Delia has been a client of Asociación Arariwa for about seven years. At this time, she is one of 14 members of the village bank “Los Alamos de la Estacion” located in the Andean highlands of Urcos, Cusco. Delia is 37 years old and is raising her 2-year-old with her partner. Delia makes a living by selling clothing to her neighbors. Delia visits her neighbors’ houses and takes orders, then travels to a neighboring city such as Cusco in order to fulfill her neighbors’ requests.
Delia is requesting a loan in order to pay for the advance purchase of clothing, as well as to support her partner’s construction business. Delia typically has to outlay some capital in order to buy the clothing, then wait for her customers’ payment. Occasionally, her customers delay in paying her back, or require several installments to pay for their order. Additionally, Delia’s partner runs a construction business, and requires working capital in order to pay construction workers.
Delia is pleased to receive a loan and said she is excited about the idea of one day having her own storefront in the main plaza.
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).