Update on Yenny RoxanaYenny is still a member of the "Siempre Juntos" (Always Together) communal bank. The communal bank meets once a month in Huanchac district in Cusco province, Cusco department.
Yenny is still running her bookstore, and sells items such as stationery, erasers, rulers, set squares, pens, pencils, folders, binders, calculators and other office products. She also sells notebooks for the school term. Yenny will use the loan to buy school and office supplies, such as paper.
Yenny is grateful for the opportunity to receive a loan, which will allow her to invest in her business and improve her financial situation.
La socia Yenny se sigue dedicando a la administracion de su libreria y vende por ejemplo papeleria, borradores, reglas, escuadras, lapiceros, lapices, folders, vinilos, calculadoras entre muchos productos de escritorio y tambien vende cuadernos para la temporada escolar. La socia Yenny invertira el prestamo en la compra de utiles escolares y de escritorio como por ejemplo papeles.
La socia Yenny agradece la oportunidad del préstamo que le permitirá invertir en el negocio y crecer económicamente.
Previous Loan DetailsYenny is a member of the "Siempre Juntos" community bank which is located in Huanchac district, in Cusco province and department. Yenny is 36 years old, single, and has two children. Her business is running a stationery store. Yenny has a stationery store in Paucartambo province, in Pilcopata.… More from Yenny Roxana'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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jun 11, 2012
- Jun 22, 2012
- Currency Exchange Loss:
- Nov 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.