Yenny is a member of the Virgen Asunta Village Bank in the town of Urco, just outside the larger town of Calca and about an hour from the city of Cusco. Yenny is 29 years old and lives with her common-law husband and their two young children. Yenny buys dried corn from local farmers, which she then sells to intermediaries for export. She has been in this business for the past five years, and has been a client of Asociacion Arariwa for about the same time. She started out with a loan of just 300 soles (US $95) and has been able to expand her business significantly since then.
Yenny is requesting a loan of 3000 soles to buy 1000 kilos of dried corn. She has a vision to start a new business in the future. She wants to open a small pharmacy and Internet cafe in Calca. The town currently lacks these services. Yenny has pledged to repay her Kiva loan in full and on time.
About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).