Update on NievesNieves is a member of Finca Peru, and she sells gelatin and popcorn. She has benne a member of Finca Peru for 17 years and during this time she has learned what she needed to educated her children and to run her activity. She is a very responsible and punctual member of Finca, always ready to cooperate with the board of directors. She is very happy with the help she receives, as thanks to Finca she has been able to achieve her goals and to educate her children. The loan she is requesting will be used to buy gelatin and popcorn.
Previous Loan DetailsNieves is a member of the Prosperidad communal bank. She is 56 years old, and she has five children. She sells gelatin, juice, popcorn and lollipops. She has been a member of FINCA for 17 years. She invested the first loans that she received in her business, which gives good profits. With… More from Nieves'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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