Ruth Meri is a 24-year-old single woman with no children. She is a member of the María Auxiliadora community bank, which is comprised of eleven members all hailing from the San Sebastian neighborhood of Cusco. Ruth Meri says that she has been trained to work in the tourism industry, but because of the low tourist season she is now selling fruit in the Feria de Productos market in Cusco. She sells fruit that comes from the Puerto Maldonado region of Peru, and she buys the products wholesale. She says that she took over her mother’s business selling fruit when the tourism industry started going bad. Ruth Meri earns between 300 and 500 soles ($100-166 USD) each weekend in this business.
Ruth Meri will use the Kiva loan to buy more fruit to sell so that she can increase her profits from this business. She 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).