Update on FelicitasFelicitas is a member of the Prosperidad (Prosperity)Communal Bank. She engages in selling meat. When she was a child she used to help her mother selling meat; then her mother gave her some money to start her own activity once she was older, and since the day she started she has succeeded in making her working capital grow. Thanks to Finca Peru she has learned how to be frugal and to consequently save some extra money to pay for the household expense as well as for the education of her daughter. She now has a granddaughter and she is very happy, and also her daughter is a member of Finca Peru. She will invest the loan in the purchase of beef.
Previous Loan DetailsFelicitas is a member of Prosperidad Communal Bank. She is 41 years old, has one daughter and has been a member of FINCA Peru for the last three years. Felicitas sells meat at the market. Thanks to the loans she has received without too much paperwork, she has been able to buy equipment for her… More from Felicitas'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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