Update on MargaritaMargarita is a member of the 'Arco Iris' (Rainbow) community bank. Her business is selling meat in open-air markets.
Thanks to the training that she has received, Margarita has learned to manage her business well. She has learned to save, and to be punctual and responsible. She is grateful for all the loans that she has been given because, thanks to them, she has had more capital available and been able to provide her children with a better education. She recalls that when her husband became seriously ill, Finca were the only ones to help her. She will never forget this. The training that she has received has helped her to value herself as a woman and she has learned to be happy with what she has. She will use the loan that she is requesting to buy meat.
Gracias a las capacitaciones que ha recibido, Margarita aprendió a manejar bien su negocio, aprendió a ahorrar, a ser puntual y responsable, agradece todo los préstamos que le dieron, ya que gracias a ellos pudo tener mas capital y así dar una mejor educación a sus hijos, recuerda que cuando su esposo se enfermo de gravedad, solo Finca le ayudó, eso nunca se olvida, las capacitaciones le ayudaron a poder valorarse como mujer y aprender a ser feliz con las cosas que tiene, ahora con el préstamo que solicita lo invertirá en al compra de carne.
Previous Loan DetailsMargarita is a member of the Arco Iris (Rainbow) Communal Bank. She is a 38-year-old married mother of 2, and has been a member of FINCA Peru for 15 years. Margarita is a meat vendor. Ever since she was young, she has been working in the open-air markets with her parents. Before, she had very ... More from Margarita'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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