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Update on Yovana

In the past, this communal bank member has a business selling food, but it didn't go very well. But now she has a business of selling cell phone services (individual calls). She works as a walking vendor from 8 am to 7 pm. Through this business, she wants to raise her children. Her dream is to have a shop where she could supply telephone service. She is applying for the loan to buy cell phones and pay for lines.

She is thankful to those who are part of this dream through the loans, and she promises to make her loan payments on time.
View original language description ↓
La socia anteriormente se estaba dedicando al negocio de venta de comida pero no le fue muy bien,pero ahora se esta dedicando al negocio de realizar llamadas telefonicas,ella trabaja en forma ambulatoria desde las 8:00 a.m hasta las 7:00 p.m,por medio de este negocios la socia quiere sacar adelante a sus hijos,el sueño de la socia es tener un local donde pueda hacer el servicio de llamadas . La socia solicita el préstamo para comprar celulares y pagar las lineas de telefonia.

La socia agradece a quienes forman parte de este sueño mediante este medio y se compromete a cumplir con el pago de sus cuotas en el plazo establecido.

Previous Loan Details

This borrower belongs to the Madres Trabajadoras communal bank. The bank is located within the district of Santiago, which is in the province and department of Cusco. Yovana is 41 years and has a live-in partner and two children. She alternates her daily activities with her business selling... More from Yovana'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
  • 42
    View loans »
    Peru Loans Fundraising
  • $64,489,150
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Yovana to buy cell phones and pay for lines.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 12, 2012
Jan 27, 2012
Currency Exchange Loss:
Jun 15, 2012
This photo was used before for a previous loan for Yovana. It was first posted on Kiva on Oct, 2010. Learn More