Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does Pajebal lend directly to the entrepreneurs and micro & small businesses?

April 26, 2017businesses directly entrepreneurs lend Micro pajebal small

0

Posted

Does Pajebal lend directly to the entrepreneurs and micro & small businesses?

1 Answer

0

Posted

No. Pajebal partners with three nationally registered Guatemalan savings and loan cooperatives: La Cooperativa Integral de Ahorro y Crédito Pajebal, (CODICAP), R. L., La Cooperativa de Ahorro y Crédito San Miguel Chuimequená (COSAMI), R. L., and Xe-Ixtamayac, R. L. The cooperatives then, in conjunction with Pajebal, analyze their loan solicitations, and Pajebal then funds the cooperatives for specific loans that are most in accordance with Pajebal’s development vision. Pajebal then posts videos of these entrepreneurs and small businesses on the Pajebal website. Thus, Pajebal funds are legally lent to the cooperatives in general, however the funds are directly channeled to specific business borrowers that Pajebal has approved.