The doTERRA Healing Hands Foundation™ is pleased to be committed to a unique targeted microcredit lending project in partnership with Mentors International: the Piura Project. This project features donations from the Healing Hands Foundation for a microcredit lending fund to assist clients in the area become entrepreneurs.
Piura is a large coastal city in northern Peru with a population of about 400,000 people. Piura is the oldest Spanish city in South America and is known for its mineral and agricultural resources.
The people of Piura are proud of both their rich cultural heritage and the progress their city and country have made towards modernization and international relations. A generous people anxious to end cycles of poverty and neglect, they simply need a helping hand to create a sustainable solution for the economically disenfranchised in their community. Infrastructure is growing and services are improving in Piura, but there are still many of the poor who are being left behind.
The doTERRA Healing Hands Foundation, in partnership with Mentors International, has identified Piura as an ideal city to make a significant, even transformational, impact with microcredit funding. Working closely with supportive city and state government leaders, Mentors International and the Healing Hands Foundation have firmly established the framework for administering microcredit loans and providing small business training in Piura.
In September 2012, the doTERRA Healing Hands Foundation committed a legacy donation of $100,000 to a microcredit lending fund in Piura. Since then, nine community banks have been built using this fund. In the time of operation since the doTERRA Healing Hands Foundation’s initial donation, over 7,580 individuals have been impacted with 1,050 new jobs created. Since December 2012, over $314,000 have been dispersed in loans. As the funds are loaned, paid back, and loaned again, the community in Piura will be perpetually lifted for years to come. Thank you for supporting the Piura Project through your donations to the doTERRA Healing Hands Foundation.