giving totals

Total funding goal: $5,000

Total funding to date: $5,000

Remaining goal: $0

Total Donors: 36

DiscoverHope Fund

DiscoverHope creates dignified solutions for women in poverty through our Microcredit Plus Model. By combining loans with learning, we provide access to credit as well as access to knowledge. www.lendhope.org

www.lendhope.org

Project start date: 01/20/2012

Project completion date: 02/17/2012

Latest project status



General Status Update

Date: 05/10/2012

Celebrating the Joy of Motherhood in Cajamarca, Peru with a Fiesta!

Motherís Day is always a big event at DiscoverHope! 97% of the women we serve are mothers (or grandmothers) and May 13 is a revered Peruvian holiday. Family members from near and far will gather at Momís house on Sunday afternoon for a big shared feast. Often the first born child will begin the meal with a tribute toast to mom, thanking her and expressing the familyís adoration. And afterwards ĖView More


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Microcredit PLUS education for women in poverty



Cajamarca,

To complement the microcredit component that DiscoverHope funds, we seek to offer approximately 300 educational trainings each year to maximize women's entrepreneurial, financial, and personal goals. In 2011, we doubled in size! We now have 21 village banks serving 216 families, and we provided 725 classes, workshops and individual coaching sessions, far surpassing our original goal of 300. All while maintaining our unprecedented 100% loan payback rate. This project would continue to provide a range of trainings to these women over the course of the year that would be organized by our on-site program manager, indigenous staff and teachers. Trainings are always determined based on the requests and needs of loan recipients because we work from the roots up, beginning with the dreams and desires of the women we serve: historically these trainings include business, finance, literacy, health ed., computer, artisan, culinary and husbandry skills development. DiscoverHope is able to provide these trainings to village banks located both centrally within the city of Cajamarca at our HOPEHouse, a women's development center, as well as to the village banks spread out in the rural communities where transportation is limited or not feasible. For more information, visit www.lendhope.org





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Where this project is located

Info about


Peru, the fourth most populous country in South America, is bordered by Ecuador and Colombia, Bolivia, Chile, and the Pacific Ocean. With 29 million inhabitants, 76 percent live in urban areas. The largest city is Lima, home to more than 8 million people. The World Bank Group notes that Peru has a poverty rate of 51 percent, with 18 percent living on less than $1 a day and 37 percent living on less than $2 a day. UNICEF reports that the average annual income per capita is $2,360.

Project Milestones

Providing microcredit for women has proven to be a vital tool for alleviating poverty.The Microcredit Summit Campaign explains that women are often responsible for the upbringing of the world's children; the worldwide goal is to ensure that 175 million of the world's poorest families receive credit for self-employment by 2015. Women manage household finances in most of the developing world; as more cash and assets get into the hands of women, most of these earnings get into the mouths, medicine, and schoolbooks of their children (www.microcreditsummit.org).

To complement the microcredit component that DiscoverHope will fund, we seek to offer approximately 300 educational trainings at $25/training to maximize women's entrepreneurial, financial, and personal goals. The project would provide a range of trainings to these women over the course of the year that would be organized by our on-site program manager, local site staff, and local teachers. Trainings are always determined based on the requests and needs of loan recipients because we work from the roots up, beginning with the dreams and desires of the women we serve: historically these trainings include business, finance, literacy, health ed., computer, artisan, culinary and husbandry skills development.DiscoverHope provides rural village classes out in the communities, but in 2009 DiscoverHope also opened the doors of the HopeHouse, a women's development center in Cajamarca, Peru where the women centrally gather to attend trainings.


Project timeline/Intended Impacts:

  • Provide 300 entrepreneurial classes based on women voicing needs†††††
  • Track number/type of trainings and participants
  • Generate and track new income and savings based on knowledge learned in classes
  • Send children to school due to increased income
  • Engender savings for family needs: business, education, health†
  • Gather and report qualitative feedback For evaluation example, see http://discoverhopefund.org/eval


Background

DiscoverHope is a nonprofit organization whose mission is to provide opportunities for women in poverty to create their own prosperity through microcredit and educational training.† Visit www.lendhope.org

By gaining access to capital and new knowledge through our program, women who are historically denied credit and education build upon our support to create their own businesses, lift their families out of poverty, and shape their own destinies. Our model establishes microcredit as the "fishing pole" and provides training to "teach a person to fish."In this way, DiscoverHope seeks to create an entrepreneurial framework for women in poverty to actively participate in their own economic advancement, personal empowerment, and life transformation. We believe in the resourcefulness and intelligence of our women, and thus, they guide ALL collective decisions about their capacity building as we know THEY know best what they need.

DiscoverHope currently works in communities surrounding the city of Cajamarca, Peru. Cajamarca is 530 miles northeast of Lima and is situated in the remote mountains of the Northern Andes highlighted by undeveloped access routes.The surrounding Cajamarca province is considered the 3rd most poverty stricken area of Peru, with more than 80% of the indigenous population below the poverty line.†In the city of Cajamarca and surrounding villages, the people face considerable challenges including:

  • Lack of public health systems (37% without potable water, 25% without latrine, 68% without electricity)
  • Lack of education infrastructure (28% of women reported illiterate)
  • High level of child malnutrition (43% of infants reported malnourished)
  • Widespread lack of electricity/use of wood-burning for cooking causing respiratory illness
  • Limited economic opportunities††††††††††††

†††††††††††††††† ††††††††††††††††††† †††††††††††††† (http://www.inei.gob.pe)


More Information

To learn more about our MicroCredit PLUS model, visit http://discoverhopefund.org/what-we-do/our-goals

For our 2010 Annual Report, see http://discoverhopefund.org/eval