Aniceto is 50 years old and married with three children, a 15-year-old daughter and two sons who are 8 and 13 years old. Aniceto raises livestock for meat and milk. His current herd consists of five cattle and one calf. He has developed his business over about six years and is requesting a loan in order to buy more cows. He estimates that a young calf costs 700 to 800 soles (about $250 USD) to acquire. His dream is to continue expanding his herd, as well as to purchase lambs that he can fatten and sell at the market.
Aniceto is a member of the village bank “Sr. de Ccoylloritty de Ocongate,” which is receiving its eighth loan from Asociación Arariwa. The group members live in a fairly remote rural community several hours outside of Cusco city, located at an altitude of 3,800 meters up in the Andean mountains.
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).