By Will Bullard | Director of Development
"I feel good because I have saved enough to buy a refrigerator. I have a goal to buy a car to go to sell my bread to other communities, to sell more and to earn more. Never before have I had the kind of support I get from the Adelante Foundation."
- Maria Reina Benitez
Maria Reina Benitez started her bread baking and sales business with a $27 loan from the Adelante Foundation. Adelante is the Spanish word for forward, or progress, and its mission is to improve the standard of living of the extreme poor in rural Honduras. They do this by providing small loans – microcredit – to very poor women in rural villages.
After successfully repaying her first loan, Maria took out a second loan of $88 which she invested in a cabinet more supplies to bake more bread.
Fifty dollars contributes to a fund that provides micro-credit to women starting their own businesses.
Now on her third loan of $166, Maria is earning more than she ever has before - enough to send her children to school, to buy medicine when she needs it, and even to save a little.
Thanks to the support of GlobalGiving and others, Adelante has already helped over 2,000 women like Maria. Extremely poor women who live in rural villages in Honduras have often never earned a living wage before. In addition to loaning them capital, Adelante provides business training so that the women learn practical skills to make their business grow.
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