Fundación Para el Desarollo Empresarial y Agricola (FUNDEA) is a foundation by law and based in Guatemala City, Guatemala. FUNDEA has a strong presence in rural areas and its portfolio is a well-balanced mix of agricultural, housing, small- and microenterprise loans and wholesale loans to small cooperatives. Agricultural products that are financed are: vegetables, fruit, coffee, maize and potatoes, meat and dairy products. Triodos Fair Share Fund and Triodos Microfinance Fund have provided a loan to FUNDEA to realise further growth.
KEY INDICATORS Fundea at year-end 2012
- number of loan clients: 33,060
- percentage female clients: 54%
- percentage rural clients: 77%
- average loan amount: EUR 705
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.