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 2009). 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

We have already provided a loan in 2008 that we expanded a year later. We expect that with this additional amount COMIXMUL will provide around 160 microcredits a year and approximately 830 by the end of the five years of our loan.