Veronica is 30 years old and lives with her partner. She has one son who is five years old. She is a teacher at a school for small children ages four to seven. In addition, she also runs a small store from her house on the weekends that sells various types of snacks and beverages. She is asking for a loan in order to purchase more snacks and drinks such as chips, cookies, ice cream, and soft drinks. She desires to expand her business and begin selling a larger quantity of products and the loan will help her to do so. Veronica is committed to making the necessary loan payments on time.
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).