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Martha

Update on Martha

Martha is a member of the “Tulipanes” (Tulips) communal bank and has been a member of Finca Perú for four years. Martha has an automobile spare parts store. Her stay in Finca helped her increase her stock merchandise and now she has more capital. She is very good with everything she managed to learn; she changes her way of being. She thanks Finca for all the training she was able to get. She will use the loan she’s taking out now to buy spare parts.
View original language description ↓
Martha es socia del Banco Comunal Tulipanes, es socia de Finca Perú desde hace 4 años.
Martha tiene una tienda de venta de auto partes de carros, la estancia en Finca le ayudo a poder incrementar su mercadería, ahora ya tiene mas capital, y esta muy bien con todo lo que pudo aprender, ella cambio en su forma de ser, agradece a Finca todas las capacitaciones que pudo recibir, ahora con el préstamo que sacara lo invertirá en la compra de repuestos.

Previous Loan Details

Martha belongs to the Tulipanes Village Bank. She is married, is 37 and has 3 children. She has a clothes workshop in a rented place. She makes and mends clothes. Martha changed of place 2 months ago and thus improved her sales. She also sells spare parts she purchases in Lima and then sells ... More from Martha's previous loan »

Additional Information

About FINCA Peru

This 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.

About Peru

  • $12,000
    Average annual income
  • 100
    View loans »
    Peru Loans Fundraising
  • $57,341,375
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Martha to buy different types of spare parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012