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  In addition to microcredit, clients may also have savings accounts, debit cards and manage remittances they receive

Rural Credit Unions Promote Access to Finance


HONDURAS

Traditionally ignored by the formal banking system, many Hondurans look to credit unions for their financial needs. Strengthening these organizations by improving their internal processes and risk classification can go a long way towards extending access to finance to the poorest populations.

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Facts and Stats

  • The project provided institutional strengthening support to 25 credit unions in Honduras
  • These credit unions provide financial services to over 100,000 low-income people.
  • Participating credit unions have improved their risk qualification and internal processes through the implementation of new technologies.
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