Update on YanethYaneth is twenty-two years old and works as a wholesale distributor of grains. She has been doing this work at a local market for four years. In addition she dedicates part of her time to studying cosmetology. Yaneth would like a loan to purchase more grains such as wheat, potatoes, and barley. She would like to run a large wholesale grain business in the future, expanding to other markets outside of Cusco.
Yaneth is receiving an individual loan as a member of the village bank "Maria Auxiliadora" in Cusco, which is located in the South Andean region of Peru. The bank is in its 10th cycle with Asociación Arariwa.
Previous Loan DetailsThe partner Yaneth belongs to the communal bank "Maria Auxiliadora". The bank is located in the San Sebastian District, which belongs to the department of Cusco. Yaneth is 22 years old and is single. She buys and sells dry grain products. She has her stand in one of the city markets. She… More from Yaneth'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