Update on EmiliaEmilia is a member of the Communal Bank "Las Entusiastas" (The Enthusiasts). She is 61 years old and sells motorcycle parts. Emilia is the mother of six children and has been a member of FINCA Peru for two years. She is very pleased because the training classes from her Communal Bank have taught her how to save. Emilia has also learned a lot about being punctual and working hard each day. With the loans she has received from FINCA Peru, Emilia has been able to improve her home and help her children with their education.
The loan she is now requesting will be invested in the purchase of a motorcycle. She plans to grow her business by also selling motorcycles.
Previous Loan DetailsEmilia is a member of Las Entusiastas communal bank. She is 59, single with 5 children. Her business is selling spare parts for motorbikes. She will use the loan to buy oil and motorbike accessories. Emilia has a stand where she sells the oil and spare parts for the motorbikes in the Ovalo de... More from Emilia'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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