Update on LuisaLuisa belongs to the communal bank Pureza. She is 42 years old, married, and the mother of four children (one son and three daughters). She's been a member of FINA Peru for 15 years, and she's the owner of a fireworks store. She says that her experience as a member of FINCA Peru has been very good. She's been able to buy land, help her husband with household expenses, and now her oldest son is studying at university. Her dream for the future is to continue building her little home that she shares with her family. She will invest the loan she's asking for into her business in order to buy merchandise and put it in her shop.
Previous Loan DetailsLuisa is a member of the communal bank "Pureza". She is 42 and the owner of a fireworks business and an orchestra. She has four children. Ever since she became a member she has worked hard in her business. The training has helped her become more responsible and punctual, and also has helped her… More from Luisa'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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