Edgar, our member, is 37 years old and has 2 children. He is a master baker and has two bakeries which is his principal economic activity. He starts work at 4 in the morning and goes until 11 at night every day. He needs the loan to increase his capital and buy a machine that costs 7000 soles ($2500 dollars). This member is new and is interested in continuing in the community bank.
El socio Edgar, tiene 37años y tiene dos hijos. El socia es maestro panadero y tiene dos panaderías pues es su actividad económica principal, el empieza su trabajo a las 4 de la mañana hasta las 11 de la noche todos los días. El requiere el préstamo para aumentar el capital para comprar una maquina que cuesta aproximadamente S/. 7,000 soles. El socio es nuevo y le interesa continuar en el banco comunal.
About 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).