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Yanet

Update on Yanet

The member continues to sells crafts, sweaters, polo shirts and shawls which she sends to different parts of Bolivia. Through her business she is providing for her son. Her dream is to have her own craft shop one day. She is requesting a loan to buy crafts such as polo shirts, sweaters and shawls wholesale.

She is grateful for the loan and committed to paying it back on time.
View original language description ↓
La socia se sigue dedicando al negocio de venta de artesania,ella vende chompas,polos y chalinas,ella envia a diferentes lugares como Bolivia,por medio de este negocio la socia saca adelante a su hijo,el sueño de la socia es tener un local donde pueda vender la artesania.La socia solicita el préstamo para comprar artesania como polos,chompas y chalinas al por mayor.
La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

The member belongs to the Madres Trabajadoras communal bank, located in the Tica Tica district in the province of Cusco, department of Cusco. Yanet, 31, is married and has one child. She works in crafts, buying and selling crafts. For a year she has been exporting crafts abroad, but only a v... More from Yanet'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
  • 67
    View loans »
    Peru Loans Fundraising
  • $54,558,900
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Yanet to buy crafts, polo shirts, sweaters and shawls wholesale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 27, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Yanet. It was first posted on Kiva on Sep, 2011. Learn More