Adelante was founded by Tony Stone, who was raised in Honduras and then attended university in the United States. After graduating from Stanford University and working for a decade as an aerospace engineer, he returned to his homeland to found Adelante in the devastating aftermath of Hurricane Mitch. He developed Adelante’s loan methodology after receiving advice and support from other micro credit organizations and workers in Honduras. The methodology has continued to evolve with input from the borrowers and Adelante field staff, as well as help from the Grameen Foundation USA and other micro credit professionals. Adelante is proud to be selected a Grameen Replicator for our program efficiency and financial transparency. Adelante began operations in 1999. In September 2000, Adelante disbursed its first loans.

The Adelante Foundation can be contacted via email at ellen@adelantefoundation.org


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 24, 2006 Oct 12, 2005
Total Loans $1,500 $654,303,050
Amount of raised Inactive loans $0 $233,225
Number of raised Inactive loans 0 167
Amount of Paying Back Loans $0 $127,432,325
Number of Paying Back Loans 0 140,429
Amount of Ended Loans $1,500 $526,637,500
Number of Ended Loans 3 659,155
Delinquency Rate 0.00% 6.80%
Amount in Arrears $0 $5,635,729
Outstanding Portfolio $0 $82,926,205
Number of Loans Delinquent 0 25,826
Default Rate 0.00% 1.11%
Amount of Ended Loans Defaulted $0 $5,866,588
Amount of Ended Loans $1,500 $526,637,500
Number of Ended Loans Defaulted 0 17,637
Currency Exchange Loss Rate 0.00% 0.14%
Amount of Currency Exchange Loss $0 $895,125
Refund Rate 0.00% 0.71%
Amount of Refunded Loans $0 $4,640,300
Number of Refunded Loans 0 5,166

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.20%
Average Loan Size $500 $417
Average Individual Loan Size $500 $655
Average Group Loan Size $0 $1,843
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $4,200 $3,401
Average Loan Size / GDP per capita (PPP) 11.90% 12.27%
Average Time to Fund a Loan 1.82 days 6.02 days
Average Dollars Raised Per Day Per Loan $274.95 $69.30
  Average Loan Term 6 months 10.6 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 324,049
  Journaling Rate 0.00% 41.85%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.71

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 33.02% PY
  Profitability (return on assets) N/A 2.2% -0.68%
  Average Loan Size (% of per capita income) N/A 41.00% 36.66%

Country Fast Facts

Field Partner Staff

Loida Escobar Bates
Will Bullard
Gabriela Gallegos
Katie Karr
Mike Wiesner