Lucila is 30 years old and a single mother of two young children. One is four years old and the other is five months old. Lucila has a store where she sells replacement parts for heavy vehicles. She has been working in this job for five years. Previously, she learned the trade by working for another person in the same business.
A loan will help Lucila buy more products to sell, including transmissions, brake drums, stabilizers and supports. Her dream is to expand her business by adding a hardware supply section to her store.
Lucila is receiving an individual loan as a member of the village bank "Maria Auxiliadora" in Cusco, which is located in the South Andean region of Peru. The bank is in its 10th 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).