Elizabeth is 29 years old and has two children. She has been operating a call center for about two years. Locals can come to her store in order to make phone calls using Claro and Movistar networks. Every year, Elizabeth has to pay about 1,000 soles (PEN) to each network provider in order to guarantee continued use of her phone lines. A loan will help her pay these fees. In the future, Elizabeth hopes to save enough money to buy a car.
Elizabeth is receiving an individual loan as a member of the village bank "Amistad Cusqueña" in Cusco, which is located in the South Andean region of Peru. The bank is in its third cycle with 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).