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Home > Find a Project > Nicaragua > Economic Development > Economic Independence for Women in Central America

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


How Donors Like You Helped

Thanks to donors like you, a total of £32,199 was raised for this project.

Received £32,199 from 930 donations from people around the world like:

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: £32,199

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Progress Report" tab as they become available.

Donors' contributions and pledges to this project totaled £32,199.  The original project funding goal was £31,475.

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

Cathy Reilly,
Direct Marketing Manager
2225 4th Avenue
Second Floor
Seattle, WA 98121
United States
206-528-1066
Email:

Project Sponsor

Agros International

Organisation

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

Learn more about Agros International and the project team.


Agros International's Funded Projects on GlobalGiving

Support Sustainability for Honduran Farmers
Support Sustainability for Honduran Farmers
Support Sustainability for El Salvadoran Farmers
Support Sustainability for El Salvadoran Farmers
Support Sustainability for Mexican Farmers
Support Sustainability for Mexican Farmers

Where this Project is Located

Country

This project is located in Nicaragua and can also be found under Economic 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 July 25, 2011.

Date Added to GlobalGiving

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

Latest Update from the Field

Update: Economic Independence for Women

By Cathy Reilly - Donor Relations Manager, June 24, 2011 10:09 AM

Your overwhelming support of this project is amazing!  Thank you all for your partnership, which truly benefits women and their families living in rural poverty in Central America. These women not only launch small businesses to earn additional income for their families, but also gain an incredible amount of hope and confidence knowing that others have invested in their success. 

Thanks to generous supporters like you, a remarkable $45,933 has been contributed toward this project.  It’s a powerful number.  But even more powerful is what that that money translates into – 383 women have been able to start small businesses thanks to the funds you’ve provided!  And by partnering with these women, you've invested not only in their own capabilities, but also ensured a brighter future for their families and larger communities. 

Attached, please find the story of Maria Griselda.  Maria lives in Cajixay, in the remote western highlands of Guatemala.  This region has some of the highest poverty rates in the world, and at one point her family lost everything as a result of widespread guerrilla violence in the region. But today Maria is one of the leaders of her Community Bank, and with her loan she has been able to open a general store and participate in a pea growing contract.  

Read Maria’s story, and please share with us any feedback you might have about this update.

As always, we are so grateful for your continued support of Agros’ Economic Independence for Women in Central America project on GlobalGiving.  As the project draws to a close, we are so grateful for the hundreds of women whose lives have been changed as a result of your generosity.

Mil Gracias,

Cathy


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