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

June 9, 2020 - COVID-19 Update:

Kiva has been in contact with Asociación Arariwa to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. Peru has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole. 

As a result, borrowers and Asociación Arariwa may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by Asociación Arariwa. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with Asociación Arariwa to support them and their borrowers through the COVID-19 crisis. Asociación Arariwa is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and Asociación Arariwa, we’re grateful for your continued support through this difficult time. 

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 $42,284,925 $1,481,905,225
Amount of raised Inactive loans $0 $1,126,250
Number of raised Inactive loans 0 1,210
Amount of Paying Back Loans $2,549,800 $149,281,875
Number of Paying Back Loans 1,289 179,901
Amount of Ended Loans $39,735,125 $1,331,497,100
Number of Ended Loans 28,032 1,744,754
Delinquency Rate 100.00% 21.60%
Amount in Arrears $1,525,734 $20,440,223
Outstanding Portfolio $1,059,817 $94,643,367
Number of Loans Delinquent 1,289 72,171
Default Rate 0.03% 1.72%
Amount of Ended Loans Defaulted $13,763 $22,904,325
Number of Ended Loans Defaulted 26 55,701
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $799 $6,189,807
Refund Rate 0.26% 0.63%
Amount of Refunded Loans $108,200 $9,319,500
Number of Refunded Loans 97 8,641

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 80.25% 76.87%
Average Loan Size $443 $394
Average Individual Loan Size $748 $607
Average Group Loan Size $3,731 $1,778
Average number of borrowers per group 10.7 7.8
Average GDP per capita (PPP) in local country $12,000 $5,723
Average Loan Size / GDP per capita (PPP) 3.69% 6.89%
Average Time to Fund a Loan 2.29 days 7.71 days
Average Dollars Raised Per Day Per Loan $193.27 $51.16
  Average Loan Term 4.76 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 21,100 926,294
  Journaling Rate 63.25% 43.37%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.08 0.70

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 36% PY 29.00% PY 26.95% PY
  Profitability (return on assets) -0.96% 1.4% -0.44%
  Average Loan Size (% of per capita income) 12.80% 42.00% 12.16%

Country Fast Facts

Field Partner Staff

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