EVENTS

Media Elements

Guatemala

Guatemala MFI Live Tweets:

Please wait updating feed...

Close Map

 

 

News Archive: Read the Latest Articles

Read up-to-date news stories and articles about VisionFund's microfinance efforts around the world.

Visit the News Archive

Guatemala

SOCIAL IMPACT THROUGH QUALITY SERVICES

GUATEMALAN PEOPLE HAVE PROVEN THAT WITH HARD WORK, DEDICATION AND A LITTLE HELP, THEY CAN PULL THEMSELVES AND THEIR FAMILIES OUT OF POVERTY. BUT MORE THAN 50% OF GUATEMALA’S POPULATION STILL LIVE BELOW THE POVERTY LINE AND THE NEED FOR ASSISTANCE IS IMMENSELY GREAT. OUR MICROFINANCE SERVICES HAVE PROVEN TO BE THE KIND OF SUPPORT AND OPPORTUNITY THAT PEOPLE NEED TO IMPROVE THE LIVES OF THEIR FAMIIES, CHILDREN AND COMMUNITIES.

For more than 17 years our microfinance institution has been a source of economic development to families across Guatemala. We provide both loans and training to our clients, which have enabled individuals in Chimaltenango, Sacatepequez, Chiquimula and San Marcos to start their own businesses, provide for their families and impact their communities. We currently have around 5,000 clients. We have created over 10,000 job opportunities and more than 22,000 children's lives have been impacted for the better. 

The need in Guatemala has never been greater and we are dedicated to improving as many lives as we can. In the coming years, our focus is to expand our services and increase the quality of our current services.

 

Working in Guatemala

In Latin America, Guatemala ranks the 2nd highest country for extreme child poverty at 47%. This equates to three million children. Guatemala also ranks as the highest of Latin American countries for chronic malnutrition at nearly 55%.

In Guatemala children suffer great cruelty and hardship. Many are pulled out of school by their parents at an early age to beg for money or work. Most families can't afford for their children not to work because 57% of the population have an income of less than $2 per day, and nearly 27% of the population are considered to live in ‘extreme poverty’ with less than $1per day.

For many years, civil war inhibited trade and foreign investment, but with the 1996 peace accords, the gateway to foreign investment and trade were opened. This has created many opportunities for the people of Guatemala. But without training and loans these dreams become unrealised and the lives of children and families continue to spiral downward.

 

 

Awards and Ratings

  • Four Diamond Certificate of Transparency from MIX Market in 2010
  • Four Diamond Certificate of Transparency from MIX Market in 2009
  • Certificate of Recognition Silver Recognition from MIX Market in 2010

Future Innovation

We currently have three main programmes to serve our clients; individual loans, solidarity groups and community banks. Over the coming years we want to continue to strengthen and improve these programmes while adding new programmes to reach new and additional clients. 

The new programmes we will be providing are: solidarity groups for entrepreneurial women, housing programmes, communal services and home improvement loans. These initiatives will help us achieve our financial and economical goals for 2013.

 

Client Success Story

Don Javier Sipac lives in the village Xepatan. He decided to open a basic grocery shop in 1995. This business flourished and in 2005 he decided to expand his shop to include a bakery. After 14 loans ranging from US$650 to US$6,250, he now distributes to eight communities and employs multiple bakers and two delivery men. 

His business supports his wife and three children and people in his community.

 

Management Details

MFI Structure

Marco Alvarado

Our CEO, Carlos Pineda, joined in April 2012 with over 30 years experience in banking and finance. He was previously the Regional Director of Microfinance in the fourth largest bank in Guatemala and has extensive experience in this area. Carlos studied business management and agricultural studies while at university.

Our microfinance institution has a board of directors and management team that oversees the work of the MFI.

 

Contact the MFI