Update on EudomiliaEudomilia is a member of “A Grain of Mustard” Community Bank. She is the president of the local group. She is married, 67 years old and the mother of seven children. For the past four years she has been a member of FINCA Peru. She is a teacher and also sells groceries from her own store. What she likes the best about the community bank is that they taught her how to save money and their training is very good as they give practical information in their meetings. She is thankful to this institution for the loans that it offers. The loan that she is requesting will be used to buy groceries such as sugar, rice, noodles, flour and drinks.
Previous Loan DetailsEudomilia is a member of the Poder ("Power") Communal Bank. She is married and has seven children, of whom one is still in school and the others are working professionals. Eudomilia used to work professionally, but now runs a dry goods store with her husband. Their store is located near Valdelirios… More from Eudomilia'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