{"id":18079,"date":"2026-03-02T18:47:30","date_gmt":"2026-03-02T18:47:30","guid":{"rendered":"https:\/\/latimpacto.org\/?p=18079"},"modified":"2026-03-03T14:41:28","modified_gmt":"2026-03-03T14:41:28","slug":"capital-catalitico-como-arquitectura-de-mercado","status":"publish","type":"post","link":"https:\/\/latimpacto.org\/en\/capital-catalitico-como-arquitectura-de-mercado\/","title":{"rendered":"Catalytic capital as market architecture"},"content":{"rendered":"<div class=\"wp-block-media-text is-stacked-on-mobile\" style=\"grid-template-columns:29% auto\"><figure class=\"wp-block-media-text__media\"><img fetchpriority=\"high\" decoding=\"async\" width=\"787\" height=\"1024\" src=\"https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m.png\" alt=\"\" class=\"wp-image-18080 size-full\" srcset=\"https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m.png 790w, https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m-230x300.png 230w, https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m-784x1024.png 784w, https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m-768x1003.png 768w, https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m-9x12.png 9w, https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/Captura-de-Pantalla-2026-03-02-a-las-1.51.30-p.-m-498x650.png 498w\" sizes=\"(max-width: 787px) 100vw, 787px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h4 class=\"wp-block-heading\">Catalytic capital as market architecture: Argidius and Alterna\u2019s impact investment ecosystem in Guatemala<\/h4>\n\n\n\n<p>In Central America, as well as in many other developing regions, SMEs currently face a critical financial gap known as the \"missing middle\". This means that they are, at once, too large for microfinance, and too small or too risky for the traditional financial system and risk capital funds.<\/p>\n\n\n\n<p>This case study examines how the Argidius Foundation, through a long-term collaboration with impact promoter Alterna, used catalytic capital not only to finance enterprises, but also to patiently structure a full-fledged investment ecosystem in Guatemala by creating a \u201ccapital ladder\u201d, through which companies are promoted all the way from their early-stage needs to capital investment for scaling up. Although initially tested in Guatemala, Alterna\u2019s model has since been successfully expanded to five countries across Central America in less than three years.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/latimpacto.org\/wp-content\/uploads\/2026\/03\/ENG_argidius.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a1<strong>D<\/strong>Download the document here!<\/a><\/div>\n<\/div>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":18046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-18079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publicaciones"],"acf":[],"_links":{"self":[{"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/posts\/18079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/comments?post=18079"}],"version-history":[{"count":4,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/posts\/18079\/revisions"}],"predecessor-version":[{"id":18092,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/posts\/18079\/revisions\/18092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/media\/18046"}],"wp:attachment":[{"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/media?parent=18079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/categories?post=18079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latimpacto.org\/en\/wp-json\/wp\/v2\/tags?post=18079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}