Ayde has been selling replacement parts for heavy vehicles for about fifteen years. She is a single mother and is thirty-five years old. She is raising four children, the oldest of which is in university. Her youngest two children are in primary school. A loan will help Ayde purchase more merchandise such as brake drums, front and rear springs, and tires. Her dream is to become a wholesale distributor.
Ayde 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).