Update on YhuryYhury was born in the city of Cuzco and is 37 years old. Currently, Yhury lives in Cusco, the Imperial City of the Incas. Before, he had two children, but now he has three children, and feels very happy.
He is a hard-working and responsible man, who sells alcoholic beverages. He continues to have a small beer store, and sells 24 hours a day. He has been working in this business for several years now, and it is going very well. On this occasion, Yhury needs the loan to buy more beer.
Yhury is a responsible person, who still belongs to the “Comuzone III” communal bank of Asociación Arariwa in the city of Cusco, Peru.
Yhury es una persona responsable que sigue perteneciendo al banco comunal “Comuzone III” de la Asociación Arariwa de la ciudad del Cusco, Perú.
Previous Loan DetailsYhury was born in the city of Cusco and is 37 years old. Currently, Yhury lives in the imperial city of the Incas and has 2 sons. He has a small business selling beer and he has a small store where is sells his goods 24 hours a day. He has already been doing this for 3 years and it is going well.... More from Yhury'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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