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Maria Teresa

Update on Maria Teresa

María is a member of the Banco Comunal Tarpuy II. She is sixty-five years old, married, and the mother of nine children, all of whom have achieved their majority. She has been a member of Finca Perú for more than ten years and makes a living selling clothing that she takes to markets outside the city. She is grateful for the opportunities that the organization has brought her, allowing her to grow more in her business.

She likes the training that she receives in the Banco Comunal because the advice and conversations that it provides help her to improve both personally and economically. She will use the loan that she is currently requesting to buy merchandise (such as clothing for men, women, and children) for her business, which she will sell in the markets.
View original language description ↓
María es socia del Banco Comunal Tarpuy II, tiene 65 años de edad, es casada y madre de 9 hijos que ya tienen mayoría de edad. Es socia de FINCA Perú hace más de 10 años y se dedica a la venta de ropa que lleva a las ferias fuera de la ciudad. Gracias a las facilidades de préstamo que le brinda la institución ella pudo crecer más en su negocio, le gustan las capacitaciones que recibe en su Banco Comunal porque con los consejos y charlas que le brinda su promotora ella puede mejorar personalmente y económicamente. El préstamo que solicita lo invertirá en la compra de mercadería para su negocio y venderlos en las ferias como ropa de niños, damas y caballeros.

Previous Loan Details

Maria is a member of the Tarpuy Communal Bank. She is 65 years old and the mother of nine children. She sells clothing, which she takes to the rainforest region. She has been a member of Finca Perú for ten years. The experience that she has gained in Finca has helped her to raise her children ... More from Maria Teresa's previous loan »

Additional Information

About FINCA Peru

This 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.

About Peru

  • $6,715
    Average annual income
  • 88
    View loans »
    Peru Loans Fundraising
  • $56,011,725
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Teresa to buy clothing for men, women, and children.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 18, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 26, 2013