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Yolanda

Update on Yolanda

The member, Yolanda continues managing her small café at the same school and now is beginning to work in other schools. She wishes to stock her café with candy, soda, cookies, and general products that she can sell. She also wishes to purchase sandwiches, teas, bread, juice, and other items.
View original language description ↓
La socia Yolanda; continua con su negocio de cafetín en el mismo colegio la socia ahora que comenzaran las labores en los colegios en general ella desea poder implementar el cafetin y comprar todo lo referente a golosinas, gaseosas, galletas, productos en general para implementar su negocio y vender, la socia desea comprar todo tipo de productos para la venta de sanwich, tes, mates, jugos entre otros.

Previous Loan Details

Yolanda was born in Quillabamba, Cusco (Perú). She is 25 and lives in Cusco with her only daughter. Yolanda runs a small cafe in the San Fernando School, in Cusco. She has been in charge of the business since March and has been pleased to see the results of her hard work. Yolanda seeks this loa... 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

  • $12,000
    Average annual income
  • 94
    View loans »
    Peru Loans Fundraising
  • $57,998,275
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Yolanda to purchase soda, bread, candy, cookies, and other items.
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 Yolanda. It was first posted on Kiva on Jul, 2011. Learn More