Matilde is 46 years old and married with four children. She alternates her time between a couple of business endeavors. Her primary business for the purposes of this loan is the raising of chicks and hens. She has 700 chicks and 100 hens now. While she raises the hens to sell at the market, she mostly sells the chicks to other people, who then raise and fatten them. A loan will help Matilde purchase more chicks, which she plans to distribute amongst her neighbors to make a profit. Her dream is to have a large poultry farm.
Matilde has a second job finishing artisanal goods, primarily alpaca knitwear, such as sweaters. These products are then exported to Switzerland and Japan.
Matilde is receiving an individual loan as a member of the village bank "Comuzone I" in Cusco, which is located in the Andean mountains at 3,400 meters above sea level. The bank is in its 17th 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).