Guatemala: Microfinances in the RedA warning has been given that 44% of microfinance clients are overindebted and that a change is required in the regulation in order to reverse the situation.Thursday, August 20, 2015
A study prepared by Grupo Analítica, SA for the Network of Microfinance Institutions of Guatemala (Redimif) said that the main problem behind the high level of indebtedness is the poverty that affects most of the debtors, many of whom live in the poorest departments, such as Totonicapan, Suchitepequez, Quetzaltenango, Zacapa and Sacatepéquez. Source: CentralAmericaData.COM ¿Busca soluciones de inteligencia comercial para su empresa?Guatemala: Bank Sells Microfinance PortfolioApril 2018 Banco de Antigua has announced the acquisition of the microcredit portfolio of the G & T Continental entity, which will continue to focus on consumer and corporate areas. Microfinance Continues to Improve in NicaraguaDecember 2014 So far this year microfinancers have provided loans totaling $197 million, above the $184 million lent at the end of 2013. Lack of Capital in MicrofinancersApril 2012 In Nicaragua, the ‘No Pago’ (Non Payment) movement has generated such distrust in international sources of finance that this year credit lines -which were $80 million-, have barely reached $5 million. Microcredit Grows in GuatemalaApril 2012 Between 2010 and 2011 the microfinance portfolio increased by 23%, going from $84 million to $104 million, averaging $529 per loan.
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