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Yolanda

Update on Yolanda

Yolanda continues participating in Asociación Arariwa’s micro loan unit’s “Qorichaska del Cusco” communal bank. She continues with her coffee growing business. Yolanda did very well with her previous loan and was able to obtain good benefits so she now wants another loan because it’s very helpful for her business. Yolanda needs the loan to pay day laborers that work her fields. Yolanda is grateful for the opportunity provided her through this means and pledges to make her installment payments according to the payment schedule.
View original language description ↓
Yolanda sigue participando en el banco comunal “Qorichaska del Cusco” D. la Unidad D. Micro finanzas D. la Asociación Arariwa. Yolanda sigue con el negocio D. siembra y cosecha D. café.

Yolanda con el anterior crédito le fue muy bien y pudo obtener buenos beneficios y por ese motivo desea otro préstamo pues le ayuda mucho con el negocio.

Yolanda requiere el préstamo para pagar a los peones que trabajan en la chacra.


Yolanda se encuentra agradecida por la oportunidad brindada mediante este medio y así mismo se compromete a cumplir con el pago correspondiente al cronograma.

Previous Loan Details

Yolanda is 80 years old and lives in the beautiful city of Cusco, Peru. She has been a member of Arariwa's “Patrón de San Sebastián” community bank for a long time. Yolanda considers herself to be a hard-working and enterprising person. She has a farm in the province of Convención in the depar... More from Yolanda's previous loan »

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).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Peru

  • $6,715
    Average annual income
  • 33
    View loans »
    Peru Loans Fundraising
  • $55,881,175
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Yolanda to pay day laborers that work her fields.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012
This photo was used before for a previous loan for Yolanda. It was first posted on Kiva on Nov, 2010. Learn More