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Yeny

Update on Yeny

Yeny is still a member of the communal bank “Imasumac II” and sells CDs and also DVDs. She has run the business for some time, and it is prospering thanks to the dedication she brings to it each day. She sells at one of the markets in the city of Cusco and wants to keep working to support her family. She has applied for a loan to buy CDs for her business. She is grateful for the funding and promises to make her payments.
View original language description ↓



La socia Yeny continúa con el banco comunal “Imasumac II”, la socia sigue dedicándose al negocio de venta de CDs y ahora también DVDs, la socia lleva buen tiempo dedicándose a este negocio el cual le va bien gracias al empeño que le pone cada día a su negocio, la socia vende en uno de los mercados de la ciudad del Cusco, la socia desea poder seguir trabajando para de esta forma seguir apoyando a su familia para de esta forma seguir apoyando a su familia.
La socia solicita el crédito para al compra de cds para su negocio.
La socia se siente agradecida por el crédito otorgado y se compromete cumplir con sus cuotas establecidas.

Previous Loan Details

Yeny continues to be a member of the communal bank "Imasumac II" and with her business of selling CDs and now also DVDs. She sells her products in one of the markets in the city of Cusco from 8:00 a.m. to 5:00 p.m. from Monday to Friday. She is a charismatic and responsible person who is raising ... More from Yeny'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
  • 69
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.8
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Yeny to buy CDs for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Yeny. It was first posted on Kiva on Nov, 2012. Learn More