Geraldine belongs to a village bank called “Señor de Accha.” The bank is located in Pisac, a district of Calca province in the Cusco department. Geraldine is 20 years old and single. She earns a living by selling souvenirs and artisan products at the local handicrafts market, which is very popular among tourists heading to Macchu Picchu. Geraldine’s stand sells a variety of unique and colorful crafts, including alpaca knits and woven textiles, some of which are made by local indigenous groups.
Geraldine is requesting a loan in order to buy handicrafts for her stand. She hopes to expand her business with the loan and is committed to repaying her lenders.
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).