Celia 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. Celia is 56 years old, married, and has two adult children (ages 30 and 36) who now have families of their own.
Celia runs a small restaurant out of her house where she sells “menús del día”, or daily set-priced lunches that usually consist of a soup, drink, and main dish. Celia says that she has a good base of clients that regularly come to eat at her restaurant. In addition to her restaurant business, Celia holds a job working in a clinical lab.
Celia will use the Kiva loan to buy restaurant supplies for her business. She will also use part of the money to meet the monthly rent payments on her house, which she does not own herself.
Celia is appreciative of 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).