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Yngrid

Update on Yngrid

The member continues working in a bar, as a receptionist and as a cleaner. The member is also engaged in the business of selling bread and raising animals, such as chickens. The member raises and fattens them and then sells them at different markets. The member’s dream is to have a place where she can sell her chickens. The member is requesting a loan to purchase chickens.

The member is happy about the loan and is committed to making her payments on time.
View original language description ↓
La socia se sigue dedicando al trabajo en un bar,recepcion y limpieza,tambien la socia se sigue dedicando al negocio de venta de panes y crianza de animales como pollos,la socia los hace crecer y engordar y luego los vende en las diferentes mercados,el sueño de la socia es tener un local donde pueda vender los pollos.La socia solicita el credito para comprar pollos.

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

Previous Loan Details

Yngrid, 29, was born in the city of Calca and lives there still. She is partnered, but has no children. She is an administrator at one of the most luxurious hotels in Cusco and her responsibilities range from tending bar to cleaning. She has worked at the hotel for many years and likes the wor... More from Yngrid'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
  • 118
    View loans »
    Peru Loans Fundraising
  • $57,346,050
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Yngrid to purchase chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Yngrid. It was first posted on Kiva on Dec, 2011. Learn More