By Donaldo Zuniga | Project Leader
COMAL Network
January 14, 2025
Seventh Report for GlobalGiving
Project Title:
Educating children in conditions of rural vulnerability
Consistent with our policy of gender justice, the COMAL network continues to promote and facilitate spaces for meetings and reflection spaces where rural and indigenous women can share their experiences and learning to boost their economic initiatives and thus provide for their children’s development and education.
During this period, the COMAL network convened a gathering of women who are members and managers of local credit unions or revolving funds operations. Most of the participants are single mothers who have generated income for their families through small businesses financed via these alternative systems. In this gathering, the women shared how efficient management of their credit and savings systems allow them to feed and educate their children.
Main achievements:
This national meeting was held from October 9through 11, 2024. Thirty women from alternative finance initiatives (savings and credit cooperatives, community banks, revolving funds) and credit banks, community banks, revolving funds) located in the eight regions of the country where the COMAL Network is present participated. In the meeting, participants exchanged experiences and best practices: organizational rules, processes for approval of loans, recovery strategies, formats and charts, tracking instruments, and tools for documentation.
Additionally, the gathering offered presentations by key speakers: Attorney Heidy Alachán, Deputy Secretary of Justice of the Ministry of Governance, Justice and Decentralization presented statistics and analysis on the situation of Honduran women today and Dr. Leonard Banegas of Consultants in Sustainable Development, CDS, who spoke on the Legal and Political Framework for the Protection of the Rights of Girls and Women. Both presented interesting data that reflect the current conditions and challenges of rural and urban women in the country.
Participants engaged in dialogue in which 10 alternative finance experiences were discussed. Priority was given to lessons learned in aspects such as the management of interest rates, credit placement and recovery, participation, empowerment and women's self-esteem. Both achievements and challenges were discussed.
On behalf of the women and their families we thank the community of donors who, through GlobalGiving, made this training possible, and in turn the empowerment of women in service of themselves as persons and the families who depend on them.
By Donaldo Zuniga | Project Leader
By Donaldo Zuniga | Project Leader
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