Asociación Chajulense de Mujeres (ACMUV)
Kiva conducts regular, ongoing monitoring of all Lending 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.
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 Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | May 27, 2014 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,134,985 | $2,046,857,240 | |
| Amount of raised Inactive loans | $0 | $329,125 | |
| Number of raised Inactive loans | 0 | 224 | |
| Amount of Paying Back Loans | $277,320 | $154,628,025 | |
| Number of Paying Back Loans | 60 | 186,271 | |
| Amount of Ended Loans | $857,665 | $1,851,013,910 | |
| Number of Ended Loans | 238 | 2,491,542 | |
| Delinquency Rate | 0.00% | 12.11% | |
| Amount in Arrears | $0 | $11,277,316 | |
| Outstanding Portfolio | $140,078 | $93,149,537 | |
| Number of Loans Delinquent | 0 | 54,545 | |
| Default Rate | 0.00% | 1.82% | |
| Amount of Ended Loans Defaulted | $0 | $33,742,451 | |
| Number of Ended Loans Defaulted | 0 | 88,997 | |
| Currency Exchange Loss Rate | 0.00% | 0.47% | |
| Amount of Currency Exchange Loss | $299 | $12,725,634 | |
| Refund Rate | 0.43% | 0.53% | |
| Amount of Refunded Loans | $4,875 | $10,938,345 | |
| Number of Refunded Loans | 1 | 9,670 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 100.00% | 78.48% | |
|---|---|---|---|
| Average Loan Size | $634 | $393 | |
| Average Individual Loan Size | $0 | $586 | |
| Average Group Loan Size | $3,812 | $1,910 | |
| Average number of borrowers per group | 6 | 8.3 | |
| Average GDP per capita (PPP) in local country | $5,300 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 11.97% | 7.02% | |
| Average Time to Fund a Loan | 18.07 days | 9.12 days | |
| Average Dollars Raised Per Day Per Loan | $35.10 | $43.09 | |
| Average Loan Term | 12.96 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 1 | 1,221,186 | |
|---|---|---|---|
| Journaling Rate | 0.42% | 41.91% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 24% APR | 31.00% PY | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 13.85% | 4.5% | -1.28% | |
| Average Loan Size (% of per capita income) | N/A | 18.00% | 0.00% |
Country Fast Facts
- Country:
- Guatemala
- Capital:
- Guatemala City
- Official Language:
- Spanish (official) 60%, Amerindian languages 40%
- Population:
- 14,647,083
- Avg Annual Income:
- $5,300
- Labor Force:
- agriculture: 38%, industry: 14%, services: 48%
- Population Below Poverty Line:
- 54.00%
- Literacy Rate:
- 75.90%
- Infant Mortality Rate (per 1000):
- 23.51 deaths
- Life Expectancy:
- 71.74 years