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Update on Yuri

This member continues to run his costume manufacturing business. He has a workshop where he makes different types of costumes for typical dances. He works there from 8:00 am to 6:00 pm and has been doing this for eight years. Things are going well for him and his dream is to expand his costume business. He is asking for this loan in order to buy thread, buttons, fabrics, and sequins.

He is happy about the loan and is committed to making his payments on time.
View original language description ↓
El socio se sigue dedicando al negocio de confeccion de disfraces,el tiene un taller donde confecciona diferentes trajes para danzas tipicas,el socio trabaja desde las 8:00 a.m hasta las 6:00 p.m,el socio ya tiene 8 años en este negocio y le va muy bien,el sueño del socio es ampliar el negocio de confeccion de disfraces.El socio solicita el credito para comprar hilos,botones,telas y lentejuales para confeccionar los trajes.

El socio esta contenta con el credito otorgado y se compromete a cumplir los pagos.

Previous Loan Details

Yuri belongs to the “MINIBANK” communal banks of the Asociación Arariwa. Yuri lives in the beautiful city of Cuzco. He is 67 years old, married and has five children. He works making costumes and has a small workshop in his home. He makes different costumes for traditional dances of the Cuzco re... More from Yuri'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
  • 152
    View loans »
    Peru Loans Fundraising
  • $60,187,950
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Yuri to buy supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Dec 11, 2012
Currency Exchange Loss:
Apr 17, 2013
This photo was used before for a previous loan for Yuri. It was first posted on Kiva on Aug, 2012. Learn More