Margarita is 47 years old and married with four children. She has a small stand in the local market in her town where she sells bread every day of the week. She bakes all of her own bread fresh daily and is especially known for her sweet bread. She is asking for a $1,200 loan in order to build a new oven in the kitchen of her house. Currently, she must rent an oven outside of her house to make bread and a new oven will save her time and money in the long run. Specifically, she will buy cement, wood, and other materials to build her oven. Margarita 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).