ADELANTE FOUNDATION

aka Fundación Adelante   |   San Francisco, CA   |  www.adelantefoundation.org

Mission

To empower enterprising women with the least opportunity to achieve economic self-sufficiency.

Ruling year info

2002

Principal Officer

Mr. Anthony Stone

Main address

PO Box 2329

San Francisco, CA 94126 USA

Show more contact info

EIN

94-3329340

NTEE code info

Economic Development (S30)

Financial Counseling, Money Management (P51)

Rural (S32)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Honduras is one of the poorest countries in the Western Hemisphere, with 64% of the population living on $1.90 per day or less. Challenges are greatest for people in rural areas, who subside on less than $1 per day and lack access to health care, quality education, and virtually any job opportunities outside of subsistence agriculture. Rural women are one of the nation's most vulnerable groups; due in particular to their lack of access to capital and training, they struggle to survive and to provide basic necessities for their families. Adelante Foundation works to improve the standard of living of impoverished women in rural areas of Honduras by investing in female entrepreneurs.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Microfinance

Adelante Foundation’s mission is to empower enterprising women with the least opportunity to achieve economic self-sufficiency, which we fulfill by making small loans, offering business and financial education, and helping women in the poorest rural communities of Honduras to start and grow their own microenterprises in order to lift themselves and their families out of poverty. Since 2000, Adelante has lent to more than 100,000 women in Honduras, and we currently serve approximately 8,000 women through five offices located in Tocoa, La Ceiba, El Progreso, Sigquatepeque, and Choluteca. Our average loan size is around $180 but can be as small as $25, and our average payback rate is 97%. Over the years, we have seen our entrepreneurial clients use their profits to provide better nutrition for their families, improve their homes, send their children to school, and save for the future. By charging low interest rates, Adelante is also able to fully cover operating costs, create new jobs for local Hondurans, and thereby create a sustainable solution to extreme poverty in Honduras.

Population(s) Served
Economically disadvantaged people
Women and girls

Every month, our credit officers deliver interactive educational modules to all of our clients in their assembly groups. These sessions are where our women not only learn invaluable knowledge but also apply concepts to their own businesses to improve their success. Credit officers also frequently visit each client for one-on-one business consulting and mentorship.

Population(s) Served
Economically disadvantaged people
Women and girls

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of loans issued to clients

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Economically disadvantaged people

Related Program

Microfinance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total dollar amount of loans issued

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women and girls, Economically disadvantaged people

Related Program

Microfinance

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our overarching goal is to reduce poverty in Honduras through a sustainable approach to empowering local families. We do this, first, by ensuring that our borrowers are able to run successful microenterprises that enable them to earn profits and overcome poverty. Second, we aim for our clients to enjoy other tangible benefits in their lives, including healthier diets, safer homes, the ability to save, and greater educational attainment for their children. In doing so, we hope not only to improve quality of life for each family we work with but also to improve the wellbeing of Honduran communities overall.

Our strategy has two prongs: microfinance and education. We start with microfinance in order to make capital available to Honduras' most vulnerable populations. Our model is based upon the Solidarity Group, two to five women who take out a loan together and are jointly responsible to repay. These groups are the core of our program, engendering healthy accountability as well as cooperative support among group members.

The second core element of our strategy is education; we offer training in business and finances to all of our clients in assembly meetings once per month. In these sessions, women not only learn invaluable knowledge but also apply concepts to their own businesses to improve their success. Our credit officers also frequently visit each client for one-on-one business consulting and mentorship.

Furthermore, through both elements of our strategy — taking out and managing a loan on the one hand and receiving business training and financial education on the other — our clients improve their self-esteem and ability to have a positive outlook. These women also take on leadership roles within their groups and assemblies that further encourage confidence and personal development.

Adelante Foundation has been working in Honduras for 20 years and has fine-tuned a model that best meets the needs of rural women. We also continually evaluate the effectiveness of our work and make adjustments as needed to adapt an evolving environment.

Our staff of 50+ Hondurans include several administrators who have been with the organization for eight or more years; in addition to their academic training, these leaders carry with them a wealth of institutional knowledge and skillfully steer our work. Our field staff work with clients on a daily basis, building close relationships that lend a unique understanding of the cultural and economic challenges faced by local women.

Our Board of Directors includes several members who have been with Adelante since its early years, as well as members with expertise in microfinance, international development, and Honduran culture. These committed volunteers expertly steer our work.

Since 2000, Adelante has lent to more than 25,000 Honduran women and distributed over 155,000 micro loans. We have documented the tangible positive impact of our program on many of their lives. Going forward, we hope to increase our active client number to 10,000 and to open another branch office in the western region in 2022. Very importantly, we are improving our monitoring and evaluation strategies to be able to report more precisely on the outcomes and impact of our work, to more objectively ensure that we are fulfilling our mission of empowering the poorest Honduran women.

Financials

ADELANTE FOUNDATION
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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ADELANTE FOUNDATION

Board of directors
as of 9/23/2021
SOURCE: Self-reported by organization
Board chair

Mr. David Fleming

Seafresh Group

Term: 2017 -

Tony Stone

John Kendall

Bob Sample

Janet Lautenberger

Rich Lang

David Fleming

Jason Smartt

Maria Hubing

Cecilia Chi-Ham

Richard Musat

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 09/22/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Decline to state
Gender identity
Male
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data