René Banegas, CEO of BRS partner PILARH ODPF
“In 2018, BRS Microfinance Coop granted us a loan of a million dollars, with a term of three years. Extra capital that allows us to give an additional 1,000 customers a credit of 1,000 dollars.”
BRS and PILARH have been working closely together for several years. Among other things, they were able to set up an enterprise fund for Honduran youth and launch new savings products. In 2018, BRS breathed extra life into the cooperation with a new loan.
Problems in the agricultural sector mean that ever more financial institutions are withdrawing. Coffee, potato and strawberry farmers in particular are struggling. But PILARH won’t let these farmers down. With the support of BRS, they work with farmers to find tailor-made solutions, such as adjusting loan durations, rearranging debts and aligning the insurance offer with the real problems of that moment.
Read the full interview with Réné Banegas
Read more about the cooperation between BRS and PILARH