A loan of $3,725 helped a member to buy a cow and more stock for her store.

Virgen Asunta Group's story

The village bank “Virgen Asunta” is comprised of fourteen entrepreneurs who live in Izcuchaca, located in the Andean highlands of Anta province. The bank was formed in 2008 and is now receiving its eighth loan from Asociación Arariwa. The majority of its members make their living farming and raising livestock, then selling their produce in local markets.

The president of the village bank is Margot, who is raising her hand in the photo. Margot is 45 years old and married with three children between the ages of 20 and 24. For the last eight years Margot has operated a small store from her house, selling groceries such as sugar, rice, milk and pasta. In addition, she has bought and sold cattle for the last twenty years.

Margot has been a client of Arariwa for several years. She has requested a portion of this group loan of 9950 PEN in order to buy more stock for her store and to purchase a cow. A cow costs about 2,000 soles (about USD $750) at the local livestock market. After raising the cow, she can make a profit by arranging to sell the cow in Lima.

Margot aspires to continue growing her enterprises so that she can qualify for an individual loan in the future.

In this group: Francisca, Marylin, Cinthia, Dagmar Margot, Dora*, Yuli, Brigida, Luis, Cirila, Denisse, Vicentina, Henry, Victoria
*not pictured

Loan details

Lenders and lending teams

Loan details