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Yony

Update on Yony

Yony continues to buy and sell handcrafts, mainly decorative pieces such as embroidery on fabric and woven goods which she sells in her own premises as well as in the different craft markets in the city.

At the moment Yony is applying for a loan to buy materials such as fabric and thread.
View original language description ↓
La señora Yony continúa con el negocio de compra y venta de artesanías, principalmente de elementos decorativos como imaginería en telas y tejidos y los comercializa en su propio establecimiento y también a los diferentes mercados artesanales de la ciudad. La señora Yony en esta oportunidad está solicitando el préstamo para comprar material como telas e hilos.

Previous Loan Details

Yony continues to operate her craft business, and also buys and sells decorative handicrafts, including many woven, handmade items. She sells many of the crafts from her own business location, as well as in other craft markets around the city. Yony is requesting this loan in order to invest in… 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
  • 34
    View loans »
    Peru Loans Fundraising
  • $54,528,450
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Yony to buy materials such as fabric and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Yony. It was first posted on Kiva on Sep, 2012. Learn More