Update on LeonildaLeonilda is a member of the "El Roble" communal bank. She is 64, married, and the mother of nine children. She has been a member of Finca Perú for more than 14 years and owns her own store where wool clothing is sold.
She says that during all this time as a member of Finca Perú, what she has learned the most is the importance of saving and being on time with payments. She says that when she is in a tight spot, or has a financial problem, she can live on her accumulated savings and this way have stability in her life.
Leonilda says that she is seeing her dreams come true, and is grateful to the institution, as now she has her own house and all her children are professionals. With the loan she is requesting, she will invest in the purchase of various kinds of thread, fabric and wool for her business.
Previous Loan DetailsLeonilda is a member of the El Roble Communal Bank. She is 62 and weaves baby clothing and bedspreads. She is married with 9 children and has been a member of Finca Peru for 13 years. Throughout this time, she has been able to meet her goals as a mother and a woman. She was able to build her home… More from Leonilda'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