Update on DoloresDolores is a member of the communal bank, "Nueva Vida," [New Life] and makes a living by selling fruit wholesale. What she likes the most is saving and the loans that she has received for her business. She came to Finca Peru with a lot of fear because she had never taken out a loan before. But she noticed that everything they did was for her own benefit, and that is why she has not left them. Thanks to Finca Peru, she could buy her land. She will use this loan to buy fruit wholesale.
Previous Loan DetailsDolores is a member of the Communal Bank “Nueva Vida” (New Life). She is 56 years old and has been married for 39 years. Dolores has seven children. The oldest is 32 years old while the youngest is 12 years old and currently studying.
She encounters difficulty whenever her sales decline.… More from Dolores'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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