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Carmen
Carmen is 44 years old, in a common law marriage, and has five children. She lives in the community of Rumichaca in the city of Urubamba. Her main business activity is processing and selling dried fermented corn that is used as a malt for preparing “chicha de jora” (a traditional Incan beverage).


In order to make chicha, the first step is producing the malt (otherwise known as “malting”). The malt is produced in a series of phases. First, the corn is soaked in a rectangular stone well ten inches deep for 12-14 hours. The soaking water is periodically replaced to remove any grass or other debris. The entire process can last between 8 to 15 days. The corn is then provided enough exposure to the sun until it germinates. Carmen sells the processed corn to her customers who use it for making chicha.


Carmen participates in her Communal Bank and has done very well because she is a responsible person who is prompt with her payments. She needs a loan to buy more corn.


Carmen is grateful for the opportunity that has been provided. Therefore, she promises to complete her payments by the established deadlines.

View original language description ↓
Carmen, tiene 44 años, es conviviente, tiene cinco hijos y vive en la comunidad de Rumichaca de la ciudad de Urubamba. Su principal actividad económica de Carmen es la elaboración y venta de jora o maíz fermentado y con esta malta se produce la chicha de jora. Para la elaboración de la chicha la primera etapa es producir la malta; esta acción es conocida como malteo. El malteo también tiene una serie de fases. Remojo: se realiza en pozos de piedra rectangulares de 10 centímetros de altura y dura aproximadamente 12 a 14 horas. En la misma poza de remojo se elimina el agua y se coloca ichu, y sobre el ichu se riega periódicamente. Esta operación dura entre 8 a 15 días. Secado: basta la exposición al sol y se obtiene el maíz germinado o Jora. Carmen vende Jora a sus clientes quienes elaboran la chicha de maíz.

Carmen participa en el banco comunal y le va muy bien porque es una persona responsable y puntual al momento de pagar sus cuotas, ella requiere el préstamo para comprar más maíz.

La socia se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

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Important Information

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).

About Peru

  • $6,715
    Average annual income
  • 104
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Carmen purchase corn for processing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2010
Listed
Jul 9, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011