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Yedi

Update on Yedi

Yedi lives in the lovely city of Cusco, where she provides taxi services around the urban area. His shift begins at 6:00 am and lasts to 10:00 pm, Monday through Saturday. He gets his family ahead through this business. He needs a loan to perform maintenance on his Taxi.
View original language description ↓
Yedi vive en la hermosa ciudad del Cusco y donde realiza sus actividades económicas. Su actividad económica principal es brindar servicio de taxi por la zona urbana. Su jornada laboral empieza desde las 6:00 a.m. hasta las 10:00 p.m. de lunes a sábados. Por medio de este negocio saca adelante a su familia. En esta oportunidad requiere el préstamo para hacer mantenimiento del Taxi.

Previous Loan Details

Yedi continues with his business of offering taxi service. His daily work begins at 6:00 a.m. and goes to 10:00 p.m. from Monday to Saturday. With this business he is raising his family. His dream is to improve his taxi service business. He is applying for the loan to buy tires for his car. He is... More from Yedi'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 $1,250 helped Yedi to maintain his taxi.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014