Update on MarthaMartha is a member of the Communal Bank "Tulipanes" (Tulips). She is 41 years old and the mother of four children who are her greatest priority. Martha buys and sells auto parts. She has been a member of FINCA Peru for four years. During this entire time as a member, Martha has learned how to save and how to be responsible and punctual. She enjoys the training classes offered by her Communal Bank and the meetings because she is able to learn and still have a good time relaxing with her friends. Martha was able to follow through with the goals she had for her business because her store is established in her home. In addition, she was able to provide a quality education for her children.
The loan she is requesting will be invested in the purchase of auto parts for her business.
Previous Loan DetailsMartha belongs to the Tulipanes Village Bank. She is married, is 37 and has 3 children. She has a clothes workshop in a rented place. She makes and mends clothes. Martha changed of place 2 months ago and thus improved her sales. She also sells spare parts she purchases in Lima and then sells ... More from Martha'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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