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 - June 11, 2018 On June 3rd, Volcan Fuego in Guatemala erupted sending pyroclastic flows down its south-eastern slopes which engulfed several villages such as San Miguel de Los Lotes and El Rodeo. More than 100 people have lost their lives and more than 200 are still missing as search & rescue efforts are on-going amidst renewed volcanic activity emanating from Fuego. 4,000 people have also been evacuated. We have contacted our partners in Guatemala and both field staff and their families are safe. Our partners are in the process of contacting their clients to"ascertain the gravity of the situation"and initiate"disaster relief activities."We will be in touch with our partners to assess how best we can help their borrowers recover in the event some of them have been affected. Partner description:" 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 $722,685 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $118,585 $163,202,810
Number of Paying Back Loans 34 193,982
Amount of Ended Loans $604,100 $1,591,353,280
Number of Ended Loans 163 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio $65,472 $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 0.00% 1.70%
Amount of Ended Loans Defaulted $0 $26,998,026
Number of Ended Loans Defaulted 0 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $14 $9,202,644
Refund Rate 0.67% 0.57%
Amount of Refunded Loans $4,875 $9,961,195
Number of Refunded Loans 1 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.81%
Average Loan Size $559 $389
Average Individual Loan Size $0 $594
Average Group Loan Size $3,675 $1,839
Average number of borrowers per group 6.6 8.2
Average GDP per capita (PPP) in local country $5,300 $5,628
Average Loan Size / GDP per capita (PPP) 10.55% 6.90%
Average Time to Fund a Loan 12.97 days 8.44 days
Average Dollars Raised Per Day Per Loan $43.13 $46.05
  Average Loan Term 12.96 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 1,071,973
  Journaling Rate 0.61% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 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 24% APR 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

Sergio Enriquez