Update on PaulinaPaulina is a member of the “Amauta Huamanga” Communal Bank, and the mother of 4 children. She has been a member of FINCA Peru for the past year.
Paulina has recently opened an internet cafe business. Previously, she operated a restaurant but that didn't do well. So, now she has an “internet” and hopes that this will do better. Thanks to the training she has received, her family life has improved greatly and she values herself more as a woman.
The loan Paulina requests will be invested in purchasing a computer. Now her dream is to save more and to be able to buy herself a house.
Paulina recientemente tiene un negocio de Internet, antes ella tenia una bodega pero no le fue bien y ahora tiene un Internet y espera que le vaya muy bien, gracias a las capacitaciones su vida familiar a mejorado mucho y ella se valora mas como mujer. El préstamo que solicita lo invertirá en la compra de una computadora, y ahora su sueño es ahorrar mas y poder comprarse su casa.
Previous Loan DetailsPaulina is a member of the Communal Bank “Morenita Huamanga”. She is 32 years old, in a common-law marriage, and has a business of renting out motorcycle taxis and Internet booths.
The loan she is requesting will be invested in computer stations for housing her computer equipment. As a ... More from Paulina'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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