Gerardo is 21 years old and runs a small computer repair business with his brother. They do not have a formal shop. Rather, clients contact them when they have problems and make arrangements to bring the equipment to the brothers. At the same time, Gerardo is studying orthodontics, a degree which takes about 5.5 years to complete. Gerardo is requesting a loan to purchase computer repair equipment such as cables and memory cards. In the future, he would like to open a stand where he can offer technical services.
Gerardo is receiving an individual loan as a member of the village bank "El Sr de los Temblores III" in Cusco, which is located in the Andean mountains at 3,400 meters above sea level. The bank is in its first cycle with Asociación Arariwa, although some group members were previously members of other village banks.
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).