Honduras has a rich history of agricultural and has developed upon the foreign-owned banana companies that dominated its economy throughout the 20th century. Today, an effort to empower Hondurans to diversify their incomes is underway, with crafts and textiles supplementing farming. WCCN is proud to partner with Microfinance Institutions that are listening to the needs of communities and providing tangible results.

OUR PARTNERS IN HONDURAS

AHSETFIN

Partner Since 2014

AHSETFIN focuses on reaching out to disadvantaged poor people living in and around Tegucigalpa. 8% of their clients are illiterate and only 34% have formal education beyond primary school. 95% of their clients are in community banks, meaning groups of people share the risk and responsibility of paying back the loans. Most clients have set up their small businesses because they have been unable to find paid employment.

PRISMA-HONDURAS

Partner Since 2014

Located in the Honduran capital of Tegucigalpa, PRISMA is a microfinance institution that prohibits the use of the loans for practices that put natural resources and public health at risk.. Microenterprises comprise 70% of their lending portfolio and 84% of the total number of loans. PRISMA provides financing for solar panels in rural areas, housing and agriculture loans, and solidarity groups for women borrowers. 

FINSOCIAL

Partner Since 2014

FINSOCIAL is a nonprofit whose mission is to provide reimbursable financial resources to those microfinance institutions that are too small to obtain funds from most traditional microfinance funders. The network of microfinance established by FINSOCIAL not only allows reaching thousands of remote and rural micro-entrepreneurs that did not receive financing from other microfinance programs, but it also contribute the generation of multiple development activities carried out by the partners of FINSOCIAL. FINSOCIAL has an alliance with World Vision, Root Capital and CEFA to provide financial education and technical assistance to the partners and their borrowers. Approximately 68% of their clients are participating in either solidarity groups or community banks.

Please reload