A loan of $4,025 helped a member to use as business capital, including for a bookstore.

Virgen Del Carmen Group's story

The members of our group, Virgen del Carmen (which is the name of a saint of Peru), are clients of Asociación Arariwa. This communal bank consists of 12 members in Cusco. All the group members live in Cusco. Some of the members are single, while some are married, or live with their common law spouse and have children. The members of Virgen del Carmen are involved in various commercial activities including selling clothing. One of the members is a seamstress and waiter.

One of the members, Edith, was born in Cusco, and lives in Santa Ana, a neighborhood of Cusco. She is 39 years old and married with 2 children. She works as a teacher and also operates a bookstore on Calle Teatro. She makes 2,625 soles per month as a teacher and sells about 7,500 soles per month in books, which is the equivalent of approximately $920 and $2,600. With this loan, she will invest in her bookstore.

All of the members of Virgen el Carmen appreciate and thank you for the loan and promise to pay the monthly payments on time.

In this group: Edith, Edith, Lezama Aguilar, Holguer, Miguelina Marlene, Carmela, Alina, Janet, Higidia, Maritza, Aydee, Renato

Loan details

Lenders and lending teams

Loan details