Yngrid is 28 years old and lives with her boyfriend. She works in a small hostel called Jamanga in the city of Calca, outside of Cusco city. Depending on the day, she works as either a cook or she cleans the common areas and rooms of the hostel. She is asking for a 1,000 dollar loan in order to invest in her mother's bread baking business. Her mother makes her bread herself and then sells it in the local market in Calca. Yngrid plans to purchase flour, sugar, and eggs for her mother. She 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).