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Modesta

Update on Modesta

Modesta is a member of the "Nueva Vida" ["New Life"] communal bank. She is 50 years old and works selling fruit at wholesale. Bit by bit, Modesta has seen how her savings have been growing, and she is now making plans to invest them. Her biggest desire is for her children to become professionals.

The loan that she is now requesting will be allocated for the purchase of fruit at wholesale.
View original language description ↓
Modesta es socia del Banco Comunal Nueva Vida, tiene 50 años, se dedica a la venta de fruta al por mayor, poco a poco Modesta ve como sus ahorros están creciendo, y esta haciendo planes para invertirlos, su mayor anhelo que es sus hijos sean profesionales. Ahora el préstamo que solicita lo destinará para la compra de fruta por mayor.

Previous Loan Details

Modesta is a member of the Nueva Vida Communal Bank. She has been in a common law union for 23 years and has five children, ages 22 through three years old. She has worked in the Basilio Auqui market for ten years where she sells banana, yuca, nony and carambola wholesale. Her main problem... More from Modesta's previous loan »

Additional Information

About FINCA Peru

This 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.

About Peru

  • $6,715
    Average annual income
  • 127
    View loans »
    Peru Loans Fundraising
  • $56,843,475
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD