Update on Sabina AlejandraSabina is a member of the Paloma community bank. She is 39 years old, lives with her partner, and has three children. Her business is selling groceries. Sabina has been with Finca Peru for four years. Her community bank has taught her how to build a good business. It has also taught her responsibility, punctuality, solidarity, and how to raise her children. The progress that she has made is partly thanks to the loans that she has received and partly thanks to the hard work that she has put in. She is very grateful for this. Sabina will invest the loan that she is requesting in buying groceries for her store.
Previous Loan DetailsSabina is a member of the Communal Bank “Paloma” (Dove). She is divorced and the mother of three children. The oldest child is 19 years old and the youngest is 13. All of them are students, but the oldest works and studies part-time. Sabina sells groceries (matches, oil, noodles, flour,… More from Sabina Alejandra'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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