Economic Self-Help: Rural Micro Credit

by The Adelante Foundation of Honduras

Summary

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.
$3,453.88
total raised
9
donors
0
monthly donors
13
years

Challenge

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.

Solution

Providing much-needed loans to rural poor women in Honduras to start their own businesses.

Long-Term Impact

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.

Additional Documentation

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

Resources

http:/​/​www.adelantefoundation.org

Organization Information

The Adelante Foundation of Honduras

Location: Miami, Florida - USA
Website: http:/​/​www.adelantefoundation.org
The Adelante Foundation of Honduras

Funded Project!

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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