Catarina is proud to report that, as a result of taking out her Village Bank loan, she and her husband have increased their production two-fold, making it possible for them to continue to work to expand their weaving business.
Guatemala is the most populous country in Latin America and also one of the poorest. More than half of the population lives below the poverty line, and 13 percent live in extreme poverty. The country has one of the highest malnutrition rates in the world; over 60 percent children are chronically malnourished.
Since 1989, FINCA Guatemala has provided working capital to Guatemala’s lowest-income families. It has traditionally targeted women clients, knowing that raising their incomes is a proven strategy for improving their children’s nutrition. Today, FINCA Guatemala operates 12 branches in urban and rural areas throughout the country, offering Village Banking, individual and local currency loans, micro-insurance and money transfers services.
LIVING BELOW POVERTY LEVEL
AVERAGE ANNUAL INCOME
FINANCIALLY EXCLUDED 2
3ave. 10-35, Zona 09
1Information is updated on an annual basis.
2Population lacking account at formal financial institution.