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Economic Independence for Women in Central America

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Summary

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. project reportread updates from the field

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Received $25,218 from 492 donations from people like:

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More Information About this Project

Project Needs and Beneficiaries

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.

Activities

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.

Funding Information

Total Funding Received to Date: $25,218
Remaining Goal to be Funded: $24,782
Total Funding Goal: $50,000

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Why this Project is Important

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.

Project Message

I feel very proud. More than anything I want to help my people, and I am happy to be a part of a program that supports our initiatives.
- Maria, Entrepreneur, San Miguel, Mexico

Who is Running This Project

Contact

Shannon Gallagher
Annual Campaign Manager
2225 4th Avenue
Second Floor
Seattle, WA 98121
United States
206-528-1066
Email:

Project Sponsor

Agros International

Organization

Agros International Logo

Agros International
2225 4th Avenue Suite 200
Seattle, Washington 98121
United States
206-528-1066
http://www.agros.org

Learn more about Agros International and the project team.

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Where this Project is Located

Country

This project is located in NicaraguaNicaragua and can also be found under Economic DevelopmentEconomic Development.

For more information about Nicaragua, read the Human Development Report on Nicaragua or the Wikipedia entry for Nicaragua.

When this Project was Updated

Last Updated

This project was last updated on February 2, 2010.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on September 29, 2009

Latest Update from the Field

Project Update: Economic Independence for Women in Central America

By Shannon Gallagher - Project Update: Economic Independence for Women in, February 02, 2010 02:03 PM

Thank you so much for your continued support of Agros’ Economic Independence for Women in Central America project on GlobalGiving.

To date, generous donors like you have given an astounding $23,843 in support of this project! That total provides 198 women with the microloans they have been waiting for to start their small businesses!

Attached to this report you'll find a document outlining the goals and objectives of the Women’s Community Banks (WCB) project and specifics detailing exactly how it works within Agros villages.

In addition, we’re pleased to share with you in a second attached document the story of Teresa García, a young woman who is benefiting today from one such loan, and the impact it’s had on her life and that of her family.

We welcome any and all feedback you might have about this update. Please let us know if these reports are proving valuable, or if there are other types of information you’d like to receive from us as relates to this project.

Enjoy, and mil gracias!

Shannon Gallagher
Annual Campaign Manager
Agros International

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