Carlos is 33 years old and has three children with his partner. His kids are 5, 7 and 8 years old. While his partner runs a grocery store in Urcos, Carlos dedicates himself to driving a moto-taxi (a three-wheeled vehicle). Depending on how well his business is going, Carlos may drive exclusively in Urcos or go to his hometown in Madre de Dios province, about nine hours away, to earn more money. Sometimes he is away for one or two months. Carlos is requesting a loan in order to do annual general maintenance on his moto-taxi. In the future, he hopes to help his partner expand her grocery business.
Carlos is a member of the village bank "Los Amistosas" in Urcos, which is receiving its fifth loan from Asociación Arariwa. Urcos is located about one hour outside of Cusco in the Andean mountains of Peru.
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).