Update on TeodosiaTeodocia is a member of the communal bank Glorioso. She is 38 years old and sells "emoilente" in Puente Nuevo. She is married and has four children and has been a member of Finca for 15 years. There she learned everything she knows about having and maintaining a business. With her savings she has been able to improve her business and economic situation. She remembers that she began selling firewood but observed that the "emoliente" business was more profitable. Thanks to her savings she has been able to buy a computer for her children. The training has helped her lead a better family life. She plans to use the loan to buy cane and alcohol to prepare "emoliente".
Previous Loan DetailsTeodosia is affiliated with the Banco Comunal Glorioso. Teodosia is married. She is 35 years old and has 4 children. Teodosia lives in the association “11 of April” in the District of San Juan Bautista. Teodosia sells firewood from her home. She gets the firewood from a distributor, but she... More from Teodosia'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