Roberto is a contractor who works in housing construction. He is 34 years old and has two children, both in primary school. He is requesting a loan in order to make payments on a plot of land he recently purchased. He is planning to build a house for his family on the land. He looks forward to seeing his house completed, and hopes that he will continue to have a secure job in the future.
Roberto 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).