Fundación Génesis Empresarial
Guatemala – Expanding access to financing in underserved communities
LCY trade loan facility towards financial inclusion of local MSMEs, of which 72% are owned by women
The Client
- Fundación Génesis Empresarial (Genesis) is Guatemala’s largest microfinance institution that provides working capital and financial solutions to promote growth in underserved communities in Guatemala
- Mission driven institution focuses on rural development and supports people with access to inclusive financial products with the objective to improve living conditions
- Genesis loan portfolio is worth, as of Dec-2022, US$ 362MM with 200k+ active borrowers
The Transaction
- Local Currency short term facility
- Use of proceeds: support business activities related to working capital for MSMEs
The Impact
Economic inclusion:
- 3,656 Guatemalan MSMES, of which 72% (2,632) are women-owned enterprises
- Average loan size: US$ 1,231