Rosalio is 46 years old and single with one child. He has a small grocery store in Urubamba in which he sells all kinds of groceries. He also has a small farm at his house where he produces corn and vegetables. At times he travels to Cusco in order to sell the corn that he has grown on his farm.
With his $1,000 loan, Rosalio plans to purchase all types of groceries so that he may expand his grocery store. He is hard working and committed to making all the necessary payments.
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).