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Yanet

Update on Yanet

Yanet continues selling home-cooked meals and also perfume, cream and lipstick, among other beauty products, via catalogue. She also wants to invest in cleaning supplies to sell this time around. On this occasion she’ll attempt to set up a new business selling cleaning supplies and will buy beauty products like cologne, perfume and cream that are on special.
View original language description ↓
La socia Yanet; continua con el negocio de venta de comida caseras y tambien ella vende por catalogo perfumes, cremas, labiales entre otros productos de belleza, la socia tambien desea invertir en esta ocasion en la compra de articulos de limpieza y venderlos, ella en esta ocasion hara la prueba de establecer un nuevo negocio con la venta de productos de limpieza y de comprar productos de belleza como colonias, perfumes, cremas en oferta.

Previous Loan Details

Yanet was born in the city of Quillabamba, in Cusco department (Peru). She is 35 years old and currently lives in the city of Cusco together with her two children. Yanet sells food from 7.00am to 2.00pm, every day. She has been in this business for one and a half years and it is doing very well… 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
  • 64
    View loans »
    Peru Loans Fundraising
  • $53,968,650
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Yanet to buy cleaning supplies and beauty products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012
This photo was used before for a previous loan for Yanet. It was first posted on Kiva on Jul, 2011. Learn More