Grameen Foundation : Where we work : Latin America / Caribbean : Honduras
Honduras
The Need in Honduras
Honduras is the second-poorest country in the Western Hemisphere. According to the most recent Honduran census, the country suffers from 55 percent unemployment and even larger numbers of underemployment. More than 66 percent of the population live below the poverty line of $2 a day. Honduras has had a relatively organized political process in place since the early 1980s. It also has mixed macroeconomic conditions; growth has been strong, but inflation remains high. In rural areas, 61 percent of families live in extreme poverty (below $1 a day).
Microfinance is well diversified in Honduras and the country experiences a high rate of penetration at approximately 12 percent (penetration gives the percentage of microenterprises that actually use microfinance), but rural and poorer areas have been neglected.
MFIs will also be able to access Mifos, Grameen Foundation’s innovative, open-source platform for information management. Details of our technical assistance to MFIs can be found in our Toolbox.
Our partner microfinance institution in Honduras: Adelante
Honduras success story: Beatriz
Grameen Foundation : Where we work : Latin America / Caribbean : Honduras
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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