Update on Francisca ElenaFrancisca is a member of the Paloma community bank. She has a grocery store and is the mother of five children. She is a registered nurse. She has always had her grocery store and used to run it together with her husband until she started to travel and then only her husband would run it. When she started with Finca Peru her husband was dead set against the idea. He would never give her money so that she could save. Over time, she realized that Finca helped her a lot with their loans and now she and her husband establish goals that they can accomplish with the savings they have with Finca. Francisca gives thanks for all the support that she has been given. The training sessions helped her to improve her relationship with her husband. She is doing very well with her business and she will invest her current loan in buying sugar, rice and milk.
Previous Loan DetailsFrancisca is a member of the 'Paloma' (Dove) community bank. She is 45 years old and married. Francisca has a general store where she sells groceries, vegetables, fruit and meat. She will invest the loan that she is requesting in buying merchandise with which to stock her store. Francisca... More from Francisca Elena'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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