Update on TeresaTeresa is a member of the “Suni” communal bank. She’s 56 years old and owns a grocery store where she sells vegetables and food in the market. She’s been a member of Finca Perú for nine years. She is very happy with everything she learns in her communal bank; the training helps her have the knowledge needed to have a prosperous business. She’s working hard so that she can continue making progress with her family. Thanks to the profits she was able to buy her house and provide schooling for her children. She will use this loan to buy groceries for her store.
Previous Loan DetailsTeresa, 55, is a member of the “Suni” communal bank. She has two children. She’s been a member of FINCA Perú for 15 years. Teresa has a grocery store and sells fruit in the market. She appreciates the ease of the loans. Thanks to them she was able to finish building her house and increase bus... More from Teresa'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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