A Spotlight on Small Business Education
Did you know that education is an integral part of our loan program? We’re well known for granting short-term loans to rural Honduran women, but part of what makes the Adelante Foundation unique is that we also provide our clients with small business education.
A credit officer presents to an assembly group outside of La Masica
Our education program first began in 2000 with credit officers providing advice, when asked, to selected women on how to start a small business. This eventually led to the creation of an official education program in 2004. At this time credit officers began presenting to entire assembly groups on topics related not only to business but also health and human rights using brightly-colored poster sets, which allowed clients who weren’t able to read the ability to understand the content of the presentations. In 2007, the community educator program was launched where one client from each assembly group attended workshops presented by Adelante staff to train them in giving the educational presentations to their respective assemblies. The community educator program was discontinued, however, due to a lack of measureable results.
In 2010, we’ve revamped our education program to focus exclusively on how our borrowers can increase their business related income.
The Program Today:
Over the years we’ve learned that training and education are crucial to our client’s financial literacy and overall success. In fact, the Adelante education program strengthens the educational and financial literacy base of a client’s entire community. The average education level of our clients is second grade. Many of our clients have learned the skills necessary to run their businesses (they are “street-smart” and creative) but lack the knowledge to expand their businesses beyond the daily routine tasks. Much of the time the material presented is forgotten. Using the idea that adults learn best by doing, we decided to make the presentations more interactive.