The Adelante Foundation of Honduras will provide micro loans to very poor women in rural Honduras for them to start and grow small businesses. The income will support the woman and her family.
Honduras, with 55% unemployment, is the second-poorest country in the Western Hemisphere, behind only Haiti. Although entrepreneurial spirit thrives, for the rural poor, there is absolutely no access to capital. The Adelante Foundation (Adelante is the Spanish word for forward, or progress) is filling the gap, providing much-needed access to capital to the motivated rural poor. Adelante also provides financial training and life skills training to our borrowers.
Providing much-needed loans to rural poor women in Honduras to start their own businesses.
Beneficiaries will be able to raise the standard of living for themselves and their families, by using their profits to eat better food or have access to medicine. After repaying their loans, those funds will be re-loaned to new women.
One of the women once told me: "Now I have money for more food in my house and more food for my family. One time I got sick and I could afford the medicine."
- Kimberly Walsh Stone, Director of Development
Total Funding Received to Date: $3,454
Funding Policy: subsidized/guaranteed
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 $3,454 as of Feb 26, 2004. The original project funding goal was $11,000.
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).
Thanks to 9 donors like you, a total of $3,454 was raised for this project on GlobalGiving. Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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Miami,
Florida,
United States
http://www.adelantefoundation.org
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