Honduras
Economic DevelopmentAdelante Foundation of Honduras - Economic Self-Help: Rural Micro-Credit
Address
Adelante Foundation of Honduras
2139 NW 7th Avenue, # 535
Miami,
FL
33122-1615
United States
011-504-440-0771
http://www.AdelanteFoundation.org
Mission
We strive to improve the standard of living of poorest women living in rural Honduras. We are currently achieving this goal with over 2,200 women by providing them with small loans, savings programs, and business and life skill education classes. We also seek to empower women by offering them leadership opportunities in the group meetings and by provide leadership training to the elected leaders of the groups.
Programs
Adelante administers a micro-credit loan program to poor Honduran women. The women use the loans to start and develop their own small businesses. Initial loans start at $27, but over time increase to over $1,000 as the woman’s business grows. Equally important, every two weeks Adelante provides classes in business, health and nutrition so the women can learn how to succeed in business and improve the quality of their lives. All of Adelante’s staff and offices are located in Honduras.
Adelante Foundation of Honduras's Funded Projects on GlobalGiving
 Economic Self-Help: Rural Micro-Credit |
Personnel Overview
Anthony Stone - Executive Director
Adelante's founder and Executive Director is Tony Stone, a Stanford-educated engineer who was raised in Honduras. Born in Mexico, he lived in La Ceiba, Honduras from age six through high school. He then went to Stanford University and worked for a decade as an aerospace Engineer. After Hurricane Mitch devastated rural Honduras in late 1998, Tony returned to his home country to found Adelante.
Will Bullard - Development Director
After obtaining a degree in Mechanical Engineering from the University of Arkansas, Will joined the Peace Corps and served in Tanzania for two years. Upon returning to the States he founded and managed a successful software development firm for thirteen years. After selling his firm, Will was interested in giving back. In May, 2004 he and his family moved to La Ceiba to take on this position.
Personnel Statistics
Anthony Stone, Executive Director
Founded in 1999
Employees: 18
Volunteers: 5
Financial Statistics
Budget (2006): 380,800
Budget (2005): 283,936
Maximum Budget: 380,800
Overhead: 22%
Other funding sources: Grameen Foundation USA, Atkinson Foundation, American Jewish World Service
Religious Affiliation: None
