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Yobana

Update on Yobana

She continues with the grocery store business. She sells basic staples like rice, sugar, milk and oil. She works from 8am until 10pm. She’s been in business 7 years and does very well. Her dream is to expand the grocery store business. She requests the loan to buy rice, sugar, milk and cookies. She’s very grateful to Kiva for helping her develop in her activity and she commits to make her installment payments.
View original language description ↓
La socia se sigue dedicando al negocio de tienda de abarrotes,la socia vende productos de primera necesidad como arroz,azucar,leche y aceite,la socia trabaja desde las 8:00 a.m hasta las 10:00 p.m,la socia ya tiene es este negocio 7 años y le va muy bien,el sueño de la socia es ampliar el negocio de tienda de abarrotes.La socia solicita el credito para comprar arroz,azucar,leche y galletas.

La socia está muy agradecida con KIVA por ayudarla a desarrollarse en su actividad y se compromete a cumplir con el pago de sus cuotas.

Previous Loan Details

Yobana, 29, is married and has two children. She was born in Urubamba but lives in Tambo Real District in Anta del Cusco Province, Peru. Her main economic activity is selling basic staple items in her grocery store located at home. Yobana has been in business for about a year more or less and is… More from Yobana'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.

Tags

About Peru

  • $6,715
    Average annual income
  • 61
    View loans »
    Peru Loans Fundraising
  • $53,998,100
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Yobana to buy rice, sugar, milk and cookies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Yobana. It was first posted on Kiva on Sep, 2012. Learn More