Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

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.

With a market presence spanning the Cusco, Arequipa, Puno, Apurimac and Madre de Dios regions, Arariwa provides financial and business development services to approximately 14,000 low-income entrepreneurs. The organization is distinguished by its efforts to reach the very poor, who often live in isolated rural communities located four to five hours outside major cities or at altitudes above 4,000 meters.

In addition to disbursing loans, Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers). The organization's services are tailor-made for micro-enterprise owners who prefer to borrow in groups.

By encouraging development of village banks, Arariwa seeks to create a space where low-income borrowers can learn to generate their own savings, profit from the earned interest, and share experiences and business advice with one another. Today, it supports more than 1,000 village banks in Peru.

Arariwa constantly strives to serve more niche and vulnerable populations. Recent initiatives include a program to assist people with disabilities, and participation in a pilot project to help Peru's poorest citizens lift themselves out of poverty.

Over the next three years, Arariwa will work toward the following goals:

1) Reach the poorest segments of Peru's population.

2) Achieve sustainable finances and portfolio growth.

3) Improve client satisfaction.

4) Continue applying communal banking methodology, and optimizing internal processes like risk management and human resources.

Arariwa's services are guided by the following tenets: 

Mission: Contribute to improving quality of life for low-income women and their families by pairing secure, affordable financial services with education.

Vision: To be a leader in microfinance by targeting poverty in southern Peru with services that are sustainable, effective, transparent and efficient.


Integrity and respect -- Treat colleagues and clients with respect, courtesy and kindess. Respect their cultures, beliefs and customs in both actions and words.

Honesty and transparency -- Manage information honestly and capture accurate data about clients. Handle client accounts with care and provide accurate and clear information to colleagues and clients alike.

Excellence and commitment -- Internalize the mission, vision and objectives of the institution. Follow institutional norms and processes, and be responsible, competent, proactive and organized in one's work.

Collaboration and solidarity -- Work as a team with common goals and interests. Support colleagues in problem resolution. Demonstrate a desire to help colleagues and clients improve. Trust in the capabilities of one's colleagues.

Want to get more involved with Arariwa? Join the Kiva lending team: Amigos/as de Asociación Arariwa. Or make a loan to one of Arariwa's borrowers by clicking here.

Want to learn more about village banks? Check out this Spanish-language video:

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 30, 2008 Oct 12, 2005
Total Loans $12,582,225 $605,692,300
Amount of raised Inactive loans $0 $556,050
Number of raised Inactive loans 0 462
Amount of Paying Back Loans $1,623,250 $120,357,850
Number of Paying Back Loans 932 129,783
Amount of Ended Loans $10,958,975 $484,778,400
Number of Ended Loans 12,467 612,884
Delinquency Rate 1.97% 4.05%
Amount in Arrears $18,550 $3,183,813
Outstanding Portfolio $941,512 $78,590,312
Number of loanDelinquent 47 13,778
Default Rate 0.04% 1.11%
Amount of Ended Loans Defaulted $4,445 $5,357,098
Amount of Ended Loans $10,958,975 $484,778,400
Number of Ended Loans Defaulted 11 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $2 $572,888
Refund Rate 0.46% 0.75%
Amount of Refunded Loans $58,350 $4,553,925
Number of Refunded Loans 84 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 78.96% 74.22%
Average Loan Size $439 $419
Average Individual Loan Size $576 $656
Average Group Loan Size $3,953 $1,830
Average number of borrowers per group 11.6 8
Average GDP per capita (PPP) in local country $6,715 $3,424
Average Loan Size / GDP per capita (PPP) 6.53% 12.23%
Average Time to Fund a Loan 2.97 days 5.7 days
Average Dollars Raised Per Day Per Loan $147.61 $73.42
  Average Loan Term 4.03 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 10,458 302,242
  Journaling Rate 64.41% 42.38%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 0.11 1.83

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% PY 29.00% PY 33.28% PY
  Profitability (return on assets) -1% 1.4% -1.42%
  Average Loan Size (% of per capita income) 12.80% 42.00% 38.08%

Country Fast Facts

Field Partner Staff

Boris Flores
Karla Dyan Pineda Moscoso
Ninoska Saravia Cunza
Rolando Villanueva Florez
Hugo Yanque Martínez