Update on RosaRosa is a member of the Paraíso communal bank. She is the mother of two children, married, and has been a member of Finca Perú for more than four years. She makes a living selling groceries and in clothing sales.
She is thankful to the institution because she has been able to get her business and her family ahead. Since she has been with Finca she has been able to grow her business and allow her children to become professionals. Before, she had just one business and now she has two. She learned how to manage her money and grow her business, which are the values taught in the talks and meetings.
She will invest the loan she is requesting now in increasing her merchandise by purchasing rice, sugar, milk, and clothes as well.
el préstamo que solicita lo invertirá en incrementar su mercadería comprando de arroz, azúcar, leche, y tambien la compra de ropa.
Previous Loan DetailsRosa is a member of the “Paraíso” (Paradise) communal bank. She’s 62 years old and has a grocery stand in the Vivanco Market. The loan she’s requesting will be used to buy merchandise for her grocery stand. Besides that, Rosa also sells clothes. She’s been a member of FINCA Perú for the las... More from Rosa'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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