Post-Study Project description

Following the Investigation phase, SOLAC put all the data together and wrote a diagnostic paper to complete the first stage of the project. Based on the results of the study, the Pilot Project will be carried out with two groups of beneficiaries; one group in the community of Unión Perú and another in Santa Isabél de Huachipa.

Beneficiaries

Each pilot group will be comprised of between 10 to 15 people, who will preferably be women, as in the experience of microfinance they have been found to be more responsible borrowers, both in repayment and in using the loan to benefit the family as a whole. Additionally the series of training and workshops which the beneficiaries will take part in are generally of greater interest to women (such as self-esteem workshops).

Loans

Each beneficiary will receive a loan of between 100 and 400 Nuevos Soles (23-92 Euros), depending on their need and their capacity to repay. Reimbursements will take place once a month over a lending period of six months.

Workshops

The loans will be complemented by a series of other services. There will be six training and workshop sessions on business skills and personal development and awareness throughout the entire lending cycle. We also decided to start with three workshop sessions before the disbursement of the loans, with the aim of developing a comfortable environment and strong group dynamic within the group and between the group members and SOLAC before the disbursement of the loans.