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Sra. Monica is a member of the Communal Bank "La Retama", which is located in the District, Province, and Department of Cusco.

She is 27 years old, single, and has one child. Monica divides her time between her daily activities and her business of selling handicrafts. She sells sweaters, pullovers, caps, blankets, and decorations. Monica has a shop where she sells handicrafts between the hours of 8am and 7pm. Through this business she is able to help her children get ahead. She dreams of expanding her handicraft business, so she is requesting a loan in order to buy crafts such as sweaters, blankets, decorations, and gloves.

Monica is pleased with the loan and promises to complete her payments.

View original language description ↓
La socia pertenece al banco comunal “LA RETAMA”; El banco está ubicado en el distrito de Cusco, perteneciente a la provincia de Cusco y departamento de Cusco.

La socia es la Sra. Monica; ella tiene 27 años de edad y es soltera y tiene 1 hijo; La socia alterna sus actividades diarias con el negocio de venta de artesanía, ella vende chompas, polos, gorros, mantas y adornos, la socia tiene una tienda donde vende la artesanía desde las 8:00 a.m hasta las 7:00 p.m, por medio de este negocio la socia saca adelante a sus hijos, el sueño de la socia es ampliar el negocio de venta de artesanía. La socia solicita el préstamo para comprar artesanía como chompas, mantas, adornos y guantes.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Additional Information

Important Information

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).

About Peru

  • $12,000
    Average annual income
  • 48
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Monica to buy handcrafted sweaters, blankets, decorations, and gloves.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 11, 2012
Jun 14, 2012
Currency Exchange Loss:
Nov 15, 2012