Financial services for informal sector entrepreneurs
Honduras, 2011
Collaborating Entity
Comixmul
Amount
$500,000
Term
2 years
Beneficiaries
3,200
Woman selling fresh water at a local market. Source: Herbert Adolfo Soriano
Social Issue
Honduras is a country with a lower middle income level and facing great challenges with more than 50% of the population living in poverty (according to official data from 2011). In rural areas, approximately one in five Hondurans lives in extreme poverty, or on less than $ 1.90 a day.
Our Response
Established in Seguatepeque, the microfinance company COMIXMUL began its activities in 1986 with a loan project to 12 women and it has become an important cooperative that operates through nine delegations.
Expected Social Impact
With this investment of the Netri Foundation, it is estimated that Comixmul will be able to provide 640 microloans in the country to help empower Honduran communities in job creation.