Update on AlfonsaAlfonsa is a member of the 'Señor de Huanca' community bank. She has four children but only has one daughter still in her care. She has been a member of FINCA Peru for two years. Alfonsa is married and her business is selling handicrafts. She also has a bar. She enjoys the training sessions because they help her to improve her relationships with her family. She is also able to save and can then invest in other things such as her home.
Alfonsa will invest her loan in buying materials such as processed thread for making her woven products.
Previous Loan DetailsAlfonsa is 46, married and lives with two of her 4 children, who are 16 and 17 years old. Her two oldest daughters are university graduates and live independently, working respectively as a teacher and administrator. Alfonsa plans to use her credit to buy materials for weaving decorative bags wh... More from Alfonsa'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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Success!! The loan was 100% repaid