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Yaquelin

Update on Yaquelin

Yaquelin is 29 years old and is in a common-law marriage from which she has one child. She was born in the city of Urubamba in the province of Urubamba and she lives in the same city where she was born. Her principal economic activity is the sale of comestibles as she has a small store where she sells her products to different people. She has already dedicated several years to the business and it is going very well for her thanks to the great effort that she puts into her work. She belongs to the communal bank “Reyna de los Angeles” and on this occasion she is requesting the loan to purchase comestibles like noodles, milk, oil, rice and sugar.
View original language description ↓
Yaquelin tiene 29 años de edad y tiene una relación de unión libre de la cual tiene un hijo, ella nació en la ciudad de Urubamba de la provincia de Urubamba y vive en la misma ciudad donde nació. Su actividad económica principal es la venta de comestibles pues tiene una pequeña tienda donde expende sus productos a diferentes personas. Ya son varios años que se dedica al negocio y le va muy bien gracias al empeño que pone en su trabajo. Ella pertenece al banco comunal “Reyna de los Angeles” y en esta oportunidad requiere el préstamo para comprar comestibles como fideos, leche, aceite, arroz y azúcar.

Previous Loan Details

The member continues with her grocery store selling rice, sugar, milk and cookies. She works from 8am until 5pm and is able to support her children through this business. Her dream is to expand the grocery store. She’s asking for the loan to buy rice, sugar, milk, oil and cookies at wholesal... More from Yaquelin'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
  • 98
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Yaquelin to buy comestibles like noodles, milk, oil, rice and sugar.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013