Project profile — Rural Opportunities in the Gulf of Fonseca in Honduras



Overview 

CA-3-D003595001
$12,030,524
Swisscontact
2017-06-16 - 2022-12-31
Operational
Global Affairs Canada
NGM Americas

Country / region 

• Honduras (100.00%)

Sector 

• Secondary Education: Vocational training (11330) (25.00%)
• Business And Other Services: Business support services and institutions (25010) (50.00%)
• Agriculture: Agricultural education/training (31181) (25.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

The project aims to improve the economic well-being of small-scale entrepreneurs and producers, especially women, youth and marginalized people living in poverty, in the Dry Corridor of Honduras. It works to strengthen the business competencies of micro, small and medium-sized enterprises (MSMEs) and to enhance their ability to profit from markets. The project also fosters a local economic environment contributing to the success of MSMEs in the best way to achieve short-term results while building long-term sustainability. The project engages both agricultural and non-agricultural enterprises, directing 70% of the investment towards those owned by or mainly employing women, youth and other poor and marginalized groups. Project activities include: (1) providing training and technical assistance on business and organizational skills to MSMEs, producers and their organizations;(2) linking MSMEs to financial services;(3) enhancing access to local, national and export markets;(4) increasing the ability of business development services for MSMEs; and (5) strengthening the ability of institutions to implement local economic development plans and sharing of lessons learned. The initiative covers 33 municipalities; it is expected to reach 7,000 households comprising 36,000 people, 70% of them women and/or youth. The project is implemented in partnership with the International Center for Tropical Agriculture (CIAT) and McGill University. It also engages a full range of Honduran stakeholders in government, the private sector, academia and civil society at the community, department and national levels.

Expected results 

The expected outcomes for this project include: (1) improved business, technical and financial practices of small-scale enterprises, especially those led by or mainly employing women, youth and/or marginalized people; and (2) increased productivity and sales by small-scale enterprises, especially those led by or mainly employing women, youth and/or marginalized people living in poverty.

Results achieved 

The results achieved as of December 2022 include: (1) 3,205 producers, entrepreneurs and trained people observe an improvement in their economic well-being; (2) Micro, Small and Medium-sized Enterprises (MSMEs) reported 74% increase in their annual net incomes, 60% increase in sales and 36% increase in productivity due to the adoption of practices promoted; (3) producers reported a 38% increase in their annual net incomes, 40% increase in sales and 23% increase in productivity attributed to practices supported by the project; (4) 2,789 producers and MSMEs (1,401 women) have participated in training sessions on good business practices; (5) 1,420 entrepreneurs (998 women) have received technical assistance for the establishment of businesses; (6) 3,468 young people (1,990 women) completed a vocational education program to acquire a decent employment and 2,472 employees (1,078 women) trained in key competencies for better performance and remuneration; (7) provided 2,940 producers (1,329 women) actively participated in the Farmer Field Schools to learn about climate-smart agricultural practices; (8) 2,710 producers with agricultural seeds and input to grow corn and beans in response to the risk of food insecurity crisis during the COVID-19 pandemic; (9) 7,072 MSMEs, entrepreneurs, producers, employees and youth (3,982 women) participated in the Financial Education Program; and (10) trained 116 public and private actors (86 women) supporting the Local Economic Development (LED) in gender equality, LED management and women's economic empowerment.

Budget and spending 


Original budget $1,807,257
Planned disbursement $0
Transactions
Transaction Date Type Value
31-03-2023 Disbursement $594,527
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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