This member belongs to the “Nueva Luz” cooperative bank, which is located in the Cusco district of the province of Cusco. Her name is Karla and she is 20 years old. Karla is single and doesn’t have any children.
She is engaged in the sale of Christmas merchandise, from wrapping paper to Christmas bags and ribbons and other decorations. She buys her products wholesale on the border of Chile in Tacna, Peru. She also sells energy-saving light bulbs in the Baratillo section of Cusco. She plans on investing the loan in the purchase of more merchandise to sell for the holidays.
She is very happy with the loan granted, and commits to making her payments within the established time frame.
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).