APROCASSI - Microcredit for Emergency Health Care
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Microcredit for Emergency Health Care in San Ignacio, Peru
Program Partner: The San Ignacio Provincial Association of Coffee Producers in Solidarity (APROCASSI) Program Area: Economic Diversification Project Participants: 40 families in 18 communities1; 200 beneficiaries Project Duration: September 2012 – August 2013
The Project • Made small short-term loans available to 40 families to cover emergency health care costs • Helped members and their families meet their emergency medical needs while also building cooperation and mutual assistance with other participating families • Is administered by APROCREDI, APROCASSI’s financial arm, which also manages a fund specifically for this purpose • Offers a low interest rate of 1.2% to participants over a six- to seven- month period • Uses accrued interest to provide more families with microcredit loans for emergency health care Families become members of this fund by contributing an annual participation fee of $18.94 USD. The fee also helps build the fund, thus enabling more families to participate in future years. With interest earned from the 40 original participants in 2013, 2 additional families will be able to receive emergency medical loans in the next loan cycle, thus reaching 42 families in 2014. The project also incorporates a savings component that allows members to set aside small amounts each month so as to create their own fund for future expenses. Long-term sustainability and growth for the project are built on these foundations.
The Partner Founded: 2000 Coffee Kids partner since: 2010 Successes since working with Coffee Kids: • Since 2009: APROCREDI has served as the financial arm responsible for meeting the credit needs of APROCASSI coffee producers and managing loan repayment. APROCASSI projects funded by Coffee Kids are, thus, managed and administered through and with APROCREDI as the financial manager of the project and APROCASSI as the social manager. 1
Exceeds the 16 communities originally proposed