It occurred to me that I haven't spoken about another aspect of microfinance that really helps the community. Employment or Jobs! Our company in Honduras offers 30 people full time employment with full benefits. We help many clients to start businesses, but we also provide steady jobs which pay in the 50% to 75% quadrants of local market rates.
During my last visit the end of May 2010, I spoke with several happy employees who had recently received promotions after finishing their studies at local technical schools and universities. Our cleaning person and our receptionist graduated in bookkeeping and both now work as Loan Processors. The junior accountant just graduated from the university and assumes the position of Head Accountant. Awhile back, the GM's secretary was promoted to Branch Supervisor and our best Branch Supervisor just became our company-wide Loan Manager.
One of our best branch supervisors graduated from the university in education and left the company for a teaching position. However, we are glad to have given her full time employment to pay for her tuition and books as she worked her way through teacher's college these past 4 years.