Honduras’ economy is heavily dependent on exports and remittances from abroad, factors which also leave it vulnerable to fluctuations in the global economy. Despite government efforts, well over half of the population in Honduras is still living below the poverty line. We’re working to help strengthen microfinance throughout the country.
Over a decade ago Accion partnered with Finsol, the first regulated microfinance institution in Honduras. Since its founding in 1999, Finsol has sought to expand access to credit and other financial services throughout the country. Accion has provided assistance to Finsol primarly in the area of credit methodology. Finsol is currently an active member of the Accion Network, the organization that brings together the world’s leading microfinance institutions to collaboratively create, grow and lead the microfinance industry.