MUDE - Associación de Mujeres En Desarrollo Villa Nueva, Guatemala mude@concyt.gob.gt # of clients: 3,675 % of women: 87% Outstanding Loans: US$ 981,957 Staff: 22 Founded: 1991 Director: Catarina Mendoza Silvestre Microcredit Programs: The organization of women's groups is central to MUDE's working strategy. Most initial loans are made through community banks consisting of 20-30 women who have at least one year's experience in running a business. By joining a community bank, a woman agrees to participate in business training provided by MUDE, to make regular loan payments, and to set aside a portion of her earnings as savings. Each borrower receives a loan of about $125 in the beginning. Once the first loans are repaid (usually about four to six months), borrowers are eligible for larger loans to foster more business growth. More recently MUDE has added solidarity group and individual lending to their methodologies. << Back to map