Opportunities for the Creation of Linkages and Alliances to Expand the Supply of Rural Financial Services: José María Covelo Foundation and Its Partners in Honduras

The case study José María Covelo Foundation in Honduras describes an interesting story of the foundation’s evolution from a typical second-tier organization providing capacity building training and funding to private development finance organizations (PDOs) to one of a highly sophisticated holding company offering financial, human resource management, administrative, systems, marketing and organizational services to six organizations of the holding group.

The study focuses on a multiplicity of intra- and extra-group linkages with a range of financial and non-financial actors. The authors examine market-deepening linkages for rural finance and provide in-depth analysis of two local organizations and their linkages with Covelo Group among others. This case is rich in detail and at times complex, but provides many lessons for those interested in following a similar institutional development path.

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