®
Microcredit Program
®
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 A través de una metodología de trabajo para cada línea de crédito, se guía el proceso de otorgamiento de los créditos, se definen montos, tasa de interés, periodicidad de los pagos, forma de cobranza y manera de trato hacia los beneficiarios, quienes deben recibir de la Fundación cordialidad, herramientas económicas y temas de formación para lograr su desarrollo personal y empresarial. A través de capacitaciones y asesorías, fomenta hábitos en sus beneficiarios, entre ellos la responsabilidad, la puntualidad, el ahorro y la organización comunitaria.
Where we work The Microcredit Program 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 29,989 km2, representing 27.53% of the national territory.
Development with dignity —
Microcredit initiatives
Microenterprise Loans This program offers economic support for production activities, commercialization, and services of the formal and informal sector, as well as working capital and fixed investment or fixed assets such as: A) Purchase of raw materials; B) Marketing of finished products; C) Repair, modification and / or expansion of shops and commercial premises; D) Acquisition of fixed assets (with the exception of real estate).
Agricultural Loans These economic supports are aimed at individual people dedicated to the production, processing, and marketing of agricultural products and related productive infrastructure. There are possible uses of credit, such as working capital, fixed assets, and the following activities: agricultural, livestock, storage, transformation, commercialization, productive infrastructure, and/or mixed.
Infrastructure Loans This line offers financial support for the improvement of family housing, both in urban and rural areas. Among the different uses of the credit that are offered, we find options such as the construction, remodeling, expansion, and finishing of homes, as well as the purchase of land.
Village Banking This initiative offers financial support for women associated with groups without legal status. A) For productive, commercial, and/or service activities; b) Business training and human development, through training modules adapted to needs. The promotion of a managerial culture, the use of local resources and the constant improvement of groups in their living standards and productivity is promoted.
®
Each owner of a small entrepreneur-owned company contributes to the growth of the country.
Country growth
Community growth
Personal and familiar growth
Business growth
CHANGES MICROENTERPRISE Business
INFRAESTRUCTURE
AGRICULTURAL
Construction
Agriculture and livestock
VILLAGE BANKING Groups of women
ACTIONS Credit
Training
Consulting
Results in 2020
61,123
people were served through the Microcredit Program in 9 departments of Guatemala, of which 94% are women.
55,469
women financed their economic activity through the line of Village Banking.
2,343
beneficiaries applied their credit to an agricultural or livestock activity.
1,241 2,070 1,759 350
Results since 2000
+1 Millon
PROSEM - Microcredit 7a. Calle 16-17, Zona 3, Quetzaltenango, Guatemala. PBX: (502) 7794-1800 / E-mail: microcredito@fundap.com.gt
people received financial support for microenterprise activities.
credits were granted for investments in infrastructure projects.
Communal Banks remained active, supporting our micro entrepreneurs. collaborators comprise the Microcredit Program team.
aid provided through the PROSEM Microcredit Program.