Update on Frida EstherFrida’s a member of the “Sonrisa” (Smile) communal bank. She’s 62-years-old and the mother of 8 children. She’s been a member of FINCA Perú for 9 years and she is a tara [small leguminous tree or thorny shrub native to Peru] and cochineal merchant; she also sells vegetables.
She’s grateful to the institution for all the support they provide her. She enjoys attending her communal bank meetings because the training she gets teaches her how to save, to invest her money well and to improve as a person. She says that by attending besides learning much she also enjoys herself sharing experiences with her fellow members. The loan she’s asking for will be used to buy tara.
Previous Loan DetailsFrida is a partner in the Sonrisa (Smile) Communal Bank. Frida is 58 years old and separated. She has eight children, three of whom live with her. Frida lives in the San Jose de Viñaca community, 40 minutes outside of Ayacucho. She buys tara and pillbugs in the city, which she stockpiles and se... More from Frida Esther'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