Arianne and Joshua have started an afternoon tutoring program and educational resource center called HYPE -- "Helping Young People Excel" -- in a shopping center in New Orleans East within a two-mile radius of five public elementary schools and two public high schools. Arianne and Joshua have a combined experience of working with children of all ages for 16 years, Arianne as a credentialed sixth grade math and science teacher and Joshua as the organist and mentor for young congregants at their church.
This past summer 2011 they ran a successful summer school program and helped 25 kids, some of whose reading levels jumped several grades. Starting in January 2012, Arianne will be home-schooling several children during the school day at HYPE's facility. HYPE will distinguish itself from other tutoring services by offering a personalized approach geared to each individual student and his or her learning abilities.
Joshua and Arianne will use their Kiva loan to purchase a road side sign, a facade sign for HYPE's store front, plus office equipment and marketing materials. Arianne and Joshua have no children of their own, but over the years they have nurtured the minds of hundreds of children.
About ASI Federal Credit Union
ASI Federal Credit Union has been experiencing an increased rate of defaults. This is possibly related to the experimental nature of the loan products the organization provides. In order to serve asset-poor communities in New Orleans -- including many still recovering from Hurricane Katrina and the BP Oil Spill -- ASI offers loan products designed to help people start and grow businesses even if they don't have extensive collateral, credit histories, or business experience. For these reasons, these loans also carry a higher level of risk than typical loans on Kiva.