Update on YelibethThis member is a very hardworking woman, and she was working as a secretary in a very well known tourist restaurant. She also supports herself selling beauty products via catalog. She continues to study English, and she wants the loan to invest in buying products such as perfume, creams, lipsticks and more to sell.
La socia es una mujer muy trabajdora y estaba trabajando como secretaria en la caja de un muy conocido bar restaurante turistico, la socia tambien se esta apoyandose economicamente con la venta de productos de belleza por catalogo, la socia continua con sus clases de ingles. La socia desea el credito para invertir en la compra de productos como perfumes, cremas, labiales, entre otros para la venta.
Previous Loan DetailsMiss Yelibeth is a partner of the community bank "SIEMPRE UNIDOS", she is from the neighborhood of Santiago of the town of Cusco. She is single and among others she works at a restaurant visited by tourists in the neighborhood of Plateros, half-a-block from the center of Cusco, a tourist area... More from Yelibeth's previous loan »
Important InformationAbout 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.
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Success!! The loan was 100% repaid