Update on TeodosiaTeodosia is a member of the 'Bonanza' community bank. Her business is selling firewood. Thanks to FINCA, she is able to save and educate her children. She enjoys taking part in meetings because she learns to be responsible and punctual. She also learns how to make progress in her business, how to improve as a person and how to improve her family relationships. Her dream is to build her own home and she is starting to save for this. She is requesting this loan to invest in buying firewood to sell.
Previous Loan DetailsTeodosia is a member of the Bonanza Communal Bank.
Teodosia is a 48-year-old widow with 7 children. She is from the Putaja community located two hours away from the city of Ayacucho, which she left due to political violence. Teodosia sells firewood from her home, which is located in the district of San Juan Bautista. She buys the firewood from suppliers that bring it to her house. She is assisted in her work by her children, some of whom are in college or in high school. During vacation periods, they work to be able to pay for school costs.
Teodosia needs a loan of 2,100 soles to be applied toward the purchase of firewood at wholesale prices.
Teodosia dreams of having a grocery store and a shoe store, and of her children being professionals.
Translated from Spanish by Kara Gibson, Kiva volunteer.
Teodosia es socia del Banco Comunal Bonanza.
Teodosia es viuda, tiene 48 años y 7 hijos, Teodosia es de la comunidad de Putaja que se ubica a dos horas de la ciudad de Ayacucho de donde migro por la violencia política de esos años, Teodosia vende leña en su casa ubicada en el barrio tradicional de San Juan Bautista, la leña lo compra de los productores que le traen a su casa, actividad que realiza con la ayuda de sus hijos, algunos de sus hijos están en la universidad y en el colegio, durante las vacaciones ellos trabajan para poder costear sus estudios.
Teodosia necesita un préstamo de 2100 soles, dinero que fue invertido en la compra de leña por mayor.
Teodosia sueña con tener una tienda de abarrotes, una zapatería y que sus hijos sean profesionales. More from Teodosia'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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