Juan Carlos is 29 years old and is a mechanic for motors. He can repair motors from all sorts of vehicles and machinery in his workshop. For example, clients may bring him cars, motorcycles, chainsaws, or water pumps in need of repair. A loan will help Juan Carlos purchase a kit of replacement parts for motors. His dream is to expand his shop to an even larger studio in the future.
Juan Carlos is receiving an individual loan as a member of the village bank "Amistad Cusqueña" in Cusco, which is located in the South Andean region of Peru. The bank is in its third 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).