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.
This project has provided additional documentation in a Microsoft Word file (projdoc.doc).
