| Progrese Microcredit Program |
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| Rural microcredit beneficiaries who have developed their own chicken project |
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PAG’s Progrese Microcredit program works towards improving the income and living conditions of the program’s beneficiaries by giving them opportunities to develop small businesses through flexible credits offered at competitive rates within the market. Our clients are low income individuals, most do not have guarantee, and they do not have access to bank financing. Besides financial support and training, additional activities include advising our clients about the market, customers, administration and marketing.
Our credit program provides urban credits for families living in Flor del Campo Teugcigalpa (started in 1983), and Rural credits for families living in Cortes, Comayagua and Ocotepeque counties started in 2003). Most urban credit beneficiaries are individuals that have opened their own small stores or businesses providing services to the public (snack shops, making and selling tortillas, making and/or selling clothing, furniture, etc). Most rural credit beneficiaries are farmers that have been able to develop greater food production, crop diversification or their own small animal projects.
The profits gained from the Progrese Credit program are reinvested back into the organization to provide additional loans to other PAG programs and to help with PAG administrative costs. The program has improved its efficiency and has a low percentage of 5% of late payments.
As of Novemeber 2011:
- The Progrese credit program currently has $248,021 in the bank and on hand for credit loans.
- The program currently has $1,794,195 in loans out to 700 active clients.
- 443 loans were extended to new individuals during 2011.
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| Rural microcredit beneficiary in his plantain field |
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| Urban microcredit beneficiary with her own sewing business |
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| urban microcredit beneficiary who has opened her own store |
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| Hand-made cards (Global Art) |
Global Art is a small business created by four single mothers who live in Flor del Campo, Tegucigalpa, a slum area in the south western part of the capital of Honduras. These women work diligently at their handmade crafts using brightly colored paper, cloths, dried flowers, and stencils to create their works of art sold throughout Honduras.
The cards sell for $ 1.50 a piece, (this includes shipping). Each card is 11.5cm x 15 cm. For orders up to 50 cards, the price per card is $ 1.50. For larger orders, the price per card is $ 1.30. The price per bookmark is $ 0.70.
All card orders can be paid by check made out to Proyecto Aldea Global specifying "Global Art cards" in the memo.
*For further information or to place orders (in English) please contact Julie Morrow at julie@paghonduras.org
*Para más información acerca de Arte Global o para hacer una orden (en Español), contacta a Sandra Dominga Nuñez: sandraarteglobal@yahoo.es o llama (504) 234-5380 (504) 234-5384.
Proyecto Aldea Global supports the effort of this group of women by providing them with a location for their business in its Flor del Campo office, at no cost.
Download our catalog HERE
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