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Julio is one of 21 members of the village bank “Sumac Ayllu” located in the Andean highlands of Cusco. Julio is 45 years old and married with three children who are 15, 18, and 22 years old. He has worked as a taxi driver for ten years while his wife operates a bakery out of their home.

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.

Additional Information

Important Information

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).

About Peru

  • $12,000
    Average annual income
  • 116
    View loans »
    Peru Loans Fundraising
  • $60,091,700
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Julio to purchase bakery materials such as flour, sugar, lard, and firewood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 21, 2012
Feb 24, 2012
Currency Exchange Loss:
Jul 15, 2012