Community Improvement, Capacity Building

ADELANTE FOUNDATION

aka Fundación Adelante

San Francisco, CA

Mission

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

Ruling Year

2002

Principal Officer

Mr. Anthony Stone

Main Address

PO Box 2329

San Francisco, CA 94126 USA

Keywords

micro-credit, micro enterprise, economic development, Central America, Honduras, women, poverty, loans, credit, poor, Latin America, minority, aid, education

EIN

94-3329340

 Number

0690707201

Cause Area (NTEE Code)

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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Social Media

Programs + Results

What we aim to solve New!

Honduras is one of the poorest countries in the Western Hemisphere, with 63% 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

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

SOURCE: Self-reported by organization

Microfinance

Education

Where we workNew!

Charting Impact

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

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

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 18 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 more than 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.

In addition to monitoring progress on our operational and financial goals, we use the Progress Out of Poverty Index (PPI) and surveys focused on the educational, economic, and personal benefits that clients enjoy through their experience with Adelante. These tools help us to measure our progress toward improving the quality of life for our clients and their families.

Since 2000, Adelante has lent to more than 100,000 Honduran women, and 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 2020. 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.

External Reviews

Financials

ADELANTE FOUNDATION

Fiscal year: Jan 01 - Dec 31

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  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
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Operations

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

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2016, 2015 and 2014
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & 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 & 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

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

SOURCE: Self-reported by organization

Gender

Diversity Strategies

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We track retention of staff, board, and volunteers across demographic categories
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We track income levels of staff, senior staff, and board across demographic categories
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We track the age of staff, senior staff, and board
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We track the diversity of vendors (e.g., consultants, professional service firms)
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We have a diversity committee in place
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We have a diversity manager in place
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We have a diversity plan
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We use other methods to support diversity