Maria Elena is 34 years old and has been working as a florist most of her life. She has two children, ages 9 and 13, and lives with her partner. She rents a shop in Cusco where she sells flowers and creates arrangements for special occasions such as baptisms and weddings. Her arrangements include carnations, gladiolas, roses, and any number of other flowers from Urubamba, Lima, and elsewhere in Peru.
Maria Elena is requesting a loan in order to purchase flowers for her business. Her dream is to own a large storefront where she can display and sell her floral creations.
Maria Elena is a member of the village bank “Cusco Sur” which is receiving its 16th loan from Asociación Arariwa.
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).