Update on ReynildaReynilda is a member of the Imperio Community Bank. She is 43 years old, married and the mother of two children. She became a member of FINCA Perú eight years ago and is the owner of a hardware store. She says that thanks to the loans she has been offered, she was able to grow in her business as well as in her personal life. She enjoys attending Community Bank meetings because she learns a lot with the trainings she receives. She says they are a great help in improving herself as a person and also in expanding her business. She learned how to save, distribute her earnings, and also to invest well in her business. The loan that she is requesting will be invested in the purchase of merchandise for her hardware store such as tubes, nails, paint, screws, cement, iron, etc.
Previous Loan DetailsReynilda is a member of the communal bank Imperio. She is 42 years old and the mother of 2 children. She's the owner of a hardware store and goes to the markets selling cheese. With the trainings, she learned a lot about how to run her business and she thanks Finca Perú for supporting the women… More from Reynilda'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