Update on Maria TeresaMaría Teresa continues in the “Los Solidarios” communal bank and manufacturing paintings. Her work day starts at 8am and ends at 6pm, Monday through Saturday. She’s been employed by this private firm for several years now and she does very well at work thanks to the effort she puts into it. She gets ahead by means of this job. Her dream is to finish building her house. She requests this loan to buy building materials and supplies like sand and cement to finish building her house. She’s happy about the loan and commits to make her payments.
Previous Loan DetailsThis member belongs to the communal bank Los Solidarios. The bank is located in the district of Urubamba, within Urubamba province, in the department of Cusco. She works for a company where she makes arts and crafts such as paintings, pictures, and necklaces. She works from 8:00 am to 6:00 pm.... More from Maria Teresa's previous loan »
Important InformationAbout 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).
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About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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