Julio is requesting a loan to support the expansion of the family bakery through the purchase of materials such as flour, sugar, lard and firewood. With this loan of 1500 PEN from Asociación Arariwa, Julio and his wife hope to continue growing their business into a larger enterprise, so that they can open a large bakery with an electric oven in the city center.
Important InformationAbout 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).
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Success!! The loan was 100% repaid