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Yaneth

Update on Yaneth

She’s a member of the “María Auxiliadora” communal bank and continues with her business selling dry grains. She’s been in this business for years and does well thanks to the effort she puts into her business every day. She buys potato and quinoa seeds, among others, to sell in her locale. She has a store where she sells all the merchandise her customers request from her. She’s a responsible, dedicated person who moves forward this way.

She’s requesting the loan to buy potato and quinoa seeds for her business. She feels grateful for the granted loan and commits to make her installment payments as scheduled.
View original language description ↓
La socia pertenece al banco comunal MARIA AUXILIADORA, la socia continua con su negocio de venta de granos secos, la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia compra semillas de papa, quinua entre otros para venderlos en su local,la socia cuenta con una tienda donde vende toda su mercadería a quienes le solicitan como sus clientes,la socia es una persona responsable y empeñosa siendo de esta forma que la socia sale adelante.
La socia solicita el crédito para la compra de semillas de papa y quinua para su negocio.
La socia se siente agradecida por el crédito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

The partner Yaneth belongs to the communal bank "Maria Auxiliadora". The bank is located in the San Sebastian District, which belongs to the department of Cusco. Yaneth is 22 years old and is single. She buys and sells dry grain products. She has her stand in one of the city markets. She b... More from Yaneth'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
  • 88
    View loans »
    Peru Loans Fundraising
  • $55,985,050
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Yaneth to buy potato and quinoa seeds.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Oct 9, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013