Update on FlorindaFlorinda is a member of the Imperial Community Bank. She is 58 years old, married and the mother of nine children. She has been a member FINCA Perú for the past ten years. She is the owner of a store that sells folk-art. She is proud of all that she has accomplished as a member of FINCA Perú because she has learned how to save money and progress with her family and also in her business. She likes to attend the community bank meetings as each time she goes she brings back home information that she shares with her children. The loan that she is requesting will be used to buy fabric that she will bring to other countries to sell and also she will use it to make plain and tiered skirts to sell as part of her folk-art offerings.
Previous Loan DetailsFlorinda is a member of the Imperio Community Bank. She is 58 years old and runs a business making tapestries which she sends to Cusco. She has two children, is married, and has been a member of Finca Perú for six years. She has learned to be punctual and responsible. Florinda began slowly, and now… More from Florinda'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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