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Eulalia
Eulalia belongs to the “Virgen Asunta de Racsa” communal bank in the city of Cusco, Perú. She’s married and has three children two of which are school age. The oldest is in the first years of university.

Eulalia is a wholesale potato merchant, work she’s been doing for many years. Eulalia carries out this demanding work all day from very early in the dawn hours when she receives her merchandise from producers until late at night when commercial activity at the wholesale market ends. Eulalia comments that this sacrifice is for her family, to offer her children a better education which is an investment she considers to be of utmost importance and to some day in the not too distant future to see them all become professionals working in less physically demanding jobs.

On this occasion, she will use the loan to capitalize her business buying different species of potatoes at wholesale to cover market and customer demand. Her main customers are other small stores, supermarkets, hotels and restaurants.

Eulalia is very grateful to KIVA for allowing her to stay in business and provide sustenance for her home and to provide a good education for her children which is Eulalia’s greatest dream: that they all become professionals.
View original language description ↓
La socia es la señora Eulalia, ella pertenece al banco comunal “Virgen Asunta de Racsa” de la ciudad del Cusco – Perú. La socia está casada y tiene 3 hijos, dos en edad escolar y el mayor en la los primeros años de la universidad, Eulalia se dedica al comercio de papas al por mayor, trabajo que viene realizando hace muchos años, Eulalia realiza este sacrificado trabajo durante todo el día, desde muy temprano en la madrugada al momento de recibir la mercadería de los productores, hasta horas de la noche que termina el movimiento comercial en su centro de abastos. Eulalia nos comenta que este sacrificio es por su familia, para ofrecerle mejor educación a sus hijos, inversión que ella considera que es lo más importante, y algún día no muy lejano poder sacarlos profesionales a todos, y trabajen en un trabajo menos duro físicamente.

La socia Eulalia en esta oportunidad invertirá su préstamo para capitalizar su actividad y comprará diferentes especies de papas al por mayor, para cubrir su mercado y demanda, los cuales son otros pequeños mercados, súper mercados, hoteles y restaurantes.

La socia Eulalia está muy agradecida con KIVA por permitirle mantenerse con su actividad, llevar el sustento a su casa y proporcionarles una mejor educación a sus hijos que es el gran sueño de Eulalia, sacarlos profesionales a todos.

Additional Information

Important Information

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).

About Peru

  • $6,715
    Average annual income
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Eulalia to buy various kinds of potatoes at wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013