Update on Carmen EddyCarmen is a member of the “Bienestar” communal bank. She provides transportation services and has three vans. She’s been involved with FINCA for 12 years.
After an accident, she was very discouraged and her friend invited her into FINCA. It’s been 12 years and she has not left. She is very grateful for all the support they gave her when she most needed it. With great effort, she was able to buy two cars and now she works with them and was able to create good financial stability.
She’s made good friends in the bank. She only has one daughter; the rest of her children are boys. With FINACA’s help, she was able to pay for her daughter’s education. She will use the money from this loan to pay for her daughter’s title.
A raíz de una accidente ella estaba muy desanimada y una amiga le invitó a Finca, ya pasaron 12 años y desde la fecha ella no se ha retirado, agradece mucho por todo el apoyo que le brindaron cuando mas lo necesitaba con mucho esfuerzo se pudo comprar 2 carros, y ahora trabaja con ellos, logró poder tener una buena estabilidad económica, he hizo muy buenas amiga en su banco, ella solo tiene una hija los demás son varones y con la ayuda de Finca le ayudo a poder educarla y ahora este préstamo lo invertirá en el titulo de su hija.
Previous Loan DetailsCarmen is a member of the "Well-Being" Communal Bank.
Carmen is 48-years-old and married with 5 children. She lives in the Santa Rosa District in the ayacuchana forest that is located 8 hours outside of the city of Ayacucho. Carmen has a wholesale grocery store. She acquires her products in Ayacucho, where she travels twice a week depending upon sales. In addition, Carmen has three vehicles for travel between provinces; her children are the drivers and in charge of the business. Carmen also is engaged in the production of cacao, which she sells to local traders.
Carmen needs a loan of $1,025 (3,000 soles) to be invested in the purchase of sugar, rice, oil, tuna and pasta.
Carmen dreams of growing her business and opening another branch; she wants her children to succeed and enjoy financial stability.
Translated from Spanish by Kara Gibson, Kiva volunteer.
Carmen es socia del Banco Comunal Bienestar.
Carmen es casada, tiene 48 años y 5 hijos, Carmen vive en el distrito de Santa Rosa en la selva ayacuchana que se ubica a 8 horas de la ciudad de Ayacucho, Carmen tiene una tienda de abarrotes al por mayor, sus productos lo adquiere en la ciudad de Ayacucho a donde viaja 2 veces a la semana dependiendo de sus ventas. Además Carmen tiene 3 carros que realizan transporte interprovincial siendo sus hijos los conductores y encargados de la administración. También Carmen de dedica a la agricultura de cacao que vende a intermediarios de la zona.
Carmen necesita un préstamo de 3000 soles, dinero que será invertido en la compra de azúcar, arroz, aceite, atún, fideo.
Los sueños de Carmen son incrementar su negocio, tener otra sucursal, que sus hijos salgan adelante y tengan estabilidad económica. More from Carmen Eddy'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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