Josefina runs a bar and restaurant serving fried pork in the Santiago neighborhood of Cusco. She is forty-seven years old and single, and has run this business for over a year now. She is requesting a loan in order to purchase more beer and soft drinks for her restaurant. She says that the high season begins after Mother’s Day, and she wants to be ready for an increase in sales. Her dream is to open up 2-3 other branches of her restaurant.
Josefina 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).