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Lucy Isabel

Update on Lucy Isabel

Lucy is a member of the Communal Bank "Buena Suerte" (Good Luck). She is 60 years old and a single mother of three children. Lucy has been with FINCA Peru for 14 years. She sells knitted items, jewelry, and clothes at the central market. During the years that she has been a member, Lucy has had the chance to make friends with whom she has shared different experiences. She greatly enjoys the training offered by her Communal Bank because she has learned how to value herself and how to invest her money in a proper manner. Lucy is grateful to FINCA for all of the credit services that have been provided since they have helped her with her business and providing for her children's education.


The loan she is requesting will be invested in the purchase of supplies such as thread, wool, and dyes.

View original language description ↓
Lucy es socia del Bancomunal Buena Suerte, tiene 60 años de edad, es madre soltera de 3 hijos, y es socia de FINCA Perú hace 14 años. Se dedica a la venta de tejidos, joyas, ropas en el mercado central. Durante estos años como socia ella conoció amigas con las cuales comparten experiencias diferentes. Le gusta mucho las capacitaciones que recibe en su bancomunal ya que aprendió a valorarse a sí misma e invertir su dinero de manera adecuada. Está agradecida con la institución por todas las facilidades de crédito que le han brindado, las cuales le ayudaron tanto para su negocio como en la educación de sus hijos. El préstamo que solicita lo invertirá en la compra de mercaderías como hilos, lanas y tintes.

Previous Loan Details

Lucy is a member of the communal bank "Buena Suerte", meaning "Good Luck". She is 59 years old and a single mother of 3 children. She knits sweaters and jackets and she sells clothing by taking orders. The loan which she requests will be invested in the purchase of yarn and articles of clothing. ... More from Lucy Isabel'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
  • 118
    View loans »
    Peru Loans Fundraising
  • $56,074,200
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Lucy Isabel to buy thread, wool, and dyes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012
This photo was used before for a previous loan for Lucy Isabel. It was first posted on Kiva on Jun, 2011. Learn More