Update on MargaritaMargarita is a member of the Hormigas village bank. She is 60 years old and the single mother of one son. She has been a member of FINCA Perú for 16 years and owns a pharmacy. She says that FINCA Perú has given her a lot of help, and the support she's gotten from her village bank has taught her to work, to value herself, and to educate her son, who now has a successful career. Her dream is to be a businesswoman and buy houses to then sell them again, but most of all she wants to keep moving forward. She will invest the requested loan in products such as pills, cough syrups, rubbing alcohol, gauze, other medications, and so on to sell in her pharmacy.
Previous Loan DetailsMargarita is a member of the Hormigas ["Ants"] Communal Bank. She is 59 and owns a poultry store. She also has a pharmacy and runs a boarding house from her home. She has one child and has been a member of Finca Peru for 15 years. She trusts Finca. Her loans from Finca have helped her to progress... 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