Update on Frida EstherFrida is a member of the Sonrisa (Smile) Communal Bank. She’s 61 years old and sells tara tree products and cochineal (red dye made from the cochineal insect). She’s been a member of Finca Perú for 9 years. She has been able to see much improvement and progress in her business. Thanks to the support that she’s received she’s been able to build her house. She loves the training that has helped her improve her business and herself as a woman.
She will invest the loan she’s asking for into the purchase of cochineal and tara.
El préstamo que solicita lo invertirá en la compra de cochinilla y tara.
Previous Loan DetailsFrida is a partner in the Sonrisa (Smile) Communal Bank. Frida is 58 years old and separated. She has eight children, three of whom live with her. Frida lives in the San Jose de Viñaca community, 40 minutes outside of Ayacucho. She buys tara and pillbugs in the city, which she stockpiles and… More from Frida Esther'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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