Update on YngridThis member is Yngrid, who belongs to the "Virgen Asunta de Calca" communal bank of the province of Calca del Cusco, Peru. Yngrid is a very proactive young woman. She works as a cleaner in a hotel, she raises small animals such as guinea pigs and chickens, and now she's also a baker. She makes and sells bread, but right now she's making panettones (sweet bread) for the Christmas season. Yngrid is requesting the loan in order to purchase supplies such as flour, sugar, leavening, salt, candied fruit and raisins for making her panettones and bread. Yngrid is very thankful to Kiva for helping her keep her business going which is her main source of income.
Previous Loan DetailsThe member continues working in a bar, as a receptionist and as a cleaner. The member is also engaged in the business of selling bread and raising animals, such as chickens. The member raises and fattens them and then sells them at different markets. The member’s dream is to have a place where sh... More from Yngrid'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