By Sheethal Shobowale, KF9, Peru
My first loan disbursement outside of the Asociación Arariwa office took place in San Sebastian, an area of Cusco about 15 minutes away from the office.
This group meeting was my ideal picture of group microfinance. Banco Comunal de Maria Auxiliadora is a group of 11 low-income women from Cusco, engaged all all different types of businesses, from cosmetic and grocery sales to artesanía. They had failed to make their repayments on time in their last loan cycle but this time, Valentina, their loan officer was determined for them to...Continue Reading >>