In the mountainous regions of Peru, Carmen’s weaving cooperative was
at a crossroads. Despite producing beautiful textiles in demand by
international buyers, the cooperative couldn’t secure a $1,500 loan for
new looms. Traditional banks were out of reach, and local moneylenders
charged crushing interest rates. But through crowdfunding, Carmen’s
cooperative raised $2,000 in just 10 days. Today, their cooperative
employs 15 women and exports globally. This is more than a success
story—it’s a testament to how crowdfunding is breaking down barriers to
financial access and empowering communities worldwide.