financial products to better serve rural communities. The newest addition is the ?Community Banks? loan tailored to groups of low-income women in rural areas. For most group members, this is their first experience taking out credit. To promote community development alongside economic security, ASDIR offers affordable typing and computer courses. It also runs a youth-entrepreneurship program to instill young people with financial knowledge and skills. This program was instrumental in installing school crossing signs and trash cans to keep students safe and facilities clean. ASDIR?s staff is made up of dedicated locals who speak both Spanish and K?iche, the first and sometimes only language used by rural borrowers. By employing locals, the organization strives to maintain an atmosphere of acceptance and warmth to make clients comfortable. " ---- Espa"ol ASDIR (Asociaci"n de Desarrollo Integral Rural) es una organizaci"n comunitaria que promueve el desarrollo en las aldeas y comunidades en las que da servicio. Fue "fundada en 1999 en la Aldea Nimasac, Departamento de Totonicap"n por un grupo de hombres y mujeres para apoyar proyectos comunitarios y prestamos grupales. "Hoy ASDIR tiene 8 puntos de servicios en 6 departamentos (Totonicap"n, Solol", Suchitep"quez, Quiche, Huehuetenango y San Marcos) y cuenta con m"s de 9728 asociados, la mayor"a en comunidades rurales. Misi"n Somos una entidad de desarrollo incluyente, que facilita el acceso a productos financieros y de fortalecimiento empresarial, especialmente a poblaci"n rural pobre, contribuyendo a mejorar la calidad de vida. Visi"n" """"""" Ser una entidad microfinanciera regulada, rentable y socialmente responsable, con cobertura nacional; especializada en apoyar el crecimiento de la econom"a rural, a trav"s de productos financieros que excedan la expectativas y necesidades de nuestros clientes. Valores Responsabilidad Transparencia Solidaridad Confianza Honradez Igualdad Respeto Lealtad Pr"stamos: Microempresa" Peque"a y Mediana Empresa Empresa grande Vivienda de inter"s social Agricultura Bancos Comunales (grupos de mujeres de bajos recursos en "reas rurales) Consumo (muebles, electrodom"sticos, educaci"n y veh"culos) Construcci"n y remodelaci"n de vivienda Compra de terreno Grupos Solidarios (grupos de 2 a 7 personas con negocios establecidos) Tecnolog"a (computadoras y equipo de oficina) " ASDIR tambi"n ofrece otros servicios: Seguros" Pago de remesas Pago de servicios (luz y tel"fono) ASDIR busca y prueba nuevos productos para servir a la comunidad. El producto m"s nuevo son los Bancos Comunales, que es un pr"stamo grupal enfocado en mujeres de bajos ingresos en "reas rurales. La mayor"a de las asociadas en la fase piloto estaba recibiendo su primer cr"dito. ASDIR tambi"n cuenta con acuerdos con negocios y fabricantes locales para financiar computadoras y equipos comerciales. Por el lado del desarrollo comunitario, ASDIR ofrece clases de mecanograf"a y computaci"n a bajo costo y tambi"n ha participado en las comunidades instalando se"ales para cruces peatonales en "reas escolares para mejorar la seguridad de los estudiantes y mediante el programa de j"venes emprendedores instalaron varios botes de basura p"blicos. La junta directiva es un grupo activo que tiene varias comisiones que se re"nen frecuentemente, y visitan las sucursales. Adem"s esta junta cuenta con varios miembros fundadores de la instituci"n que se encargan de mantener a la instituci"n en la direcci"n correcta. El personal de ASDIR es un grupo dedicado de miembros de la comunidad, hablan K?iche y Espa"ol y esto les permite crear una atm"sfera amigable para los asociados y futuros clientes. Aunque el idioma oficial de Guatemala es el espa"ol, en algunos casos los y futuros asociados solo hablan K?iche.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 30, 2008 Oct 12, 2005
Total Loans $2,805,950 $1,757,533,675
Amount of raised Inactive loans $0 $410,075
Number of raised Inactive loans 0 127
Amount of Paying Back Loans $0 $162,674,770
Number of Paying Back Loans 0 193,415
Amount of Ended Loans $2,805,950 $1,591,206,805
Number of Ended Loans 2,059 2,108,666
Delinquency Rate 0.00% 15.49%
Amount in Arrears $0 $15,648,604
Outstanding Portfolio $0 $100,997,617
Number of Loans Delinquent 0 72,472
Default Rate 3.51% 1.69%
Amount of Ended Loans Defaulted $98,441 $26,936,085
Number of Ended Loans Defaulted 212 70,084
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $9,201,759
Refund Rate 0.97% 0.57%
Amount of Refunded Loans $27,350 $9,961,195
Number of Refunded Loans 13 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 73.48% 77.81%
Average Loan Size $327 $388
Average Individual Loan Size $656 $594
Average Group Loan Size $2,347 $1,839
Average number of borrowers per group 8.6 8.2
Average GDP per capita (PPP) in local country $5,300 $5,629
Average Loan Size / GDP per capita (PPP) 6.17% 6.90%
Average Time to Fund a Loan 4.12 days 8.43 days
Average Dollars Raised Per Day Per Loan $79.45 $46.05
  Average Loan Term 11.54 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 377 1,071,663
  Journaling Rate 17.14% 42.48%
  Average Number of Comments Per Journal 0.06 0.03
  Average Number of Recommendations Per Journal 1.89 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 35% PY 31.00% PY 26.11% PY
  Profitability (return on assets) N/A 4.5% 0.00%
  Average Loan Size (% of per capita income) N/A 18.00% 0.00%

Country Fast Facts

Field Partner Staff

Lori Gibson Banducci