Adelante Foundation
The Adelante Foundation empowers enterprising women in Honduras by offering micro loans, education, mentoring and financial services to achieve economic self-sufficiency. Adelante’s mission is to empower women in the community to help them achieve economic self-sufficiency.
Honduran women struggle daily with food insecurity and health problems, primarily due to their low household income. Adelante has a twenty year history of success in providing small loans and education to help women become entrepreneurs and financially self-sufficient.
Robert N. Johnson
P&G Alumni Grant Champion
Robert N. Johnson
Two years with P&G in Sales and CBD in the US.
Robert Johnson served on the Adelante Board of Directors for five years and as the Board Chair of Adelante for one year. He continues to advise key staff and publicly advocates on behalf of the organization, inspiring new and ongoing supporters. It is difficult to quantify the full impact Robert has had on the organization during his tenure, but he has undoubtedly raised hundreds of thousands of dollars of support to advance Adelante Foundation’s mission and raised awareness among hundreds of people and organizations. He is a true asset and advocate of their mission.
“Honduran women only require empowerment and access to guidance on how to start up a business (“HOW TO”) as they have all the energy to succeed (“HAVE TO”). Join us in strengthening one of our Honduran neighbor’s domestic situation.” Robert Johnson
Honduras continues to be one of the poorest Latin American countries, ranked second only to Haiti. More than 65% of the population live in poverty and one in five Hondurans live in “extreme poverty”. People living in rural areas face the greatest challenges due to lack of access to health care, quality education and job opportunities. This is particularly true for women due to lack of access to capital and business training.
Adelante offers integrated microfinance and education. The model offers access to credit, group support, and alternative plans in cases where repayment becomes difficult, and each loan offering is designed to address specific barriers that prohibit clients from breaking the intergenerational cycle of poverty. ‘Well-Being Officers’ provide guidance and mentorship on a regular basis and determine when and if loan restructuring is needed. Over the course of the last 20 years Adelante has successfully served more than 25,000 entrepreneurs with 150,000 loans, with a 96% repayment rate.
Learn more about Adelante Foundation: We are The Adelante Foundation – YouTube
The $20,000 grant will fund a loan pool to further expand services, strengthen the training for both staff and borrowers and accelerate income growth for women farmers and their families.
Adelante will specifically allocate $15,000 towards the loan pool to provide 50-75, $200-$300 loans and $5,000 towards training and education, all of which will help create 50 new businesses, increase financial literacy and business acumen for 100 microloan recipients.
“Housing Made Possible”
The Adelante Foundation has helped Rosa tremendously. She has been a client for seven years and has had 13 loans. With these loans she has purchased livestock to earn a living and performed home improvements to help build their family home. Rosa’s most recent loan has been to buy cement to do the floors in the interior of their home. She is tired, but very proud.
“Adelante has helped me to build my house little by little. And now, I have it half done! With the help of these loans, we have worked a lot to make tamales, to buy calves, which we raise and sell for profit, and we also sell the milk. We go on managing money well in order to function and move forward!” Rosa, Microloan recipient