| URBAN CREDITS IN FLOR DEL CAMPO |
PAG’s micro credit program was started in 1983 to provide help to single mothers and poor families with financial resources and technical assistance to start their own businesses and to generate an income for their families.
This urban flexible credit program provides technical assistance on business planning, administration, costs and marketing, etc. for poor single mothers who need to feed their families by creating small businesses.
PAG’s micro credit program provides a special service in the city due to its low interest rates, fast approvals and personalized service. During 2008 PAG’s urban micro credit program granted $ 589,500 in loans distributed among 406 beneficiaries (60 % are women). These grants were invested in small businesses, services and small stores.
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| Making pillow cases |
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| Woman making tortillas to sell |
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| Small clothing store |
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| Making bricks |
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| In Honduras rural credits are too risky for commercial banks since the beneficiaries have no guarantees, no bank history and their payments can only be made at harvest time. However since 2003 PAG decided to make a difference by providing rural micro credit loans to help poor farmers and encourage greater food production. During 2007- 2008 PAG has granted $ 1,249,721 in loans for different purposes: food production, commerce and services, small animal projects and small business development. These grants were distributed among 1,747 beneficiaries, (60 % were women).
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Improving competitiveness of small business women in Flor del Campo and Siguatepeque.
PAG is implementing the TABITA program with financial support from the Interamerican Development Bank. Through this program PAG seeks to improve the income and living conditions of 100 small business women who live in urban and rural areas of Central Honduras (Flor del Campo-Tegucigalpa and Siguatepeque-Comayagua. Tabita program provides technical assistance and trainings to these women, to improve their businesses so that they can successfully compete with more equal opportunities.
2008 Achievements
a) The Tabita program socialized explained and organized the project among its 100 stake holders.b) A baseline study was implemented among 100 female entrepreneurs, 50 in Siguatepeque and 50 in Tegucigalpa. b) A plan was made seeking more coordination and planning, seeking cooperation and opportunities with municipal authorities, Chamber of Commerce, UNDP and Italian Cooperation was planned. c) PAG started the process by training female entrepreneurs to focus on a selling & marketing strategy in the marketplace. d) A marketing fair was conducted with stakeholders in Tegucigalpa, where women were able to present their products to the public and use the experience to improve the presentation of their production.
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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.orgSandra
*Para más información sobre 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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