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Yony

Update on Yony

Yony continues with her farm work and raising small animals, but her main source of income comes from working in a hotel as a cook. She is requesting the loan to build her home, and she wants to purchase plaster, cement, wood, sand, pipes and light bulbs. Her dream is to open a restaurant in the city of Urubamba. Yony is a member of "Los Girasoles de Rumichaca Baja" community bank, which consists of members who work and live in the village of Rumichaca Baja.
View original language description ↓
Yony continua con la agricultura y con la crianza de animales menores pero su actividad económica principal es trabajar en un hotel como cocinera. En esta oportunidad Yony requiere el préstamo para hacer construir su casa y desea comprar yeso, cemento, madera, arena, tubos y focos. Su sueño de Yony es la abrir un restaurante en la ciudad de Urubamba. Yony es integrante del grupo “Los Girasoles de Rumichaca Baja” lo conforman socios que viven en el poblado de Rumichaca Baja y donde realizan sus actividades económicas.

Previous Loan Details

The member, Yony, continues with her farm work and raising small animals such as guinea pigs and chickens, which she sells to customers who place orders. She has been in business for some time, and it is going well because of the hard work she puts into it. She also still works at a hotel six d... More from Yony'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
  • 80
    View loans »
    Peru Loans Fundraising
  • $55,191,575
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Yony to purchase plaster, cement, wood, sand, pipes and light bulbs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013