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Update on Clementina

Clementina is a member of the "Bancomunal Nueva Vida" communal bank, and owns a bakery. In Finca Perú she learned to save and work hard so that she and her three children could move forward. Through the Bancomunal training, she learned to run her business well.

With the earnings from the loans she achieved many things, such as buying a house and helping her children take professional studies. Her business was able to prosper. She remembers well the advice of Morenita (the founder of Finca Perú), which helped her to be stronger, and more consistent in her decision-making.

Now she will use the loan she is applying for to buy flour, sugar and firewood for her bakery.
View original language description ↓
Clementina es socia del Bancomunal Nueva Vida,es dueña de una panadería, en Finca Perú ella aprendió a ahorrar y trabajar mucho para progresar junto a sus 3 hijos, con las capacitaciones de su Bancomunal ella aprendió a administrar bien su negocio, con las ganancias de los préstamos logró muchas cosas como: comprar su casa, brindar estudios profesionales a sus hijos y su negocio pudo prosperar. Recuerda mucho los consejos de Morenita (Fundadora de Finca Perú) que le ayudaron a ser mas fuerte y consecuente con las cosas que decidía. Ahora el préstamo que solicita lo destinará para la compra de harina, azúcar y leña para su panadería.

Previous Loan Details

Clementina is a member of the Communal Bank “Nueva Vida” (New Life). She is 40 years old and the mother of three children. Clementina has been a member of FINCA Peru for 12 years. She manages a bakery. Clementina recalls previously selling candy from a cart. Afterwards, she bought a tricy... More from Clementina'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

  • $12,000
    Average annual income
  • 175
    View loans »
    Peru Loans Fundraising
  • $60,197,200
    Funds lent in using Kiva
  • 2.7
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Clementina to buy flour, sugar and firewood for her bakery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 30, 2012
Apr 19, 2012
Currency Exchange Loss:
Oct 15, 2012