Update on EmilianaEmiliana is a member of the Alondras Communal Bank. She's fifty-eight and the mother of nine children. She's been a FINCA member for fifteen years. She earns her living selling handcrafts (fabrics). She feels proud of all she has achieved with her savings, like her home, and she appreciates FINCA for providing credit and for the training she receives at her communal bank. She'll invest the loan she's seeking in supplies for her fabrics, like thread and dyes.
Previous Loan DetailsEmiliana is a member of the Alondras communal bank. She is 57 years old and the mother of 9 children. She sells artisanal crafts and has her own weaving workshop. She has been a member of Finca Peru for 13 years. She is very grateful to everyone that helped her, financially and personally. She ha... More from Emiliana'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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