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Yolanda

Update on Yolanda

This member, Yolanda, belongs to the Renovación communal bank. She continues with her business of selling office supplies such as paper, books, pencils, and other items. She has worked in this business for several years, and it is going well due to the effort she puts in every day. Yolanda is a responsible and enterprising person. This way, she is able to move her family forward.

Yolanda is requesting this loan to buy merchandise such as paper, books, and other products. She is grateful for the loan given and promises to make the established payments.
View original language description ↓
La socia Yolanda pertenece al banco comunal RENOVACION,la socia continua con su negocio de venta de materiales de escritorio como papeles,libros,lapiceros entre otros,la socia lleva años en este negocio el cual le va bien gracias al empeño que le pone cada dia a su negocio,la socia es una persona responsable y empeñosa siendo de esta forma que la socia saca sadelante a su familia.
La socia solicita el credito para la compra de mercaderia como papeles por ciento,libros entre otros.

La socia se siente agradecida por el credito otorgado y se compromete a cumplir con sus cuotas establecidas.

Previous Loan Details

Yolanda is 45 years old, married, has three children, and lives in the city of Cusco, Peru. After doing the household tasks, she works at her business selling office items like pencils, pens, notebooks, books, and many other things. Yolanda needs the loan to purchase merchandise like notebooks,… More from Yolanda'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
  • 61
    View loans »
    Peru Loans Fundraising
  • $53,994,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Yolanda to buy merchandise such as paper and books.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Yolanda. It was first posted on Kiva on Feb, 2011. Learn More