Limited access to financial education, the lack of collateral and credit history exclude many people from the formal banking system. The project Rural Market Opportunities in the Gulf of Fonseca supports the Horus Entrepreneurship Fund created by the Horus association to facilitate access to a credit – investment capital for entrepreneurial ventures. Financing is provided through 50% grant and 50% as a loan at a rate of 15% per year.
12 entrepreneurs who are members of the inclusive Savings and Credit Fund "The Bride of the Sun" (Caja de Ahorro y Crédito "La Novia del Sol") – the majority of whom are members of the LGTBI community – received access to financing through the Horus Entrepreneurship Fund.
The Fund began operating in 2020, with an initial capital of around CHF 100, and currently manages a portfolio of CHF 5300. It continues to strengthen access to finance in Nacaome, Valle.
Through the administration of the fund, the group will be able to use the resources to sustain itself, grow and diversify its financial offer for the benefit of its members and to better serve its community.