Crediguate is a credit union founded in 2013 by the Association for Rural Development. The headquarters are in Totonicapan, the part of the country with the highest number of indigenous inhabitants and a poverty rate of over 75%. Accordingly, the majority of the almost 4,000 borrowers live in rural and sometimes remote regions, which are reached via ten branches – now also beyond the borders of Totonicapans.
Crediguate is part of Guatemala’s microfinance network, which consists of 16 institutes and aims to establish and improve national standards for products and services, among other things. In addition, the institution takes part in a training project run by the Inter-American Development Bank, which addresses responsible corporate management in the area of “financial inclusion”.