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. 

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FAPE, the Foundation for the Assistance of Small Businesses, is a nonprofit, socially-minded institution founded on November 29, 1984. The microcredit arm of FAPE was established on March 6, 1986 to achieve FAPE´s principle objective of providing small monetary loans to micro-entrepreneurs around Guatemala. FAPE has one central office in Guatemala City and serves over 3,300 clients.

FAPE´s vision is to be a leader in the Guatemalan microfinance sector while maintaining its core principles and values – providing attention to the entrepreneurs it serves through credit, technical assistance, business training and auxiliary services to improve its clients’ lives. Through its work and by the hand of God, FAPE hopes to see communities positively impacted and poverty alleviated in the areas it serves.

Mission

To stimulate the development of micro-entrepreneurs, small business owners and their communities through financial services, training, and Christian orientation – all provided with personalized attention.

Services

FAPE offers credit and financial services principally to women and to individuals below the poverty line, especially those who work in the agriculture, manufacturing, commerce and service industries. It also offers technical assistance and training in business management as a way of supporting the holistic development of the small business entrepreneur in Guatemala. FAPE also offers free medical services to its clients as well as insurance plans that cover debt balances, hospitalization costs and funerary services.

FAPE offers three principal loan products: Individual Loans, Solidarity Groups, and Village Banks, of which village banking is FAPE´s primary loan product, which serves the vast majority of its clients. FAPE operates in 26 towns in three departments around Guatemala City (Villa Nueva, Sacatepéquez, and Chimaltenango).

If you’d like to learn more about FAPE please watch this short video:

English



Spanish




Status Update - January 14, 2010

Kiva became aware of FAPE’s high delinquency rate on Kiva a few months ago, when FAPE’s spike in delinquency was due to some problems FAPE had reporting repayments to Kiva. However, after those problems were resolved, FAPE’s delinquency rate on Kiva remained high due to the difficulty some Kiva entrepreneurs have experienced in repaying their loans as a result of the global economic crisis. 

However, Kiva does not consider most of these loans to be “at risk” because, though they are delinquent, most are delinquent by less than 30 days. Typically, in microfinance, loans are only considered “at risk” if delinquent for more than 30 days.

Status Update - October 27, 2009

Kiva is aware of the high delinquency rate for FAPE. This has been caused by a reporting error, so the delinquency rate for FAPE is overstated. We are currently working with FAPE staff to resolve the problem. We apologize for the inconvenience.

 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 10, 2007 Oct 12, 2005
Total Loans $3,941,325 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $400,975 $147,970,550
Number of Paying Back Loans 392 195,474
Amount of Ended Loans $3,540,350 $1,182,285,025
Number of Ended Loans 4,055 1,522,055
Delinquency Rate 14.69% 10.42%
Amount in Arrears $32,719 $9,802,012
Outstanding Portfolio $150,947 $94,101,479
Number of Loans Delinquent 134 55,529
Default Rate 1.09% 1.74%
Amount of Ended Loans Defaulted $38,607 $20,609,355
Number of Ended Loans Defaulted 153 50,258
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,175,709
Refund Rate 1.57% 0.59%
Amount of Refunded Loans $61,800 $7,878,725
Number of Refunded Loans 50 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.58% 76.40%
Average Loan Size $427 $394
Average Individual Loan Size $866 $609
Average Group Loan Size $897 $1,761
Average number of borrowers per group 2.4 7.7
Average GDP per capita (PPP) in local country $5,300 $5,776
Average Loan Size / GDP per capita (PPP) 8.06% 6.82%
Average Time to Fund a Loan 7.48 days 7.13 days
Average Dollars Raised Per Day Per Loan $57.07 $55.26
  Average Loan Term 9.01 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,257 789,496
  Journaling Rate 85.25% 43.17%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.73 0.81

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 49% PY 31.00% PY 25.36% PY
  Profitability (return on assets) 1.08% 4.5% -1.96%
  Average Loan Size (% of per capita income) 7.50% 18.00% 12.88%

Country Fast Facts

Field Partner Staff

Luis Gilberto Canton Merida
Rosaura Castillo Rodas
Gloria Corona
Gloria Corona
Gloria Leonor Corona Cuxil
Rebeca Garcia
Manuel Guillermo Garcia Marroquin
Ángel Augusto Gaytán S.
Marco Antonio Hernandez
Roel Alfonso Hernández Bail
Mabilia Joj Ojer
Mabilia Carolina Joj Ojer
Manuel Garcia Marroquin
Bani Polanco
Bani Polanco
Jhony Estuardo Ramirez Subuyuj
Marìa Catalina Rivera Zùñiga
Ceili Salvatierra Hernandez
Jessica Valladares