DGRV’s project in Honduras focuses on strengthening the cooperative financial sector, particularly in rural areas, and improving access to financial products and services. The initiative also aims to enhance resilience to climate change and promote the efficient use of natural resources, fostering sustainable and inclusive economic growth.
Since 2020, DGRV has taken steps toward introducing sustainable finance. In early 2022 it was decided together with FACACH, the largest association of cooperative financial institutions with 83 members and over 850,000 predominantly rural members (over 50% women) to hold a comprehensive Sustainability Event.
Conducted in the latter half of 2023 under the title “Transition to a Sustainable Economy,” the sustainability event was held in two separate events to give all the association’s savings and loan institutions the opportunity to participate. Expert presentations by DGRV and international consultants covered diverse topics, strengthening bonds among cooperatives and laying the foundation for a fairer, more resilient economic future respecting Honduras’ environment.
The first session, “Introduction to Sustainable Finance/Regulatory Initiatives and Support from the Integrated Sector,” provided insights into sustainable finance, highlighted regulatory initiatives, and outlined a strategic path for effective implementation. The second session emphasized integrating sustainability criteria in project assessment, not just as an ethical imperative but as a crucial strategy merging operational effectiveness with ecological and social responsibility.
Participants also learned about eco-efficiency in cooperative financial institutions, stressing the need for resource optimization to minimize environmental impacts. Another segment addressed Environmental, Social, and Governance (ESG) criteria in the cooperative financial sector, emphasizing clear guidelines for integrating ethical practices.
The events concluded with a guide on building sustainable portfolios in savings and credit cooperatives, equipping them with tools for adopting more sustainable financial practices, ensuring sector viability and success.
These events, uniting over 60 financial cooperatives, marked a significant milestone for the sector’s collective pursuit of economic development that respects and preserves the planet’s resources. With over 500 participants committing to progress in sustainable financial practices, it was agreed that these events signify the beginning of a transformative journey in the Honduran cooperative sector.
A Project Story of the Month / DGRV Team Latin America
A new partnership between DGRV and the Cooperative Development Authority (CDA) in the Philippines is enhancing regulatory oversight and stability within the cooperative sector.
More
DGRV’s project in Honduras focuses on strengthening the cooperative financial sector, particularly in rural areas, and improving access to financial products and services. The initiative also aims to enhance resilience to climate change and promote the efficient use of natural resources, fostering sustainable and inclusive economic growth.
More
The 8-year long TAKBİ project within the framework of the Turkish and German association cooperation, revitalized Turkish agricultural cooperatives by surmounting challenges, elevating organizational structures, improving service quality, and fostering member satisfaction, leaving a lasting positive impact on the cooperative landscape in Turkey.
More
Financial experts from Benin, Cameroon, and Uganda embarked on a journey to Germany to explore the essence of cooperative principles, forging a vision for a resilient banking sector that transcends borders and fosters economic and social progress in African communities.
More
In an extraordinary gathering, female traditional leaders from Southern Africa converged to harmonize the concepts of Ubuntu and cooperative principles, setting a visionary path for community development.
More
Empowering Cambodia's agricultural cooperatives through dynamic seminars: DGRV and AERD/RUA collaborate to drive leadership, professionalism, and sustainable growth.
More
In June, eight Chilean organizations participated in an Exposure Visit to learn from the experience of Energy Cooperatives in Germany
More
Empowering Mozambican youth through cooperative entrepreneurship to tackle unemployment and promote economic growth.
More
Helping the cooperative CCampo Alimentos to implement an Agrivoltaic pilot project in Brazil
More
Adaptation measures to climate change in rural areas in India
More
Renewable Energy in Costa Rica generated by cooperatives.
More
Food Processing with a Regional Federation
More
Digitisation of Primary Co-operatives in eSwatini
More
A central solution that enables members to make daily agricultural necessities available promptly and financially affordable
More
The creation of Community Distributed Generation Cooperatives in Chile.
More
Textile cooperative in Tunisia
More
Facilitating access to quality agricultural finance products in Cameroon
More
Generating business and commercial connections with the "Networks in Action" project
More
Mid- term courses for cooperative officials in Vietnam
More
The collaboration between the Brazilian and German cooperative sector
More
DGRV Kenya supports project partners on their way to adapt to “The new normal” in times of COVID-19
More
Pablo and his Potatoes
More
Strengthening small rural producer organizations in Colombia
More
Cooperative Social Responsibility in Honduras
More