Update on OdiliaOdilia is a member of the Tarpuy communal bank. She is 51 years old and sells firewood. She owns a small farm and has 4 children, all in the workforce. She has been a member of FINCA Peru for 15 years. She has always put into practice everything she was taught at FINCA, and she also taught her children. She decidedly wants to continue making progress and to see all her children get financial stability. She will use this loan to purchase firewood.
Previous Loan DetailsOdilia E. R. is a member of the community bank, Tarpuy, a Quechuan word which in Quechua, the local language, means ‘to sow or plant.’ Odilia is married and lives in Ayacucho with her four children aged 28-21. Odilia has her own business growing and selling grains and cereals. Her loan of 1000 ... More from Odilia'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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