Update on PrecilaPrecila likes being part of the communal bank, since in it she has friends with whom she shares different experiences, as well as joys. Her work is planting vegetables and raising small animals such as guinea pigs, pigs, and sheep to sell. She is grateful to this institution for the convenience of the loans they offer. The training is very interesting, since with it they know how to appropriately invest their money and practice their values. With the new loan that she is applying for, Precila is going to invest in the purchase of animals and vegetable seeds and use part of it for the education of her children.
Previous Loan DetailsPrecila’s a member of the “Suni” communal bank. She’s 68 years old and owns a parcel of farmland where she grows potatoes. She’s the mother of five children and has been a member of Finca Perú for 13 years. She learned honesty, responsibility and how to save her money to be able to invest in... More from Precila'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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