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MICROCREDIT PROGRAM
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Who we are
We are a FUNDAP program that was established in 1988 with the purpose of directing all resources, efforts, and actions to enhance the productive capacity of owners of micro and small businesses in the southwest of the country, through the provision of quality services in credit, training, and advice, as an alternative development for Guatemala, and with the aim of being a self-sustainable program that allows generating wealth for a better quality of life for the users of the microenterprise.
What we do
Our purpose is to provide credit, training, and advice to owners of microenterprises, offering them an opportunity and an alternative for economic and personal growth. To meet diverse financing needs, working capital is provided through 4 lines of credit: Microenterprise, Infrastructure, Agricultural, and Community Banks. Through a team of committed collaborators, microentrepreneurs are supported with working capital. Respect for the beneficiary prevails, who is given a loan to contribute to the growth of the country, not seeking to meet a monetary goal, but one with a social impact.
How we work
Through a work methodology for each line of credit, the process of granting the loans is guided, amounts are defined, interest rate, periodicity of the payments, collection form, and the treatment of beneficiaries, who must receive cordiality from the Foundation, economic tools, and training topics to achieve personal and business development. Through training and advice, it fosters habits among its beneficiaries, including responsibility, punctuality, saving, and community organization.
Where we work
The Program of PROSEM - Microcredit focuses its initiatives in the regions of the central highlands, north and southwest of the country of Guatemala, serving both the urban area as well as rural ones. The territory served covers an area of 34,374 km2, representing 31.57% of the national territory, serving 10 departments of the Republic.
- DEVELOPMENT WITH DIGNITY -
INITIATIVES OF PROSEM - MICROCREDIT
Microenterprise Loans
Infrastructure Loans
Offers accessible and quick loans for men and women who wish to expand their businesses. This program strengthens working capital for the production, marketing and / or rendering of services of microentrepreneurs. It also offers convenient fees and convenient terms.
Credit for men and women who invest in construction, expansion, or remodeling of housing, or for purchase of land. This is the line of credit that presents the greatest demand in terms of the amount of credit.
Agricultural Loans
Village Banking
This financing is directed to men and women, destined to the production, processing, and commercialization of agricultural products, purchase of machinery or equipment. A group of 7 agricultural technicians, through innovative processes, provide advice and assistance for farmers or small farms owners to strengthen their economic activity.
Focused on groups of women with business vision. It aims to stimulate the creation and/or growth of small businesses. They are given theoretical and practical training on current issues and interest of the group, as well as tools to diversify their economic activity.
Results since 2000
937,510 aid provided through the PROSEM - Microcredit Program.
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Results in 2017 Each owner of a small entrepreneur-owned company contributes to the growth of the country.
77,777
people were served through the PROSEM - Microcredit Program in 10 departments of Guatemala, of which 88% are women.
Country growth
Community growth
5,508
people received financial support for microenterprise activities.
Personal and familiar growth
4,876
Business growth
credits were granted for investments in infrastructure projects.
5,075
CHANGES
MICROENTERPRISE Business
INFRASTRUCTURE Construction
AGRICULTURAL
beneficiaries applied their credit to an agricultural or livestock activity.
Agriculture and livestock
VILLAGE BANKING Groups of women
Training
women financed their economic activity through the line of Communal Banks.
151
ACTIONS Credit
62,318
Consulting
Community Banks were opened during the year, making a total of 1,885 groups in force.
7,658 PROSEM - Microcredit 7a. Calle 16-17, Zona 3, Quetzaltenango, Guatemala. PBX: (502) 7794-1800 / E-mail: microcredito@fundap.com.gt
beneficiaries received attention from agricultural technical personnel, through 724 training sessions and 1,449 instances where technical assistance was provided.
379
collaborators comprise the PROSEM - Microcredit Program team.