Impacted Last Year
Established in 2003 in Peru, Mentors International works with many types of businesses, helping entrepreneurs to uplift their lives and the lives of those around them. The country’s economy is heavily tied to mining, fishing, agriculture, and textiles, which have helped to improve poverty rates throughout recent years.
Unfortunately, 26% of the population still lives below the poverty line, struggling to survive on $5.50 or less per day. (source: World Bank) The rural areas of Peru are the poorest, leaving many families unable to even sustain, much less improve, their situations.
Peru has been severely affected by the COVID-19 pandemic. A strict generalized quarantine led to a GDP decline of 17.4% in the first half of 2020. According to the World Bank High-Frequency Surveys, Peruvian households experienced one of the largest employment and income losses in the Latin American Countries. Employment losses and risk aversion will affect consumption during the rest of the year, while uncertainty will continue to hamper the recovery of this country.
Through mentoring, training, and financial solutions, these individuals and families are able to start businesses, find jobs, decrease debt, and increase savings. Ultimately, they are able to transform generational poverty into sustainable self-reliance. As their prosperity increases, they in-turn uplift and empower others in their communities, even in the midst of this pandemic.
In Peru, we’ve also formed partnerships with Operation Underground Railroad and the Utah State University SEED Internship Program. The interns teach and mentor those rescued from human trafficking, helping them gain the skills, confidence, and financial solutions that they need to truly thrive.