Maria Luisa has a business selling cheese. She purchases the cheese from local producers near her hometown and then brings it to Macchu Picchu to sell. Macchu Picchu is the famous Incan citadel located several hours away from Maria Luisa's hometown. The ancient ruins attract many tourists throughout the year, ensuring that Maria Luisa will be able to find customers in the busy community that has sprung up around the area. A loan will help Maria Luisa purchase more cheese at wholesale prices.
Maria Luisa is receiving an individual loan as a member of the village bank “Solidaridad-Ccachimayo,” which 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).