Our client Dora is part of the Los Diamantes communal bank. This bank, whose name means “The Diamonds” in English, consists of 32 members all hailing from the Cuzco area. Dora is a 44-year-old mother of three and she lives with her children and spouse in the city of Cuzco.
To make a living, Dora engages in a number of activities. For one, she offers cell phone use for a fee to passersby on the street, somewhat like a modern-day walking payphone. As the Peruvian school year started up in March, Dora also sold school supplies for a few weeks this year. Her real dream, though, is to sell artisan goods. Dora plans to use the loan she receives from Kiva to start up her own business making and selling artisan goods. Specifically, she hopes to buy a machine to help her weave.
Dora is appreciative and 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).