Update on ElisaElisa is a member of the Muchuy Huaragac Communal Bank. She makes a living selling wholesale and retail sale cereal. She has been a member of Finca Perú for 15 years. She's doing well with Finca because more than a financier it's like a home and the other female members are like her sisters. She's thankful to Finca for all the support that they have given her when she's needed it most. All of her daughters are also members and she has learned a lot with Finca because they have taught her to have a base from which to be self sufficient. She will invest the loan in the purchase of various cereals for her business.
Previous Loan DetailsElisa is a member of the Communal Bankl Muchuy Huaraqac, which means abundance in Quechua. Elisa is married, 47 years old and has 5 children. She works at the fairs in the region on Saturdays and depending on the supply of cereals she goes to the fairs where she purchases cereals, small animal... More from Elisa'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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