Test Your Knowledge

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Test Your Knowledge

Please participate in this short quiz and join us on a journey of knowledge to better understand the conditions Adelante Foundation clients face. We hope you find the quiz both enjoyable and informative. Answers are provided after submission.

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Honduras has some of the highest rates of poverty and economic inequality in the Western Hemisphere. Recently, COVID and hurricanes Iota and Eta have exacerbated these statistics and undermined much of the progress Honduras has made throughout the 2010s. Roughly, how many Hondurans fall below the poverty line? *

1 point

50%

70%

60%

45%

A core element of successful Microfinance is its interest rates. These rates on loans vary between countries and organizations. When interest rates are too high, loans can become predatory, lead to the creation of debt, force clients to default, and undermine the objective of Microfinance. With this in mind, what is the average interest rate for an Adelante loan? *

1 point

10%

35%

15%

A significant barrier to women’s economic progress in Honduras is a lack of access to a bank. The absence of rural financial services and banking institutions not only prevents access to loans, but prevents women from developing a credit history. Financial inclusion is a core part of Adelante’s mission. Currently, 1.7 billion women around the world are considered “unbanked”. What is the estimated percentage of women who are considered “unbanked” in Honduras? *

1 point

39%

59%

48%

25%

When rural communities have access to Microfinance, they are able to invest their loans in a number of ways to improve their lives. The most common way for Honduran’s to invest capital from Adelante is in the development of small business enterprises. What percentage of Adelante loans goes towards business development? *

1 point

91%

76%

83%

64%

One of Adelante’s loan products includes home improvement. While many equate loans to business or economic development only, home improvement is a crucial element towards empowerment. Home improvement loans have a number of positive impacts for women’s economic and social empowerment. Which of the following is a benefit? *

1 point

Family security

Improved family health

The development of businesses

Increased income

All of the Above

Lack of education is a significant hindrance to social and economic mobility in Honduras. Roughly 39% of children in Honduras continue their education after primary school. Despite being free, the cost of uniforms, transportation, supplies, and time stand as obstacles to schooling. Of all those impacted by poor education, women and girls are some of the most vulnerable. To combat this, Adelante offers Education loans to both assist in the academic and vocational education of women and girls. Which of the following is an impact of increased access to education? *

1 point

Higher income and wages

Improve child health

Lower community crime rate

All of the above

Around the world, chronic food insecurity is a major consequence of poverty. Lack of nutritious food can stunt child growth, lead to birth defects, weaken immunity, and increase the likelihood of mental health problems. By providing access to micro loans and education, health and nutrition exponentially improves. Adelante also helps decrease food insecurity in Honduras via Agricultural loans. How many Hondurans currently suffer from food insecurity? *

1 point

2.9 million

1.6 million

600,000

2.5 million

Similar to chronic food insecurity, access to clean water remains a serious issue in Honduras. To combat this, Adelante partners with Water for People to provide clients access to clean water. Roughly how many Hondurans do not have access to clean water? *

1 point

550,000

650,000

700,000

400,000

In 2020, Adelante distributed $2.2 million worth of micro loans throughout Honduras. These loans have helped women build and launch businesses, become more resilient, gain access to education for themselves and their children, and break cycles of intergenerational poverty. On Average, how many loans does Adelante distribute annually? *

1 point

2,020

3,970

5,355

7,800

A concern of many individuals looking to invest in Microfinance is the potential for recipients to default on their loans. Yet, by working closely with clients, developing strong incentives, and offering interest rates of around 5%, Adelante has successfully mitigated this concern. Roughly what is Adelante’s loan repayment rate? *

1 point

85%

99%

96%

79%

Thank you for taking the time to learn more about Microfinance and the important work of Adelante. If you'd like to support underserved impoverished women in Honduras gain access to needed resources, please visit www.AdelanteFoundation.org today.

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