Help fund loans for poor women in rural areas of El Salvador, Guatemala, Honduras, Nicaragua and Mexico enabling them to launch small businesses, create financial security and strengthen communities.
What is the issue, problem, or challenge?
This project provides loans to women, most of whom come from very poor, indigenous populations. With these investments, they are able to launch small businesses in areas such as baking, sewing, artisan crafts, agriculture, and raising livestock. Women also learn management skills so their businesses prosper. Loans received through Women's Community Banks allow women to build savings and support their families, including the opportunity to share in land ownership.
How will this project solve this problem?
This project provides loans of approximately $120 each and training to help women, most of whom are poor and indigenous, start and successfully manage businesses. To date, loan programs have repayment rates of 92% with zero in arrears.
Potential Long Term Impact
This project addresses the needs of women and their families by creating a positive cycle of change. Women gain business expertise and the ability to generate income, leading to financial security and an improved quality of life.
Total Funding Received to Date: $51,305
This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.
Donors' contributions and pledges to this project totaled $51,305 . The original project funding goal was $50,000.