Update on YennyYenny who is now 23 years of age continues with her economic activity selling clothes for women, men and children. She sells directly to customers and to order. On this occasion, Yenny is asking for a loan to capitalize her activity and buy merchandise like water-proof coats for the next rainy season.
Yenny is very grateful to Kiva for helping her strengthen her economic activity which allows her to provide better quality of life for her family and schooling for her only son. She’s a member of the “Kanchary” communal bank in Cusco, Peru.
Previous Loan DetailsYenny, 22, belongs to the “Kanchary” communal bank that’s located in Cusco District belonging to Cusco Province and Department. She has a spouse and a son. She alternates her daily activities with a clothes selling business. She sells pants, sweaters, polo shirts, jackets and blouses. She als... More from Yenny'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