Update on MariaMaría is a member of the Llapanchik Communal Bank. She has been a member of Finca Perú for 8 years.
Maria makes a living selling car parts. She has always had the business, but her capital was very small. Now with Finca she can grow as a businessperson and as a woman. The training helps her to be better. She is very happy with Finca and tries to always do everything that is asked of her. She is grateful that she was able to buy some land with her savings. She will put this loan towards the purchase of parts.
María se dedica a la venta de repuesto de carros, siempre tuvo el negocio, pero su capital era muy poco, ahora con Finca ella pudo crecer como negociante y como mujer, las capacitaciones le ayudan a poder ser mejor esta muy feliz en Finca y trata siempre de cumplir con todo, agradece que con los ahorros pudo comprarse un terreno, ahora con el préstamo lo invertirá en la compra de repuestos.
Previous Loan DetailsMaria is a member of the Banco Comunal Llapanchik (which means all together in quechua). Maria is a 41-year-old married mother of 3 children. She has a stand in a rented space situated in the same place as her home. She sells spare parts for cars. Her husband is an electrician and his workshop is... More from Maria'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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