Peru
Background
This micro-credit programme operates in the district of San Juan de Miraflores in Lima - a slum district of Lima where rural people have migrated to the city looking for work. The district has a population of around 367,000 inhabitants, with an extremely high population density of 15,310 inhabitants per square kilometer. Of the residents, 6.3% are suffering from chronic malnutrition. Most housing is inadequate and lacks basic services such as water and drainage. Eight out of 10 heads of homes do not have a primary level of education. The women represent a particularly vulnerable group. Unemployment and under-employment affects at least 50% of the population nationally. In April 2009, ECLOF, with financial support from Five Talents, expanded it's services into Huancavelica, the poorest area in Peru.
Project Description
Please consider supporting this programme. Your donation will achieve the following impacts:
- On average one job is created per every £100 loaned.
- Each job supports about six other people, mainly family and relatives
- A donation of £1,000 creates as many as 20 jobs in the first year because the money is loaned out twice (6-monthly loans).
- That means 100 jobs created in 5 years, impacting 600 other people.
Invitation
In 2011 Five Talents would like to disburse £30,000 to the programme. This will go towards supporting entrpreneurs in Huancavelica and in South Lima. This year the project also aims to form new Solidarity Groups and Community Banks.
If you are particularly interested in helping us reach this goal please do get in touch.
More Information
Erik Josephson, a volunteer from the UK, has been working with our partners ECLOF Peru, and you can read his blog here.
Click here to read the latest programme summary on this project.
Click here to read trip reports from Peru and other countries.
Watch a film on Peru below.
Click here to read case studies from Peru and other countries.