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Martha Irene

Update on Martha Irene

Martha has a grocery store in her own house. Being in the institution [FINCA Peru], she has managed to educate her children, and she also has learned to work and save money. The training that they offer is very interesting and they help businesses and families so much.

With the new loan she is requesting, Martha will invest in the purchase of groceries such as sugar, rice, oil, milk, and other products. Martha's dream is to better equip her business.
View original language description ↓
Martha tiene una tienda de abarrotes en su propia casa. Estando en la institución logró educar a sus hijos, también aprendió a trabajar y a ahorrar. Las capacitaciones que ofrecen son muy interesantes y nos ayudan tanto para el negocio y nuestras familias. Martha con el nuevo préstamo que solicita lo va invertir en la compra de abarrotes tales como azúcar, arroz, aceite, leche, entre otros productos más. El sueño que tiene Martha es equipar más el negocio.

Previous Loan Details

Martha is a forty-four year old married mother with four children. Martha has a convenience store located in her home where she works with the help of her children from 6:00 AM in the morning until 10 PM at night; selling groceries, vegetables, stove gas, firewood, drinks, and meat. She also prep... More from Martha Irene'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
  • 101
    View loans »
    Peru Loans Fundraising
  • $56,063,475
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Martha Irene to buy rice, sugar, oil, noodles, milk, vegetables, and soft drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 9, 2013