Update on YoniYoni keeps on running her activity, selling small animals such as chickens and hens. In this occasion she is requesting a loan to inverts is in the purchase of 1000 chickens - together with the loan her husband has requested - and 2000 hens. Yoni and her husband run a small farm in their house and both of them will invest in the purchase of chickens and hens to improve their activity and to grow economically. In the future she wants to have her own capital and to be one of the big suppliers of chickens and hens of her town. At the moment Yoni has many requests to satisfy and she wants to invest the loan in the purchase of 1000 chickens and 2000 hens.
Previous Loan DetailsMs. Yoni is part of the Communal Bank "Nueva Luz del Mañana" ["Tomorrow's New Light"] from the Arawira Association in the Province of Cuzco, Department of Cuzco. She lives with her life partner, she is 40 years old and is a mother to three children. Her character and her wish of fulfilling he... More from Yoni's previous loan »
Important InformationAbout 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.
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