Update on RosaRosa has been a member of FINCA Peru for the last 2 years. She sells juice in the market and she has a van. She used the first loan to buy a blender and juice extractor. She loves Finca because it teaches her how to save, how to be responsible, gives her enthusiasm for working, helps her set goals and how to achieve them. She is thankful for the financing that she has received because it has helped her establish a solid business.
She will use the new loan to buy tires and to do maintenance on her van.
Con este nuevo préstamo lo invertirá en la compra de llantas y mantenimiento de su combi.
Previous Loan DetailsRosa belongs to Las Entusiastas (The Enthusiasts) Community Bank. She is 47 years old, and is married with four children. Rosa sells juices in the Miraflores market, and also has vehicles to facilitate transportation between Ayacucho and Andahuaylas. The loan will be invested to buy tires, to... More from Rosa's previous loan »
About FINCA PeruThis loan is administered by FINCA Peru, one of Kiva’s Field Partners in Peru. FINCA Peru is dedicated to empowering socially and economically disadvantaged women in Peru, contributing to the development of their families, and building sustainable communities.
In 1990, FINCA Peru began by lending to a small group of women widowed by the Shining Path terrorist movement in Ayacucho. Beyond loans and financial services, FINCA offers business development training, personal and family development training, gender empowerment sessions, life insurance products, and financial and social literacy sessions for the children of borrowers. Visit FINCA Peru’s Kiva Field Partner page to learn more.
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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