Carmen, 27, is a single woman living in Cusco. She is part of the Amancaes group. She works for a tourism agency here in the city and also owns a small grocery store called “Multiservicios Nelli’s” in the neighborhood of Santiago. In her grocery store, she sells various foods and products for the local community after buying all of the goods wholesale. Each day she makes between 40 and 50 soles (about $13 to $17) in earnings from her bodega, or small shop.
With the loan she receives from Kiva, Carmen hopes to better her business by buying more products for the store. Specifically, with the Christmas season approaching, she will purchase various holiday foods and items to sell.
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).