The member belongs to the “Pro Desarrollo” cooperative bank, which is located in the Pisac district of the province of Calca.
Her name is Julia Rosa and she is 35 years old. Julia Rosa is married and has three children. She is requesting the loan to invest in her business of selling drinks on the street in Pisac. Julia Rosa has a small cart where she can make different sorts of traditional Peruvian drinks from barley to mates and quinoa, and she will use her push cart to sell these drinks. Generally in Peru, people will come to her cart to have a drink for around one Nuevo sole and stand by the cart until the drink is finished, handing her back the glass.
Julia Rosa commits to making her loan 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).