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