Cesar Augusto is a taxi driver in Cusco. He is requesting a loan in order to renovate his car, which is eight years old. For example, he needs to buy new tires for the car. Cesar Augusto is 22 years old and in the future would like to study English, which he thinks will be very useful because Cusco attracts many tourists. One day, he would like to open a travel agency.
Cesar Augusto is receiving an individual loan as a member of the village bank "Las Mercedes de Kataniray" in Cusco, which is located close to the Incan ruins of Macchu Picchu in the Andean mountains. The bank is in its fourth cycle with Asociación Arariwa.
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).