Update on SerafinaSerafina is a member of the Prosperidad (Prosperity) Communal Bank. She has a food stall in the market. She is seeking a loan to invest in buying rice, sugar, and noodles and to help pay for her children's education.
During the time that Serafina has been a member of the group, she has seen her business grow. She remembers that before, her stall was only a cart, but now it is maD. of proper materials. She is pleased with the help she has received from microfinance partner FINCA, which has helped her in her personal life as much as her work and which has taught her how to have a prosperous business.
En todo el tiempo que tiene como socia Serafina ha visto como su negocio ha crecido, recuerda que antes su puesto era solo D. carrizo ahora ya es D. material noble. Le encanta el apoyo que le brinda Finca con las capacitaciones que le ayudaron en su vida personal como en su negocio, le enseñaron a poder tener un negocio próspero.
Previous Loan DetailsSerafina is a member of the Prosperidad (Prosperity) Communal Bank. She is 65 years old, a widow for the last 16 years, and mother of 7 children. She sells food in the Santa Clara Market, offering breakfast and lunch. She has been engaged in this business for 40 years. At present, her daughte... More from Serafina'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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Success!! The loan was 100% repaid