Page History

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• Researched Microfinance in Honduras
• Looked at the profiles (I started with BRAC and Grameen. Then found a 2005 report on Microfinance in Central America on Grameen's website which led to another list of Microfinance organizations in Honduras. I googled all the names to see if all the organizations listed are still in business) and the procedures of funding used by these organizations and then compiled them as an excel sheet list. BRAC as it turns out is not involved in Honduras, Grameen only provides technical support to Adelante Foundation (http://www.adelantefoundation.org/^{Image Removed})
• All the Microfinance orgnanizations in Honduras seem to follow the grameen model for lending pursposes, in this model an organization assigns a number of officers to a community to familirize with the situations on ground and gather loan applications. Once the loan applications are reviewed they decide on potential borrowers (usually the limit is 5 people) and form a group of with all them as members. Then they give money to 2 members of the group (the loan could range from anything between $50 to $5000) and monitor repayments for a two year period. If the two borrowers do return the money on time they extend the loans to everybody else in the group, this dynamics creates a peer pressure among the borrowers to make payments on time
• Talked to Monroe about the findings to get clarification on how he perceives to use Microfinance for funding Aguaclara projects efforts

Next Week

Write-up on Microcredit in Central America for the outreach midterm report.

Trang
Last Week

• Compiled a list of all members since 2005
• Made a list of potential members- Look through Oxfam, Action Aid, Care, US Aid websites to see if they are giving out money
• Look for ways to create mass email lists. Talked with Monroe and Outreach team during meeting about this
• Worked on TeachAward but there was issue. Sent file back to Joe to have it edit.

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