Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

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.

With a market presence spanning the Cusco, Arequipa, Puno, Apurimac and Madre de Dios regions, Arariwa provides financial and business development services to approximately 14,000 low-income entrepreneurs. The organization is distinguished by its efforts to reach the very poor, who often live in isolated rural communities located four to five hours outside major cities or at altitudes above 4,000 meters.

In addition to disbursing loans, Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers). The organization's services are tailor-made for micro-enterprise owners who prefer to borrow in groups.

By encouraging development of village banks, Arariwa seeks to create a space where low-income borrowers can learn to generate their own savings, profit from the earned interest, and share experiences and business advice with one another. Today, it supports more than 1,000 village banks in Peru.

Arariwa constantly strives to serve more niche and vulnerable populations. Recent initiatives include a program to assist people with disabilities, and participation in a pilot project to help Peru's poorest citizens lift themselves out of poverty.

Over the next three years, Arariwa will work toward the following goals:

1) Reach the poorest segments of Peru's population.

2) Achieve sustainable finances and portfolio growth.

3) Improve client satisfaction.

4) Continue applying communal banking methodology, and optimizing internal processes like risk management and human resources.

Arariwa's services are guided by the following tenets: 

Mission: Contribute to improving quality of life for low-income women and their families by pairing secure, affordable financial services with education.

Vision: To be a leader in microfinance by targeting poverty in southern Peru with services that are sustainable, effective, transparent and efficient.


Integrity and respect -- Treat colleagues and clients with respect, courtesy and kindess. Respect their cultures, beliefs and customs in both actions and words.

Honesty and transparency -- Manage information honestly and capture accurate data about clients. Handle client accounts with care and provide accurate and clear information to colleagues and clients alike.

Excellence and commitment -- Internalize the mission, vision and objectives of the institution. Follow institutional norms and processes, and be responsible, competent, proactive and organized in one's work.

Collaboration and solidarity -- Work as a team with common goals and interests. Support colleagues in problem resolution. Demonstrate a desire to help colleagues and clients improve. Trust in the capabilities of one's colleagues.

Want to get more involved with Arariwa? Join the Kiva lending team: Amigos/as de Asociación Arariwa. Or make a loan to one of Arariwa's borrowers by clicking here.

Want to learn more about village banks? Check out this Spanish-language video:

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 30, 2008 Oct 12, 2005
Total Loans $19,995,825 $813,593,625
Amount of raised Inactive loans $0 $361,675
Number of raised Inactive loans 0 183
Amount of Paying Back Loans $2,164,150 $137,833,725
Number of Paying Back Loans 1,091 163,897
Amount of Ended Loans $17,831,675 $675,398,225
Number of Ended Loans 16,302 835,962
Delinquency Rate 0.83% 9.03%
Amount in Arrears $10,926 $8,248,438
Outstanding Portfolio $1,320,784 $91,373,804
Number of Loans Delinquent 43 32,499
Default Rate 0.06% 1.27%
Amount of Ended Loans Defaulted $10,595 $8,554,773
Amount of Ended Loans $17,831,675 $675,398,225
Number of Ended Loans Defaulted 23 22,689
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $799 $3,290,899
Refund Rate 0.32% 0.65%
Amount of Refunded Loans $63,650 $5,273,250
Number of Refunded Loans 85 5,643

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 79.81% 74.67%
Average Loan Size $442 $409
Average Individual Loan Size $641 $646
Average Group Loan Size $3,913 $1,818
Average number of borrowers per group 11.3 7.9
Average GDP per capita (PPP) in local country $12,000 $5,943
Average Loan Size / GDP per capita (PPP) 3.68% 6.89%
Average Time to Fund a Loan 2.9 days 6.79 days
Average Dollars Raised Per Day Per Loan $152.41 $60.29
  Average Loan Term 4.28 months 10.96 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 13,520 398,797
  Journaling Rate 66.44% 40.61%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.09 1.39

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 38% PY 29.00% PY 28.61% PY
  Profitability (return on assets) -3.86% 1.4% -0.77%
  Average Loan Size (% of per capita income) 12.80% 42.00% 19.56%

Country Fast Facts

Field Partner Staff

Boris Flores
Karla Dyan Pineda Moscoso
Ninoska Saravia Cunza
Rolando Villanueva Florez
Hugo Yanque Martínez