Cristina is one of twenty-one members of the village bank, “Sumac Ayllu”, located in the Andean highlands of Cusco. Cristina is 53 years old and married. Her eight children are all now living independently with their own families.
For the last eight years, Cristina has run a restaurant from her house. She serves a complete lunch menu offering “sopa y segundo” (soup and main course) to hungry customers. She says that her most popular dishes are steak, barbecue, and lomo saltado, a popular Peruvian dish of stir-fried beef, potatoes, and tomatoes.
Cristina’s restaurant is missing some necessary equipment. With her loan, she plans to buy a large pot as well as more plates and utensils. Her dream is to open a large restaurant in an independent location.
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).