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Yanett Del Pilar

Update on Yanett Del Pilar

This borrower is still knitting sweaters, shawls, hats, gloves, leg-warmers, and other articles of clothing. She sells these items from a rented spot and she only needs to save a little more money to be able to buy her own stand. That way she will save money by not paying rent and will have more income. She needs a loan to purchase wool to make the clothing.
View original language description ↓
La socia continua tejiendo chompas, chalinas, gorras, guantes, escarpines, entre otras prendas, la socia vende esto en un local alquilado y aún le falta ahorrar un poco para poder comprar un stand propio de tal manera que pueda ahorrar el alquiler y tener mas ingresos, la socia requiere en esta ocasión el prestamo para invertir en la compra de lanas para la realización de sus prendas.

Previous Loan Details

Yanett Del Pilar is 40 years old and lives in the city of Cusco, which is located in the Department of Cusco, Peru. Her main business activity is making and selling handicrafts such as sweaters, scarves, and socks. In addition to distributing to the craft merchants in the District of Cusco, she... More from Yanett Del Pilar'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
  • 102
    View loans »
    Peru Loans Fundraising
  • $55,238,100
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Yanett Del Pilar buy wool to make articles of clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 28, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012
This photo was used before for a previous loan for Yanett Del Pilar. It was first posted on Kiva on Feb, 2011. Learn More