Maxima is a member of the Immaculada Concepción Village Bank and lives in the small Peruvian jungle town of Pilcopata, about eight hours from the city of Cusco. She is 53 years old and married with three children, one of whom still lives at home. Maxima brings rice and fruit (pineapples, bananas, papayas, oranges, mandarins and yuccas) from her town to the city of Huancarani (several hours away) to sell. She has been selling fruit for the past three years. She travels from Pilcopata to Huancarani each Sunday with her boxes of fruit and bags of rice, which she sells from a kiosk she owns in the Huancarani market.
Maxima is requesting a loan of 3000 soles. She plans to use most of the money to buy pineapples. She will sell each pineapple for 3.50 to 4 soles, depending on the size. Maxima has been a member of her village bank for the past three years, and has always been a very responsible client. She has pledged to repay this loan in full and on time.
Maxima recently achieved an important goal she had set for herself! She just finished building her own home.
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).