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Yenny

Update on Yenny

Yenny is continuing to run her grocery business. She sells everyday staples such as rice, sugar, milk, cookies and oil. This business has allowed her to provide a better life for her children. Her dream is to expand and improve her store. She is seeking this loan so she can buy rice, sugar, milk and cookies at wholesale prices. She is grateful for this opportunity and promises to complete her payments on schedule.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,la socia vende produtos de primera necesidad como arroz,azucar,leche,galletas y aceite,por medio de este negocio la socia saca adelante a sus hijos,el sueño de la socia es ampliar y mejorar el negocio de tienda de abarrotes.La socia solicita el credito para comprar arroz,azucar,leche y galletas al por mayor.

La socia está feliz por el préstamo y se compromete a cumplir con los pagos de su cuota.

Previous Loan Details

Yenny belongs to the Imasumac II communal bank. The bank is in the Huanchac district of the Cusco province and department. Yenny, age 30, is married and has three children. The children are 13, 8, and 8 months. Yenny manages her grocery store. She has her business in her house. She is… More from Yenny'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
  • 30
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Yenny to buy rice, sugar, milk and cookies in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Yenny. It was first posted on Kiva on Oct, 2011. Learn More