Update on MargaritaMargarita es socia del Bancomunal Violeta, tiene 46 años de edad y es madre soltera de 5 hijos varones. Es socia de FINCA Perú hace 2 años y es dueña de una ferretería. En todo este tiempo como socia de FINCA Perú la lección que más ha aprendido es a ahorrar. Ella dice que esta agradecida con la institución por todo el apoyo que le brinda cuando más lo necesita y de esa manera ella puede trabajar. Su sueño para el futuro es seguir trabajando y poderse comprar un automóvil para ella misma. El préstamo que solicita lo invertirá en la compra de mercadería para su ferretería como clavos, tornillos, pintura, cemento, ladrillos, etc.
Previous Loan DetailsMargarita is a member of the Violeta Communal Bank. She is 45 and the owner of a hardware store. She is the mother of five children, married, and has been a member of Finca for two years. Margarita began as a traveling street vendor, selling chicken. A disaster happened to her and she didn't ... More from Margarita'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