A note on this page's publication dateThe last time we examined CDRO was in June 2010. In our latest open-ended review of charities, we determined that it was unlikely to meet our criteria based on our past examination of it, so we did not revisit it. We invite all charities that feel they meet our criteria to complete a charity submission form. The content we created in 2010 appears below. This content is likely to be no longer fully accurate, both with respect to what it says about Chamroeun and with respect to what it implies about our own views and positions. With that said, we do feel that the takeaways from this examination are sufficient not to prioritize re-opening our investigation of this organization at this time.
Published: June 2010CDRO is a microfinance institution in Guatemala. CDRO offers loans; it does not offer voluntary saving services (i.e. savings not tied to borrowing).1 We considered CDRO in June 2010 as part of our research on microfinance institutions. For details on how we evaluate a microfinance institution, see our questions for microfinance charities. We reviewed CDRO's Mix Market profile and CDRO's Social Performance Standards report for 2008, and communicated with Mirna Chaclán, CDRO's Marketing and Social Performance director by email. We decided not to move forward with looking into CDRO because the language barrier prevented us from speaking in detail.
- 1. Number of active borrowers (2008): 2,220 Number of depositors (2009): 144 Number of compulsory depositors: 144 Mix Market, "CDRO: Data, Products and Clients."