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 $239,650 $963,206,100
Amount of raised Inactive loans $0 $484,950
Number of raised Inactive loans 0 243
Amount of Paying Back Loans $68,750 $145,688,425
Number of Paying Back Loans 18 181,244
Amount of Ended Loans $170,900 $817,032,725
Number of Ended Loans 44 1,025,800
Delinquency Rate 0.00% 8.00%
Amount in Arrears $0 $7,668,511
Outstanding Portfolio $36,789 $95,812,281
Number of Loans Delinquent 0 19,432
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,451,320
Number of Ended Loans Defaulted 0 32,892
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 2.03% 0.62%
Amount of Refunded Loans $4,875 $5,946,325
Number of Refunded Loans 1 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 75.33%
Average Loan Size $496 $399
Average Individual Loan Size $0 $631
Average Group Loan Size $3,881 $1,760
Average number of borrowers per group 7.8 7.7
Average GDP per capita (PPP) in local country $5,300 $5,880
Average Loan Size / GDP per capita (PPP) 9.36% 6.79%
Average Time to Fund a Loan 17.84 days 6.92 days
Average Dollars Raised Per Day Per Loan $27.80 $57.70
  Average Loan Term 12.97 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 501,921
  Journaling Rate 2.27% 41.45%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% APR 31.00% PY 26.14% PY
  Profitability (return on assets) 6.6% 4.5% -1.25%
  Average Loan Size (% of per capita income) N/A 18.00% 16.85%

Country Fast Facts

Field Partner Staff

Sergio Enriquez