Update on YselaYsela is a member of the communal bank "Luz del Sur," in the city of Cusco, Peru. She is a young mother of a school-aged child. She is also a very hardworking woman. She is continuing with her business making and selling fruit juices at a stall in a market in the city. At this time, Ysela is requesting a loan to buy utensils such as cups and supplies such as honey, a variety of fruit, and sugar, which she needs to make her juices.
Ysela works hard and sacrifices herself in order to give her only child a better life and, most importantly, to provide him with a better education. She is very grateful to Kiva for giving her the means to provide her family with a better quality of life and her child with a better education.
Ysela trabaja mucho y se sacrifica para darle a su único hijo una mejor vida, y lo que es más importante, brindarle una mejor educación.
La socia está muy agradecida con KIVA por permitirle dar una mejor calidad de vida a su familia y una mejor educación a su hijo.
Previous Loan DetailsYsela is thirty years old and is raising an eleven-year-old son with her partner. She is one of twelve members of the village bank “Luz del Sur” located in the Andean highlands of Cusco.
For nine years Ysela has operated a juice stand in the market. Her most popular juice is a blend of jui... More from Ysela'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
- Oct 17, 2012
- Oct 20, 2012
- Currency Exchange Loss:
- Mar 15, 2013
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.