Juan Carlos is 22 years old and is studying administration at a local university. He has 1.5 years left to finish his degree. To support his education, he works as a taxi driver. He would like a loan in order to buy books for his classes and also to buy new wheels for his vehicle. His dream is to open a small business 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).