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Update on Melchora

Melchora is a member of the Communal Bank "Buena Suerte" (Good Luck). She is 65 years old, married, and has three children. Melchora has been with FINCA Peru for 15 years. She is the owner of handicraft workshop that produces woven and embroidered goods. Melchora feels successful with everything she has accomplished as a result of her savings, which helped her provide an education for her children and pay for the construction of her home. The training classes offered by her Communal bank have taught her a great deal about working and becoming a female entrepreneur. She is grateful to FINCA for the credit services it has provided.

The loan she is requesting will be used to buy supplies, such as thread and wool, and to pay her workers.

View original language description ↓
Melchora es socia del Bancomunal Buena Suerte, tiene 65 años de edad, es casada y tiene 3 hijos, y es socia de FINCA Perú hace 15 años. Es dueña de talleres de artesanía de tejidos y bordados. Se siente exitosa con todo lo que ha logrado con sus ahorros los cuales la ayudaron para la educación de sus hijos y para la construcción de su vivienda. Las capacitaciones que recibe en su Bancomunal le enseñaron mucho a trabajar y a ser una mujer emprendedora. Agradece a la Institución por las facilidades de crédito que le brindan. El préstamo que solicita lo invertirá en la compra de mercadería como hilos y lana así como para el pago de sus operarios.

Previous Loan Details

Melchora is a member of the communal bank "Buena Suerte." She is 65 years old, and is the mother of 3 children. She has a business selling handicrafts in the city of Cusco. She has been a member of FINCA for 14 years, and she always invests the loans she takes in her business. She feels very ... More from Melchora's previous loan »

Additional Information

About FINCA Peru

This 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.

About Peru

  • $12,000
    Average annual income
  • 85
    View loans »
    Peru Loans Fundraising
  • $63,797,675
    Funds lent in using Kiva
  • 2.6
    Peru Nuevos Soles (PEN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Melchora to buy thread and wool and to pay her workers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 25, 2012
May 19, 2012
Currency Exchange Loss:
Oct 15, 2012