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Sra. Josefina is a member of the Communal Bank “Tercer Milenio” (Third Millennium) which is located in the District and Province of Urubamba, Department of Cusco.

She is 65 years old, married, and has five children, all of whom are independent. Josefina has a vending stall at the central market in Urubamba where she sells “chicha D. maiz” (a beverage maD. from corn). She also sells from her home on Saturday and Sunday afternoons. Josefina says she works to keep from getting bored and that her children help her. Upon receiving her loan from the Communal Bank, she says she will invest in the purchase of corn, rice, oil, corn, and other products. As a result, she will earn enough to cover her monthly payments and also give some money to her children. Josefina wants to continue her business as long as she has the strength to make it possible. The loan she is requesting will be used to buy rice, sugar, noodles, and corn.

Josefina is happy with the loan being provided and promises to complete her payments on time.

View original language description ↓

La socia pertenece al banco comunal “TERCER MILENIO”; Este banco está ubicado en el distrito D. Urubamba, provincia D. Urubamba, Departamento D. Cusco.

La socia es la Sra: Josefina; La socia tiene 65 años D. edad, la socia es casada; la socia tiene 5 hijos (todos ellos independientes), la socia tiene un puesto D. venta en el mercado central D. Urubamba, ella venD. chicha D. maíz, la socia también venD. en su casa los días sábados y domingos por la tarD., la socia nos comenta que ella hace esto para no aburrirse, y que sus hijos le apoyan; la socia comenta que con el crédito que ella saca del banco comunal mediante este medio, la socia pueD. invertir en la compra D. azúcar, arroz, aceite, maíz, entre otros y que con lo que le rinD. ella pueD. pagar sus cuotas mensuales y también sus hijos le dan, La socia desea seguir con su negocio hasta dónD. la fuerza le sea posible D. llevar. La socia solicita el préstamo para invertir en la compra D. arroz, azúcar, fideos, maíz.

La socia está feliz con el préstamo otorgado y se compromete a cumplir con el pago D. sus cuotas en el plazo establecido.

Additional Information

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

  • $12,000
    Average annual income
  • 170
    View loans »
    Peru Loans Fundraising
  • $60,193,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Josefina to purchase rice, sugar, noodles, and corn.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Mar 8, 2011
Mar 11, 2011
Currency Exchange Loss:
Aug 15, 2011