Update on AbigailAbigail makes a living purchasing and selling wood. She enjoys being part of her communal bank, since it has taught her to be enterprising and, most importantly, how to invest money properly. She is grateful to the lending institution for the terms of its loans.
Abigail is asking for a new loan in order to invest in the purchase of different qualities of wood.
Abigail’s dream is to have a house of her own.
Abigail con el nuevo préstamo que solicita lo va invertir exclusivamente en la compra de maderas de diferentes calidades.
El sueño de Abigail es tener una casa propia.
Previous Loan DetailsAbigail is a member of Banco Comunal Palmeras. She is 45, has one son, and works selling vegetables, fish and cheese to communities in the forest. She has been involved with FINCA Perú for 9 years, and thanks to the training offered, Abigail manages her household and personal life better, also ... More from Abigail'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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