Update on NellyNelly is a member of the Llapanchik communal bank. She is 39 years old, married, and she has a son. She has been a member of FINCA Perú for five years.
She devotes herself to passenger transportation from the neighborhood where she lives to the local market.
She tells us that her experience as a member of FINCA Péru has been very good. This is because they grant loans with which the women are able to undertake a business. Her dream is to buy her own house.
She will use the requested loan for maintenance on her vehicle in order to be able to continue transporting passengers.
Previous Loan DetailsNelly is a member of the Banco Comunal Llapanchik (which means all together in quechua). Nelly is 36 years old and has one child. She has a bodega in a rented space on the avenue in front of the sports complex in the city of Ayacucho where she sells sweets, vegetables, meats, beverages, and small… More from Nelly'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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Success!! The loan was 100% repaid