Check out some available loans that are similar to this one!
Yessica

Update on Yessica

Yessica is still with with the "Virgen Purificada de Angostura" communal bank and continues to sell meals (breakfast, lunch and dinner). She has been doing this for some years and, thanks to her determination, the business is going well. On this occasion, Yessica needs the loan to buy chairs and tables for her restaurant. She is happy to have the loan and promises to make the repayments.
View original language description ↓
Yessica continúa con el banco comunal “Virgen Purificada de Angostura” y con la venta de comida (Desayuno, almuerzo y cenas). Ya son varios años que se dedica a este negocio y le va muy bien gracias al empeño que pone en su trabajo. En esta oportunidad requiere el préstamo para implementar el restaurante entonces va comprar sillas y mesas. Está feliz por el préstamo y se compromete a cumplir con los pagos de sus cuotas.

Previous Loan Details

The member continues working in her restaurant business selling breakfast, lunch, and dinner. She prepares various dishes, such as baked chicken, chicken and pasta, and others. She works from 8:00 a.m. until 7:00 p.m. With this business she gets her children ahead. Her dream is to expand her… More from Yessica'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
  • 63
    View loans »
    Peru Loans Fundraising
  • $53,993,575
    Funds lent in using Kiva
  • 2.5
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Yessica to buy chairs and tables for her restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Yessica. It was first posted on Kiva on Jun, 2012. Learn More