Avelina Margot has been selling accessories and beauty products to friends and neighbors for the last 7 or 8 years. She is 45 years old and married with two children. A loan will help Avelina Margot invest in more beauty products, as well as shoes and purses. She says that her dream is to have her own stand where she can sell her wares.
Avelina Margot 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).