Hermandad de Honduras
Asocación Hermandad de Honduras (Hermandad) was set up in 1977 as a non-governmental organisation. Hermandad has been offering loans since 1980 to provide finance for accommodation and working capital in the agricultural sector. Apart from offering a variety of loan products, Hermandad also offers its loan clients the opportunity to open savings accounts. It also provides loans for the purchase of products that generate sustainable energy (including solar panels) and acitvely encourages organic agriculture. Hivos-Triodos Fund provided an initial loan to Hermandad to enable it to generate further growth.
KEY INDICATORS Hermandad at year-end 2013:
- number of loan clients: 15,782
- percentage female clients: 44%
- percentage rural clients: 78%
- average loan amount: EUR 648
- number of savings clients: 26,961
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.