Fundación Hondureña para el Desarrollo de la Microempresa

Data provided through FUNDAHMICRO

Gross Loan Portfolio USD, 2011: 4.4 million

Number of active borrowers 2011: 8,825

Average loan balance per borrower USD, 2011: 499.0

Deposits USD, 2011: 0.0

Assets USD, 2011: 5.8 million

Number of depositors 2011: 0

Mission:

Proporcionar Servicios Financieros, Asistencia Ténica de Capacitación a todas aquellas personas involucradas en una actividad productiva que no tienen acceso al sistema financiero formal, porque no cuentan con las garantias requeridas. Promover la acumulación de capital propio a través de ahorro ... Read more

Background and Main Challenges:

Posecionarse del mercado, lograr el fortalecimiento del patrimonio en mas de un 100% para los proximos 5 años, lograr una cartera que supere los 300 millones de lempiras para el proximo quinqueneo, mejor en la atención a los clientes y ser una organización lider en microfinanzas a nivel regional.

Address:

Colonia Florencia Sur, calle principal. Casa No. 3344. Calle Principal, 4 casas arriba Farmacia SENROS.

Comayagüela, M. D.C.

Honduras

Phone:

(504) 232-5470

Fax:

(504) 263-0086

Email:

info [at] fundahmicro [dot] hn

Website:

www.fundahmicro.hn

Main Funding Sources:

Grants

Loans

Shareholder Capital

Products and Services:

Loans

Services Provided:

Health

Looking for (Investment Types):

Loans in Local Currency

Donations

Loans in US$

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 2000

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in rural areas	2
Clients living in urban areas	3
+ Development goals (ranked by importance)
Increased access to financial services	1
Growth of existing businesses	2
Employment generation	3
Gender equality and women's empowerment	4
Poverty reduction	5
Housing	6
Development of start-up enterprises	7
+ Poverty targets
Poor clients	1
Low income clients	1
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Microcredit for household needs/consumption	1
Loans for agriculture	1
Housing loans	1
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance	1
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
Leadership training for women	1
+ Products and services targeting the poor
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
+ Social responsibility to the environment
This institution offers lending lines linked to alternative energies
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
Consorzio Etimos	Funding
FAO-GTZ MicroBanking System	Vendor
MFSI	Vendor
Microfinanza Rating	Rating
Oikocredit	Funding
Red Katalysis	Network Affiliation
REDCAMIF	Network Affiliation
REDMICROH	Network Affiliation

MFI Report