Jose is a 35-year-old taxi driver in the city of Cusco. He drives his own car and has been working in transport for three years. He is requesting a loan in order to replace the tires of his vehicle, and also to pay for repairs in case of accidents. His dream is to move into heavy transport and run a business carrying freight for customers.
Jose is receiving an individual loan as a member of the village bank "Vallecito" in Cusco, which is located close to the Incan ruins of Macchu Picchu in the Andean mountains. The bank is in its 17th loan 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).