Fundación de Desarrollo de Mixco

Mission:

Promover el desarrollo de la persona con proyectos económicos sociales para microempresa de manufactura, servicios, artesanías, comercio y mejoramiento de vivienda.

Background and Main Challenges:

1,987-1,990 se identificaron talleres de manufactura y servicios para atender a los propietarios con Capacitación y Asesoria empresarial, de 1990-a la fecha la Competencia de los Bancos y casas Comerciales que les facilitan el crédito, dobreendeudàndolos sin Capacitación.

Address:

Diagonal "A" 2-49, Colonia Lomas de Portugal, Zona 1 de Mixco

Guatemala City

Guatemala

Phone:

(502) 2438-7924

Fax:

(502) 2438-8002/ 2438 7924

Email:

fundemix [at] yahoo [dot] com

Website:

www.fundemix.org.gt

Main Funding Sources:

Grants

Loans

Products and Services:

Loans

Services Provided:

Business Development Services

Date established:

Jun 2 1987

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Microempresas familiares	1
Women	1
Clients living in urban areas	1
Adolescents and youth (below 18)	2
Clients living in rural areas	2
+ Development goals (ranked by importance)
Improvement of adult education	1
Increased access to financial services	1
Mejoramiento de vivienda	1
Growth of existing businesses	1
Employment generation	1
Poverty reduction	1
Health improvement	2
Gender equality and women's empowerment	3
Housing	4
Youth opportunities	5
Children's schooling	5
Development of start-up enterprises	6
Water and sanitation	6
+ Poverty targets
No specific poverty target
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Mejoramiento de vivienda
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Asesoría administrativa y apoyo con la elaboración de proyectos de inversión
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
Seguro por traslado de fondos
+ Basis of staff incentives related to social performance
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
ASINDES	Network Affiliation
CREDIREF	Vendor
REDIMIF	Network Affiliation

MFI Report