Gloria is a client of Asociación Arariwa. She is member of a village bank with 13 members in Cusco. The group is called Maquimanta Purisun (which means "walking together hand in hand" in Quechua). Gloria is 50 years old and lives in Cusco. She has two children, one in grade school and the other is a technician.
Gloria sells umbrellas and walking canes. She buys her inventory from wholesalers in Lima and then sells them on the Avenida el Sol in Cusco. The rains have just arrived in Cusco and coincide with the upcoming holiday season. Gloria wants to take advantage of the increasing stream of visitors to town during this time of year and is therefore looking for a relatively large loan to buy additional inventory for the winter, her peak business season.
Gloria appreciates and is thankful for the loan and promises to pay the monthly payments 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).