Update on ElenaElena belongs to the “Kausachun” communal bank. She’s 32-years-old, married and mother of three boys. She’s been a member of FINCA Perú for ten years and works manufacturing bricks. In her time as a FINCA Perú member, Elena has learned the importance of savings and punctuality. Her dream for the future is that her children make progress and are able to attain larger accomplishments than she has. Her goal is to buy a piece of land on which to build a house for her family and to own a store. She will use the loan to invest in her business; she will buy materials and supplies needed to manufacture bricks to sell.
Previous Loan DetailsElena is a member of the Kausachun communal bank. She’s married, 30 years old and has three children whose ages are 9, 7 and 1. Elena makes bricks in the community of Compañía that she sells in the same community. She will use the requested loan to buy materials used to make bricks: dirt... More from Elena'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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