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Since 2014, we have accompanied and advised the Government of Honduras in its efforts to promote the financial inclusion of the people participating in the conditional cash transfer program “Bono Vida Mejor”. To achieve this goal, we have put our experience and the regional knowledge acquired through the implementation of Proyecto Capital in Latin America and the Caribbean at the service of the Government of Honduras.


To date, and thanks to the resources of the Inter-American Development Bank (IDB) and the Secretariat of Social Integration Honduras (SSIS), we have made important progress:

  • We carried out different evaluations of the target population, which helped the development of a project adapted to their needs.
  • We advised the National Bank and the Insurance Commission, so that the public policy document “National Strategy for Financial Inclusion – ENIF” incorporates goals related to highly vulnerable segments, such as the population receiving government subsidies.
  • The payment mechanisms in the country have undergone a remarkable evolution: before, all the payments of the CCT were made in cash, and now the third part of them are directly deposited in  savings accounts. This means that today more than 41,000 participants of the program have a secure, comfortable, and reliable financial service.
  • Two of our methodologies for developing financial capabilities were adapted to the country context, one digital (LISTA) and one face-to-face (based on peer-to-peer learning), with which more than 4,000 program participants have been trained.


In addition, the results evaluation of the pilot phase shows important advances in the use of the accounts:
a) Nearly 30,000 participants deposited an average of 11.4 USD in their accounts during 6 months.
b) Changes have been registered in the level of knowledge, behavior and attitudes of the participants towards the financial system, with a boost of formal and informal savings, the management of home budgets and the creation of new ventures.


Key dates:

  • December 2014. Signing of the cooperation agreement with the Presidency of Honduras.
  • March 2015. Needs assessment.
  • February – June 2015. Opening of 34,000 simplified savings accounts
  • August 2015. Characterization of users of Bono Vida Mejor (August 2015)
  • April – October 2015. Pilot project of face-to-face and digital financial education.
  • October 2015. Launch of the 2015-2020 National Financial Inclusion Strategy.
  • April – October 2016. Adaptation of LISTA to the country context.
  • February – May 2016. Support for bidding for payments of the CCT.
  • December 2016. Opening of more than 7,000 simplified savings accounts.
  • February 2017. Evaluation of customer service.


Target population:
Women, rural population, urban population, people in situations of extreme poverty, recipients of CCT.



  • Technical cooperation and accompaniment to the government of Honduras for the integration of financial inclusion topics in national public policies.
  • Technical assistance, evaluation and accompaniment for the implementation of a financial inclusion strategy that benefits the participants of the conditional cash transfer program “Bono Vida Mejor”.
  • Technical support for the design and implementation of the project.
  • Adaptation of financial education methodologies: peer-to-peer learning (face-to-face) and LISTA initiative (rotation of tablets in the community).



  • A third of the payments of “Bono Vida Mejor” are now directly deposited into savings accounts, which implies more transparency in the payments, less costs, more security for the Government and more comfort for the users.
  • More than 41,000 savings accounts were opened for participants of the BVM in 44 municipalities in 16 departments of the country.
  • Nearly 30,000 participants had average savings of $ 11.4 USD in the first 6 months of bancarized.
  • 4,381 participants of the Bono Vida Mejor program have developed their financial capacities in 13 municipalities of the country.
  • The evaluation of results showed positive impacts in knowledge, behaviors and attitudes of the participants: 81% people today make a budget for their home (compared to 42%); 78% of people declare that they know what a financial institution is (compared to the previous 28%); 47% of the participants now save in cash (compared to the previous 7%); 50% declare that they would use their savings to face an emergency, instead of requesting a loan from third parties (compared to the previous 10%); and 88% now rely on a financial institution to save their savings.
  • The LISTA initiative has been adapted to the Honduran context, to expand the coverage of financial education in a massive and cost-efficient manner.


Key partners: Presidencia de la República de Honduras, Subsecretaría de Inclusión Social- SSIS, Comisión Nacional de Bancos y Seguros CNBS, Banco Interamericano de Desarrollo – BID.


Related Projects: Proyecto Capital, LISTA.