{"id":11549,"date":"2017-06-16T19:43:38","date_gmt":"2017-06-16T17:43:38","guid":{"rendered":"http:\/\/www.fundacionmicrofinanzasbbva.org\/en\/?p=11549"},"modified":"2019-12-04T12:47:54","modified_gmt":"2019-12-04T11:47:54","slug":"better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/","title":{"rendered":"A better future for their children: the dream come true for women living on a Peruvian hilltop"},"content":{"rendered":"<p>To understand the reality of over 450,000 people served by the BBVA Microfinance Foundation in Peru, a visit to San Juan de Lurigancho, the most populous district in the country, is mandatory. Over 1.2 million people live in this district, many of them poor, and some very poor.<\/p>\n<p>The <strong>CEO of BBVA, Carlos Torres<\/strong>, and the <strong>CEO <\/strong>of <strong>BBVAMF, Javier M. Flores, <\/strong>have made it to one of the hills in this town which can only be reached by a beaten earth track.<\/p>\n<p>\u201cYou have to see this for yourself to understand it\u201d, the Foundation\u2019s CEO noted. It is precisely in a place like this where stories of many women shine, women who \u201cstruggle everyday to achieve better living conditions for their families and forge a future for their children\u201d.<\/p>\n<p>There they met the group \u201cNeighbors together, forever\u201d, formed in solidarity by seven enterprising women who improve their businesses thanks to group loans. Every so often, they get together <strong>to share news on their progress and plan their next steps<\/strong>. This enables Elisa to sell beauty products, Lourdes to weave garments, Carmen to sell bread, Melissa to sew\u2026 comforted in knowing that<strong> they are not alone when faced with the installments.<\/strong><\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 33%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div id='gallery-1' class='gallery galleryid-11549 gallery-columns-3 gallery-size-large'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/1-6\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/1-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15710\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/1-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/1-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/1-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15710'>\n\t\t\t\tCarlos Torres, BBVA CEO, with Javier Flores, FMBBVA CEO, listening to the story of an entrepreneur served by the Foundation\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_3538-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3538-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15704\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3538-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3538-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3538-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15704'>\n\t\t\t\tBBVAMF serves over a million vulnerable women in the region with productive loans, financial education and training\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_3686-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3686-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15705\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3686-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3686-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3686-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15705'>\n\t\t\t\tElena Ayala, entrepreneur of Financiera Confianza, with one of her daughters in her store\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_3734-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3734-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15706\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3734-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3734-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3734-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15706'>\n\t\t\t\tArmandina Villanera, entrepreneur of Financiera Confianza, working with her sewing machine\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_3959-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3959-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15707\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3959-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3959-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3959-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15707'>\n\t\t\t\t30,000 women like them engage in productive activities thanks to the Palabra de Mujer [Woman\u2019s Word] programme run by Financiera Confianza\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_3986-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3986-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15708\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3986-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3986-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_3986-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15708'>\n\t\t\t\t\u201cNeighbors together, forever\u201d is formed in solidarity by seven enterprising women who improve their businesses thanks to group loans\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a rel=\"gallery[pp_gal]\" href='https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/dsc_4070-2\/'><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_4070-1-1024x683.jpg\" class=\"attachment-large size-large\" alt=\"\" aria-describedby=\"gallery-1-15709\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_4070-1-1024x683.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_4070-1-180x120.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/DSC_4070-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-15709'>\n\t\t\t\tMart\u00edn Naranjo, General Manager of Financiera Confianza, Carlos Torres, BBVA CEO and Javier Flores, FMBBVA CEO in San Juan de Lurigancho, Peru\n\t\t\t\t<\/dd><\/dl>\n\t\t\t<br style='clear: both' \/>\n\t\t<\/div>\n\n<p><strong>30,000 women like them engage in productive activities thanks to the Palabra de Mujer<\/strong> [Woman\u2019s Word] programme run by Financiera Confianza, the BBVAMF institution in Peru. It has been granting group loans (USD350 on average) and training since 2008 so that vulnerable women can support their families with a business of their own. \u201cInitiatives like this represent a real opportunity for poor and extremely poor women to access the financial system\u201d, stated Carlos Torres after his visit.<\/p>\n<p>Women\u2019s empowerment is a necessary step to close the global gender gap. According to the <a href=\"http:\/\/www.mckinsey.com\/global-themes\/employment-and-growth\/how-advancing-womens-equality-can-add-12-trillion-to-global-growth\" target=\"_blank\" rel=\"noopener\">McKinsey Global Institute<\/a>, <strong>greater gender equality in the world would add 26% to global GDP and 34% to Latin America\u2019s.<\/strong> BBVAMF is aware of this and serves over a million vulnerable women in the region with productive loans, financial education and training so that they can move forward with their businesses. \u00a0\u201cThey are an example of dignity and fortitude, and only need a small incentive to achieve great results\u201d, comments Javier M. Flores. He added that \u201cthey have the enthusiasm, the skills and the endurance to get on, earning the respect of their families and their communities\u201d. The figures back this up as well: in 2016, seven out of ten customers of the Foundation who escaped poverty were women.<\/p>\n<h3><strong>The impact of BBVAMF, visible in the next generation <\/strong><\/h3>\n<p>The work of the Foundation, which accompanies the effort of almost 2 million vulnerable people, has an impact on the following generations. With the support of Financiera Confianza, Elena Ayala has managed to put <strong>her four children through university.<\/strong> Today, one of her sons is a mathematician, another an engineer, one daughter is a microbiologist and the youngest has a degree in business administration.<\/p>\n<div id=\"attachment_11556\" style=\"width: 690px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-11556\" class=\"wp-image-11556 size-large\" src=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Elena-Ayala-emprendedora-de-la-FMBBVA-muestra-orgullosa-las-fotos-de-sus-cuatro-hijos-graduados-1024x910.jpg\" width=\"680\" height=\"604\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Elena-Ayala-emprendedora-de-la-FMBBVA-muestra-orgullosa-las-fotos-de-sus-cuatro-hijos-graduados-1024x910.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Elena-Ayala-emprendedora-de-la-FMBBVA-muestra-orgullosa-las-fotos-de-sus-cuatro-hijos-graduados-180x160.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Elena-Ayala-emprendedora-de-la-FMBBVA-muestra-orgullosa-las-fotos-de-sus-cuatro-hijos-graduados-768x683.jpg 768w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><p id=\"caption-attachment-11556\" class=\"wp-caption-text\">Elena Ayala, entrepreneur of the\u00a0BBVAMF, \u00a0proudly\u00a0shows photos of her\u00a0four graduated children<\/p><\/div>\n<p>She was proud to tell this to Carlos Torres, who also met Armandina Villanera. This enterprising single mother paid for her two children\u2019s education <strong>thanks to a sewing machine <\/strong>and the support of BBVAMF in Peru. The CEO accepted the seamstress\u2019 invitation to sit down at the \u201cwheels\u201d of her machine while she explained how she makes 1,000 backpacks a week.<\/p>\n<p><strong>&#8220;The merit of these individuals lies in their hard work and their desire to prosper &#8220;<\/strong>, said Carlos Torres, impressed by the stories of the entrepreneurs he met. They are a tiny sample from the nearly half a million people who progress with their businesses and provide for their children with the support of BBVA Microfinance Foundation in Peru. \u201cThere is a lot more to do, but we receive impulse from the people we serve\u201d, pointed out the CEO of the Foundation. Impulse such as the one heard from one of the entrepreneurs he visited, who assured him: &#8220;Nobody does what you do\u201d.<\/p>\n<div id=\"attachment_11564\" style=\"width: 690px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-11564\" class=\"wp-image-11564 size-large\" src=\"http:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Armandina-emprendedora-de-la-Fundaci\u00f3n-confecciona-1000-mochilas-a-la-semana-1024x715.jpg\" width=\"680\" height=\"475\" srcset=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Armandina-emprendedora-de-la-Fundaci\u00f3n-confecciona-1000-mochilas-a-la-semana-1024x715.jpg 1024w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Armandina-emprendedora-de-la-Fundaci\u00f3n-confecciona-1000-mochilas-a-la-semana-180x126.jpg 180w, https:\/\/www.fundacionmicrofinanzasbbva.org\/wp-content\/uploads\/2017\/06\/Armandina-emprendedora-de-la-Fundaci\u00f3n-confecciona-1000-mochilas-a-la-semana-768x536.jpg 768w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><p id=\"caption-attachment-11564\" class=\"wp-caption-text\">Armandina, a\u00a0Fundation&#8217;s entrepreneur, makes\u00a01,000 bags\u00a0per week<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>To understand the reality of over 450,000 people served by the BBVA Microfinance Foundation in Peru, a visit to San Juan de Lurigancho, the most&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/\" title=\"Read A better future for their children: the dream come true for women living on a Peruvian hilltop\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":13,"featured_media":11579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[651],"tags":[1798,1797,1041,1053],"class_list":["post-11549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutional-activity","tag-credito","tag-emprendedoras","tag-palabra-de-mujer-en","tag-women-2","paises-peru"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A better future for their children: the dream come true for women living on a Peruvian hilltop - Fundaci\u00f3n Microfinanzas BBVA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/en\/better-future-for-their-children-the-dream-come-true-for-women-living-on-peruvian-hilltop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A better future for their children: the dream come true for women living on a Peruvian hilltop - Fundaci\u00f3n Microfinanzas BBVA\" \/>\n<meta property=\"og:description\" content=\"To understand the reality of over 450,000 people served by the BBVA Microfinance Foundation in Peru, a visit to San Juan de Lurigancho, the most... 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