Economic Independence for Women in Central America

Summary

Help fund loans for poor women in rural areas of El Salvador, Guatemala, Honduras, Nicaragua and Mexico enabling them to launch small businesses, create financial security and strengthen communities. progress reportread updates from the field

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More Information About this Project

Project Needs and Beneficiaries

This project provides loans to women, most of whom come from very poor, indigenous populations. With these investments, they are able to launch small businesses in areas such as baking, sewing, artisan crafts, agriculture, and raising livestock. Women also learn management skills so their businesses prosper. Loans received through Women's Community Banks allow women to build savings and support their families, including the opportunity to share in land ownership.

Activities

This project provides loans of approximately $120 each and training to help women, most of whom are poor and indigenous, start and successfully manage businesses. To date, loan programs have repayment rates of 92% with zero in arrears.

Funding Information

Total Funding Received to Date: $5,543
Remaining Goal to be Funded: $44,456
Total Funding Goal: $50,000

Additional Documentation

This project has provided additional documentation in a PDF file (projdoc.pdf).

Resources

Why this Project is Important

Potential Long Term Impact

This project addresses the needs of women and their families by creating a positive cycle of change. Women gain business expertise and the ability to generate income, leading to financial security and an improved quality of life.

Project Message

I feel very proud. More than anything I want to help my people, and I am happy to be a part of a program that supports our initiatives.
- Maria, Entrepreneur, San Miguel, Mexico

Who is Running This Project

Contact

Shannon Gallagher
Annual Campaign Manager
2225 4th Avenue
Second Floor
Seattle, WA 98121
United States
206-528-1066
Email:

Project Sponsor

Agros International

Organization

Agros International Logo

Agros International
2225 4th Avenue Suite 200
Seattle, Washington 98121
United States
206-528-1066
http://www.agros.org

Where this Project is Located

Country

This project is located in NicaraguaNicaragua and can also be found under Economic DevelopmentEconomic Development.

For more information about Nicaragua, read the Human Development Report on Nicaragua or the Wikipedia entry for Nicaragua.

When this Project was Updated

Last Updated

This project was last updated on November 6, 2009.

Date Added to GlobalGiving

This project was added to the GlobalGiving project catalog on September 29, 2009

Latest Update from the Field

Profiles of Women Entrepreneurs

By Shannnon Gallagher - Agros Staff, September 30, 2009 02:40 PM

Success Stories
Loans from the enterprise loan fund are helping women in Agros villages gain important social and financial skills as well as generate income for their families. The following are profiles of a few of the women who are benefiting from this project.

Juana is one of the forty-four women involved in the two Community Banks in Xeucalvitz. This quarter she was elected by her peers as the President of her Community Bank Group A. In addition to a leader, she is an enterprising woman that has been very successful in her productive activities, namely her own small general store where she sells some groceries and snacks. Having recently participated in a bread-baking workshop with a partnering organization, Juana also plans to start a bakery in the community as well, and sell in the local market. “We are excited because we are constantly learning new things,” Juana shares. “We never had a bank account before, but now we know how. We go to the bank and make our deposits. And every loan cycle, we deposit a little more. With our earnings, we can provide food, clothing, medicines, and other basic needs for our families.”

And another Juana is a member of the Community Bank in the Agros village of Cajixay. In November 2008, just two months after purchasing 200 chickens through a small loan, Juana made the first chicken sale in her community! Today, the chicken project continues to be a success. More families have joined Juana in her endeavors and this quarter demand has grown tremendously as the word of the chickens has spread to other communities. Juana and her partners continue to receive assistance from Agros as they increase their income and improve families’ diets.

Griselda, 48 years old, is the President of the Community Bank Group A in Cajixay. “My dream for our group,” she shares, “is that the projects benefit all of the women in our community.” With her example, the women in Cajixay shouldn’t have trouble coming up with new ideas; Griselda currently invests in a small store where she sells sugar, water, nachos and medicine. She also raises pigs and rabbits, in addition to having her own bread oven! Griselda is so ambitious she has established a partnership with a nearby restaurant that places a weekly order for her breads. With the income that she earns, she hopes that her grandson Denison will be able to go to college, just like her son Jacobo who graduated in 2007 in agro-forestry.

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