Is the term listed online the exact term for that particular borrower in Guatemala?
Not exactly. These term lengths online represent Pajebal’s term with the cooperatives in order to supply or reintegrate funds for that particular loan (meaning the cooperative could have actually extended the loan before Pajebal supplied the funds, after Pajebal supplied the funds, or on the exact same day. The funds however are always linked however to that specific loan). Online they are adjusted five business days from the actual term in Guatemala. For example, say Pajebal lent the cooperative CODICAP $2,500 on November 20th, 2009, for a term of two years, to support the loan of one Juan Vasquez. CODICAP must pay these funds back by to Pajebal by November 20th, 2011. Thus on the website, we will make those funds available to you five business days after CODICAP has paid them back to Pajebal, which would be November 28th, 2011. You funds will become available for payback on that exact date, no matter when you lent them. For more information, see the section How Pajebal Works.
