Neila is a 19-year-old university student who is trying to finance her degree in international business administration. She has two years of university remaining ahead of her and would one day like to administer her own business. Neila is not sure what type of business she would like to run in the future. In the meantime, Neila is opening a restaurant that specializes in serving chicken. She has already found a storefront, but she needs a loan in order to pay for serving plates, bowls, utensils, tables, and an oven. With this loan, she hopes to continue supporting herself and her education.
Neila is one of 14 members of the village bank “Los Alamos de la Estacion” located in the Andean highlands of Urcos, Cusco.
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).