| URBAN CREDITS FLOR DEL CAMPO |
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| Women making tortillas |
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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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| Man making pillow |
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| Small clothing store |
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| Woman making flower-pot |
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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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| Making brick |
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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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